Core Lithium (ASX:CXO) Effective Interest Rate on Debt % : 20.34% (As of Dec. 2023)

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What is Core 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. Core Lithium's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$2.9 Mil. Core Lithium's average total debt for the quarter that ended in Dec. 2023 was A$14.3 Mil. Therefore, Core Lithium's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 20.34%.

Core Lithium Effective Interest Rate on Debt % Historical Data

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

Core Lithium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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4.17

0.90

9.05

10.01

Core Lithium Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	15.32	5.57	17.48	20.34

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

For the Other Industrial Metals & Mining subindustry, Core 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.

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

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

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

Core Lithium Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -1.253	/	( (2.086	+	22.944)	/ 2 )
=	-1 * -1.253	/	12.515
=	10.01 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.897	+	1.189
=	2.086

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.483	+	3.461
=	22.944

Core Lithium'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -2.902	/	( (22.944	+	5.587)	/ 2 )
=	-1 * -2.902	/	14.2655
=	20.34 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.483	+	3.461
=	22.944

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.314	+	2.273
=	5.587

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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Core Lithium (ASX:CXO) Effective Interest Rate on Debt % Explanation

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

Core Lithium Effective Interest Rate on Debt % Related Terms

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Core Lithium (ASX:CXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Core Lithium Ltd (ASX:CXO) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

CXOXF:USA 7CX:Germany

Address

2 Mill Street, Level 9, Perth, WA, AUS, 6000

Website

https://www.corelithium.com.au

Core Lithium Ltd is a lithium exploration company. The company is engaged in the exploration of lithium, and copper deposits in the Northern Territory and South Australia. Its projects include Finniss Lithium Project, and copper, zinc, and lead projects. Its segment includes Finniss Lithium Project mining, crushing and processing operations and Exploration: exploration and evaluation of primarily Lithium mineralisation. It generates majority of its revenue from Finniss Lithium Project operations segment.