NMG (Nouveau Monde Graphite) Effective Interest Rate on Debt % : 9.67% (As of Jun. 2024)

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What is Nouveau Monde Graphite 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. Nouveau Monde Graphite's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $2.77 Mil. Nouveau Monde Graphite's average total debt for the quarter that ended in Jun. 2024 was $28.62 Mil. Therefore, Nouveau Monde Graphite's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 9.67%.

Nouveau Monde Graphite Effective Interest Rate on Debt % Historical Data

The historical data trend for Nouveau Monde Graphite'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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Nouveau Monde Graphite Effective Interest Rate on Debt % Chart

Nouveau Monde Graphite Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.77

11.11

21.25

5.23

19.11

Nouveau Monde Graphite Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.52	19.73	20.04	18.79	9.67

Competitive Comparison of Nouveau Monde Graphite's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Nouveau Monde Graphite'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.

Nouveau Monde Graphite's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nouveau Monde Graphite's Effective Interest Rate on Debt % falls into.

Nouveau Monde Graphite Effective Interest Rate on Debt % Calculation

Nouveau Monde Graphite'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 * -8.406	/	( (45.159	+	42.836)	/ 2 )
=	-1 * -8.406	/	43.9975
=	19.11 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.676	+	0.483
=	45.159

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.142	+	0.694
=	42.836

Nouveau Monde Graphite's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -2.768	/	( (44.356	+	12.876)	/ 2 )
=	-1 * -2.768	/	28.616
=	9.67 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.83	+	42.526
=	44.356

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.704	+	11.172
=	12.876

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

Nouveau Monde Graphite (NYSE:NMG) Effective Interest Rate on Debt % Explanation

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

Nouveau Monde Graphite Effective Interest Rate on Debt % Related Terms

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Nouveau Monde Graphite Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nouveau Monde Graphite Inc (NYSE:NMG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

NM9A:Germany NOU:Canada

Address

481 Brassard Street, Saint-Michel-des-Saints, QC, CAN, J0K 3B0

Website

https://www.nmg.com

Nouveau Monde Graphite Inc is a mineral exploration company. The company specializes in the exploration, evaluation, and development of mineral properties located in Quebec and is developing a natural graphite-based anode material that would qualify as battery-grade material to supply the lithium-ion industry. The company currently operates in two segments: the Matawinie Mine Project and the Battery Material Plant project.