Nevada Lithium Resources (XCNQ:NVLH) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2024)

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What is Nevada Lithium Resources 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. Nevada Lithium Resources's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.00 Mil. Nevada Lithium Resources's average total debt for the quarter that ended in Jan. 2024 was C$0.00 Mil. Therefore, Nevada Lithium Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was N/A%.

Nevada Lithium Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Nevada Lithium Resources'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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Nevada Lithium Resources Effective Interest Rate on Debt % Chart

Nevada Lithium Resources Annual Data

Trend

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

5.53

Nevada Lithium Resources Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						14.33	10.03	36.00	-	-

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

For the Other Industrial Metals & Mining subindustry, Nevada Lithium Resources'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.

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

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

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

Nevada Lithium Resources Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -0.021	/	( (0	+	0.38)	/ 1 )
=	-1 * -0.021	/	0.38
=	5.53 %

where

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

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.38
=	0.38

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

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

Nevada Lithium Resources (XCNQ:NVLH) Effective Interest Rate on Debt % Explanation

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

Nevada Lithium Resources Effective Interest Rate on Debt % Related Terms

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Nevada Lithium Resources (XCNQ:NVLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Lithium Resources Inc (XCNQ:NVLH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

NVLHF:USA 87K:Germany

Address

1055 West Georgia Street, Suite 1500, Royal Centre, Po Box 11117, Vancouver, BC, CAN, V6E 4N7

Website

https://www.nvlithium.com

Nevada Lithium Resources Inc is in the business of the exploration and evaluation of mineral properties. Its project involves the Bonnie Claire Project is located within a flat-bottomed salt basin that is surrounded by a complete pattern of mountain ranges.

Executives

Marcel Boekhoorn

10% Security Holder

Nevada Lithium Resources (XCNQ:NVLH) Headlines

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