POWR Lithium (XCNQ:POWR) Effective Interest Rate on Debt % : 0.00% (As of Feb. 2024)

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

POWR Lithium Effective Interest Rate on Debt % Historical Data

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

POWR Lithium Annual Data

Trend

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

3.85

7.69

POWR Lithium Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							-	-	-	-	-

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

For the Other Industrial Metals & Mining subindustry, POWR 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.

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

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

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

POWR Lithium Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -0.002	/	( (0.026	+	0)	/ 1 )
=	-1 * -0.002	/	0.026
=	7.69 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.026
=	0.026

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

POWR 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	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

POWR Lithium (XCNQ:POWR) Effective Interest Rate on Debt % Explanation

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

POWR Lithium Effective Interest Rate on Debt % Related Terms

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POWR Lithium (XCNQ:POWR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PWRLF:USA 6JX:Germany

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.powrlithium.com

POWR Lithium Corp is a new mineral exploration and development company focused on American lithium deposits to support domestic demand. It is predominantly engaged in the business of mineral exploration and the development of the ELi Property and the Halo Project.

POWR Lithium (XCNQ:POWR) Headlines

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