Sigma Lithium (TSXV:SGML) Effective Interest Rate on Debt % : 11.62% (As of Mar. 2024)

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What is Sigma 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. Sigma Lithium's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$26.4 Mil. Sigma Lithium's average total debt for the quarter that ended in Mar. 2024 was C$227.1 Mil. Therefore, Sigma Lithium's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.62%.

Sigma Lithium Effective Interest Rate on Debt % Historical Data

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

Sigma Lithium Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.78

4.63

27.22

0.78

14.26

Sigma Lithium 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															1.75	14.59	14.04	17.20	11.62

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

For the Other Industrial Metals & Mining subindustry, Sigma 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.

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

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

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

Sigma Lithium Effective Interest Rate on Debt % Calculation

Sigma Lithium'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 * -18.377	/	( (81.107	+	176.633)	/ 2 )
=	-1 * -18.377	/	128.87
=	14.26 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	80.427	+	0.68
=	81.107

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.594	+	31.039
=	176.633

Sigma Lithium'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 * -26.388	/	( (176.633	+	277.573)	/ 2 )
=	-1 * -26.388	/	227.103
=	11.62 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.594	+	31.039
=	176.633

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	148.79	+	128.783
=	277.573

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.

Sigma Lithium (TSXV:SGML) Effective Interest Rate on Debt % Explanation

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

Sigma Lithium Effective Interest Rate on Debt % Related Terms

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Sigma Lithium (TSXV:SGML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sigma Lithium Corp (TSXV:SGML) » Definitions » Effective Interest Rate on Debt %

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SGML:USA S2GM34:Brazil

Address

Avenida Nove de Julho 4939, 9th Floor, Torre Europa, Itaim, Sao Paulo, SP, BRA, 01407-200

Website

https://www.sigmalithiumresources.com

Sigma Lithium Corp is dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium. The company is in construction at its wholly owned Grota do Cirilo Project in Brazil, one of the largest and highest-grade hard rock lithium spodumene deposits in the Americas. It is committed to strong ESG practices and is aiming to be net zero emissions by 2024. Its green-friendly processing plant will use 100% renewable energy, 100% recycled water and 100% dry-stack tailings.