ZEB Nickel (TSXV:ZBNI) Effective Interest Rate on Debt % : 15.93% (As of Sep. 2023)

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What is ZEB Nickel 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. ZEB Nickel's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.16 Mil. ZEB Nickel's average total debt for the quarter that ended in Sep. 2023 was C$1.00 Mil. Therefore, ZEB Nickel's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 15.93%.

ZEB Nickel Effective Interest Rate on Debt % Historical Data

The historical data trend for ZEB Nickel'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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ZEB Nickel Effective Interest Rate on Debt % Chart

ZEB Nickel Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

7.37

24.67

ZEB Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					0.59	40.57	13.67	0.50	15.93

Competitive Comparison of ZEB Nickel's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, ZEB Nickel'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.

ZEB Nickel's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

ZEB Nickel Effective Interest Rate on Debt % Calculation

ZEB Nickel's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.176	/	( (0.624	+	0.803)	/ 2 )
=	-1 * -0.176	/	0.7135
=	24.67 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.624	+	0
=	0.624

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.803
=	0.803

ZEB Nickel's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.16	/	( (0.812	+	1.197)	/ 2 )
=	-1 * -0.16	/	1.0045
=	15.93 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.812
=	0.812

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.197
=	1.197

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ZEB Nickel (TSXV:ZBNI) Effective Interest Rate on Debt % Explanation

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

ZEB Nickel Effective Interest Rate on Debt % Related Terms

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ZEB Nickel (TSXV:ZBNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ZEB Nickel Corp (TSXV:ZBNI) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

ZBNIF:USA

Address

4 King Street West, Suite 401, Toronto, ON, CAN, M5H 1B6

Website

ZEB Nickel Corp is a mineral exploration company. It controls the rights to the Zebediela Nickel Project located in the Limpopo Province in the Republic of South Africa.

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