Alpha Lithium (NEOE:ALLI) Effective Interest Rate on Debt % : 197.75% (As of Sep. 2023)

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What is Alpha Lithium 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. Alpha Lithium's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.18 Mil. Alpha Lithium's average total debt for the quarter that ended in Sep. 2023 was C$0.09 Mil. Therefore, Alpha Lithium's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 197.75%.

Alpha Lithium Effective Interest Rate on Debt % Historical Data

The historical data trend for Alpha Lithium'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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Alpha Lithium Effective Interest Rate on Debt % Chart

Alpha Lithium Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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106.56

184.06

Alpha Lithium Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.55	686.10	124.51	157.80	197.75

Competitive Comparison of Alpha Lithium's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Alpha Lithium'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.

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

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

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

Alpha Lithium Effective Interest Rate on Debt % Calculation

Alpha Lithium's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.254	/	( (0	+	0.138)	/ 1 )
=	-1 * -0.254	/	0.138
=	184.06 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.058	+	0.08
=	0.138

Alpha Lithium's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.176	/	( (0.099	+	0.079)	/ 2 )
=	-1 * -0.176	/	0.089
=	197.75 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.015	+	0.084
=	0.099

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.079
=	0.079

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Alpha Lithium (NEOE:ALLI) Effective Interest Rate on Debt % Explanation

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

Alpha Lithium Effective Interest Rate on Debt % Related Terms

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Alpha Lithium (NEOE:ALLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alpha Lithium Corp (NEOE:ALLI) » Definitions » Effective Interest Rate on Debt %

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Address

535 Thurlow Street, Suite 801, Vancouver, BC, CAN, V6E 3L2

Website

https://www.alphalithium.com

Alpha Lithium Corp is a Canada-based exploration company. It is focused on the acquisition and development of high-grade lithium brine deposits. The company holds an interest in the Tolillar Project.

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