Ameriwest Lithium (XCNQ:AWLI) Effective Interest Rate on Debt % : 50.91% (As of Jan. 2024)

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What is Ameriwest 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. Ameriwest Lithium's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.06 Mil. Ameriwest Lithium's average total debt for the quarter that ended in Jan. 2024 was C$0.11 Mil. Therefore, Ameriwest Lithium's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 50.91%.

Ameriwest Lithium Effective Interest Rate on Debt % Historical Data

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

Ameriwest Lithium Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

0.63

1.46

Ameriwest Lithium Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.33	7.59	-	-	50.91

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

For the Other Industrial Metals & Mining subindustry, Ameriwest 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.

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

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

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

Ameriwest Lithium Effective Interest Rate on Debt % Calculation

Ameriwest Lithium'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 * -0.01	/	( (1.11	+	0.261)	/ 2 )
=	-1 * -0.01	/	0.6855
=	1.46 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.097	+	0.013
=	1.11

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.255	+	0.006
=	0.261

Ameriwest Lithium'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 * -0.056	/	( (0	+	0.11)	/ 1 )
=	-1 * -0.056	/	0.11
=	50.91 %

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
=	0.084	+	0.026
=	0.11

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.

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

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

Ameriwest Lithium Effective Interest Rate on Debt % Related Terms

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Ameriwest Lithium (XCNQ:AWLI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AWLIF:USA 5HV0:Germany

Address

1110 Hamilton Street, Suite 306, Vancouver, BC, CAN, V6B 2S2

Website

https://www.ameriwestlithium.com

Ameriwest Lithium Inc is a junior mining company with a focus on identifying and evaluating mineral resource projects for further exploration and future development. The company portfolio includes Koster Dam Property, Canada; Thunderbird Property, Canada; Quet & Fire Property, Canada; ESN Property, USA; Deer Musk East Property, USA; Railroad Valley Property, USA; Edwards Creek Valley Property, USA and Thompson Valley Property, USA. The company operates in one reportable operating segment, the acquisition, exploration, and development of mineral properties. It operates in Canada and the United States.

Executives

Zygmunt Stanislaw Hancyk

Director

Ameriwest Lithium (XCNQ:AWLI) Headlines

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