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Aqua Metals (Aqua Metals) Effective Interest Rate on Debt % : 12.85% (As of Mar. 2024)


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What is Aqua 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. Aqua Metals's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.42 Mil. Aqua Metals's average total debt for the quarter that ended in Mar. 2024 was $3.30 Mil. Therefore, Aqua Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.85%.


Aqua Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Aqua 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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Aqua Metals Effective Interest Rate on Debt % Chart

Aqua Metals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.81 28.65 2.20 3.47 12.79

Aqua Metals Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.89 16.02 10.43 12.61 12.85

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

For the Waste Management subindustry, Aqua 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.


Aqua Metals's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Aqua Metals's Effective Interest Rate on Debt % distribution charts can be found below:

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



Aqua Metals Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -0.621/( (6.481+3.233)/ 2 )
=-1  *  -0.621/4.857
=12.79 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.275 + 6.206
=6.481

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.923 + 0.31
=3.233

Aqua Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -0.424/( (3.233+3.366)/ 2 )
=-1  *  -0.424/3.2995
=12.85 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.923 + 0.31
=3.233

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.143 + 3.223
=3.366

* 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.

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Aqua Metals  (NAS:AQMS) Effective Interest Rate on Debt % Explanation

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


Aqua Metals Effective Interest Rate on Debt % Related Terms

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Aqua Metals (Aqua Metals) Business Description

Industry
Traded in Other Exchanges
Address
5370 Kietzke Lane, Suite 201, Reno, NV, USA, 89511
Aqua Metals Inc is a United States-based company engaged in the business of recycling Lead through a novel, proprietary and patent-pending process that it developed and named AquaRefining. The company's breakthrough, AquaRefining, delivers a product, at a higher yield, eliminates toxic waste, reduces permitting and is less expensive to build than smelting. AquaRefining process will provide for the recycling of Lead acid batteries and the production of a pure grade Lead with a significantly lower cost of production, and with fewer environmental and regulatory issues, than conventional methods of Lead production.
Executives
Vincent L Divito director 329 DOLPHIN LANE, WEST BABYLON NY 11704
Sung Yi director C/O AQUA METALS.COM, 5370 KIETZKE LN SUITE 201, RENO NV 89511
Peifang Zhang director 21640 E. BRIARWOOD DR., AURORA CO 80016
Edward J Smith director 635 HOOD ROAD, MARKHAM A6 L3R 4N6
David Kanen director 6429 NW 65TH WAY, PARKLAND FL 33067
Philotimo Fund, Lp other: Passive Investor 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Kanen Wealth Management Llc other: Passive Investor 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
David Mcmurtry officer: Chief Business Officer C/O AQUA METALS.COM, 5370 KIETZKE LN SUITE 201, RENO NV 89511
Stephen Cotton officer: Chief Commercial Officer 1010 ATLANTIC AVE, ALAMEDA CA 94501
Benjamin S. Taecker officer: Chief Eng and Opr Officer C/O AQUA METALS, 2500 PERU DR., MCCARRAN NV 89437
Judd Merrill officer: Chief Financial Officer 2425 CROOKED CANYON CT., RENO NV 89521
S. Shariq Yosufzai director 171 ALPINE TERRACE, OAKLAND CA 94618
Gayle J Gibson director 2500 PERU DRIVE, MCCARRAN NV 89437
Susanne Meline director P.O. BOX 515381, #86506, LOS ANGELES CA 90051
Sushil Kapoor director AQUA METALS, INC., 1010 ATLANTIC AVE STE 101, ALAMEDA CA 94501