International Battery Metals (XCNQ:IBAT) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is International Battery 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. International Battery Metals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.00 Mil. International Battery Metals's average total debt for the quarter that ended in Dec. 2023 was C$0.14 Mil. Therefore, International Battery Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

International Battery Metals Effective Interest Rate on Debt % Historical Data

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

International Battery Metals Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Effective Interest Rate on Debt %

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100.00

193.06

66.67

83.33

International Battery Metals Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.41	5.75	5.26	4.72	-

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

For the Other Industrial Metals & Mining subindustry, International Battery 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.

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

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

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

International Battery Metals Effective Interest Rate on Debt % Calculation

International Battery Metals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2020 )	+	Total Debt (A: Jan. 2021 ))	/ count )
=	-1 * -0.005	/	( (0.006	+	0)	/ 1 )
=	-1 * -0.005	/	0.006
=	83.33 %

where

	Total Debt (A: Jan. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.006
=	0.006

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

International Battery 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 * 0	/	( (0.156	+	0.12)	/ 2 )
=	-1 * 0	/	0.138
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.023	+	0.133
=	0.156

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.12
=	0.12

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.

International Battery Metals (XCNQ:IBAT) Effective Interest Rate on Debt % Explanation

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

International Battery Metals Effective Interest Rate on Debt % Related Terms

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International Battery Metals (XCNQ:IBAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » International Battery Metals Ltd (XCNQ:IBAT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

IBATF:USA 8RE:Germany 8RE:Germany

Address

1055 West Georgia Street, Suite 1750, Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.ibatterymetals.com

International Battery Metals Ltd is a technology company focused on lithium extraction from salars, geothermal brines and oil field brines. The company is in the process of creating and applying intellectual property related to lithium extraction from brines. Its extraction process is environmentally friendly, low cost, and has the potential to produce commercial-grade lithium at a faster rate.

Executives

Logan Bruce Anderson

Senior Officer

International Battery Metals (XCNQ:IBAT) Headlines

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