Trigon Metals (TSXV:TM) Effective Interest Rate on Debt % : 969.04% (As of Dec. 2023)

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What is Trigon Metals Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Trigon Metals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$14.15 Mil. Trigon Metals's average total debt for the quarter that ended in Dec. 2023 was C$1.46 Mil. Therefore, Trigon Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 969.04%.

Trigon Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Trigon Metals's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Trigon Metals Effective Interest Rate on Debt % Chart

Trigon Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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7.99

11.56

31.80

10.40

7.58

Trigon Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															11.71	63.09	-1,426.91	5,113.11	969.04

Competitive Comparison of Trigon Metals's Effective Interest Rate on Debt %

For the Copper subindustry, Trigon Metals's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Trigon Metals's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Trigon Metals's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Trigon Metals's Effective Interest Rate on Debt % falls into.

Trigon Metals Effective Interest Rate on Debt % Calculation

Trigon Metals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.168	/	( (4.165	+	0.267)	/ 2 )
=	-1 * -0.168	/	2.216
=	7.58 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.114	+	2.051
=	4.165

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.179	+	0.088
=	0.267

Trigon Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -14.148	/	( (0.221	+	2.699)	/ 2 )
=	-1 * -14.148	/	1.46
=	969.04 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.152	+	0.069
=	0.221

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.109	+	0.59
=	2.699

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Trigon Metals (TSXV:TM) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Trigon Metals Effective Interest Rate on Debt % Related Terms

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Trigon Metals (TSXV:TM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trigon Metals Inc (TSXV:TM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PNTZF:USA TZU2:Germany

Address

130 Queens Quay East, Suite 1224, Toronto, ON, CAN, M5A 0P6

Website

https://www.trigonmetals.com

Trigon Metals Inc is an emerging copper and silver producer in the African continent. Trigon operates through the development of its Namibian mining and exploration permits. The company's projects include Kombat Mine and Gross Otavi in Namibia and the newly Silver Hill copper-silver exploration project in Morocco.

Executives

Larisa Sprott

Director