D2 Lithium (TSXV:DTWO) Effective Interest Rate on Debt % : 10.24% (As of Feb. 2024)

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What is D2 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. D2 Lithium's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$0.08 Mil. D2 Lithium's average total debt for the quarter that ended in Feb. 2024 was C$0.78 Mil. Therefore, D2 Lithium's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 10.24%.

D2 Lithium Effective Interest Rate on Debt % Historical Data

The historical data trend for D2 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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D2 Lithium Effective Interest Rate on Debt % Chart

D2 Lithium Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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16.11

0.63

2.34

5.96

D2 Lithium Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.68	-	-	15.03	10.24

Competitive Comparison of D2 Lithium's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, D2 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.

D2 Lithium's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, D2 Lithium's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where D2 Lithium's Effective Interest Rate on Debt % falls into.

D2 Lithium Effective Interest Rate on Debt % Calculation

D2 Lithium's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -0.026	/	( (0.154	+	0.719)	/ 2 )
=	-1 * -0.026	/	0.4365
=	5.96 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.154
=	0.154

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.719
=	0.719

D2 Lithium's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -0.08	/	( (0.719	+	0.844)	/ 2 )
=	-1 * -0.08	/	0.7815
=	10.24 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.719
=	0.719

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.844
=	0.844

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

D2 Lithium (TSXV:DTWO) Effective Interest Rate on Debt % Explanation

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

D2 Lithium Effective Interest Rate on Debt % Related Terms

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D2 Lithium (TSXV:DTWO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » D2 Lithium Corp (TSXV:DTWO) » Definitions » Effective Interest Rate on Debt %

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DTWOF:USA C2U:Germany

Address

701 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V7Y 1C6

Website

https://www.heliosx.ca

D2 Lithium Corp is a resource exploration company. The company is engaged in the business of acquiring and developing mineral properties. Its projects include the Teels Marsh Lithium project, Alkali Lake Lithium Project, and Salinas Grandes. Geographically, it operates in Canada, Argentina, and the United States. It has one business segment, mineral exploration.

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