Premier1 Lithium (ASX:PLC) Effective Interest Rate on Debt % : 25.93% (As of Dec. 2024)

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What is Premier1 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. Premier1 Lithium's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was A$0.06 Mil. Premier1 Lithium's average total debt for the quarter that ended in Dec. 2024 was A$0.22 Mil. Therefore, Premier1 Lithium's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 25.93%.

Premier1 Lithium Effective Interest Rate on Debt % Historical Data

The historical data trend for Premier1 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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Premier1 Lithium Effective Interest Rate on Debt % Chart

Premier1 Lithium Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

10.89

9.91

15.49

Premier1 Lithium Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			12.12	19.30	30.45	27.48	25.93

Competitive Comparison of Premier1 Lithium's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Premier1 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.

Premier1 Lithium's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Premier1 Lithium's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Premier1 Lithium's Effective Interest Rate on Debt % falls into.

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Premier1 Lithium Effective Interest Rate on Debt % Calculation

Premier1 Lithium's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -0.071	/	( (0.551	+	0.366)	/ 2 )
=	-1 * -0.071	/	0.4585
=	15.49 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.064	+	0.487
=	0.551

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.366
=	0.366

Premier1 Lithium's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.056	/	( (0.366	+	0.066)	/ 2 )
=	-1 * -0.056	/	0.216
=	25.93 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.366
=	0.366

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.02	+	0.046
=	0.066

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

Premier1 Lithium (ASX:PLC) Effective Interest Rate on Debt % Explanation

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

Premier1 Lithium Effective Interest Rate on Debt % Related Terms

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Premier1 Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premier1 Lithium Ltd (ASX:PLC) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.premier1lithium.com.au

Premier1 Lithium Ltd is an lithium exploration company. The Group undertook technology R&D and mineral exploration of gold, nickel, lithium and other base metals in Australia during the period. The company has two operating segments: Exploration and evaluation and Corporate. Its project includes Abbotts North project in Western Australia, The Yalgoo and Yalgoo West project and Montague Project. Maximum revenue is gained through Exploration and Evaluation segment.