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

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What is Patriot 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. Patriot Battery Metals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Patriot Battery Metals's average total debt for the quarter that ended in Dec. 2023 was $0.20 Mil. Therefore, Patriot Battery Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Patriot Battery Metals Effective Interest Rate on Debt % Historical Data

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

Patriot Battery Metals Annual Data

Trend

Mar14

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Mar23

Effective Interest Rate on Debt %

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3.13

Patriot Battery Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Competitive Comparison of Patriot Battery Metals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Patriot 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.

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

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

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

Patriot Battery Metals Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.065	/	( (0	+	0)	/ 1 )
=	-1 * -0.065	/	0
=	N/A %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Patriot 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	/	( (0.314	+	0.088)	/ 2 )
=	-1 * 0	/	0.201
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.259	+	0.055
=	0.314

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.066	+	0.022
=	0.088

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.

Patriot Battery Metals (OTCPK:PMETF) Effective Interest Rate on Debt % Explanation

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

Patriot Battery Metals Effective Interest Rate on Debt % Related Terms

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Patriot Battery Metals (Patriot Battery Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Battery Metals Inc (OTCPK:PMETF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

R9G:Germany PMET:Canada PMT:Australia

Address

838 W Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.patriotbatterymetals.com

Patriot Battery Metals Inc is a mineral exploration company focused on the acquisition and development of mineral projects containing the battery, base and precious metals. The company's flagship assets are the wholly-owned Corvette Property, the FCI Property located in the James Bay Region of Quebec and the Freeman Creek Gold Property, located in Idaho, USA. In addition, the company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and the Hidden Lake Lithium Property, NWT, where the company maintains a 40% interest, as well as several other assets in Canada.