BRVVF (Quantum Battery Metals Co) Effective Interest Rate on Debt % : 6.93% (As of Jul. 2024)

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What is Quantum Battery Metals Co 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. Quantum Battery Metals Co's annualized positive value of Interest Expense for the quarter that ended in Jul. 2024 was $0.04 Mil. Quantum Battery Metals Co's average total debt for the quarter that ended in Jul. 2024 was $0.52 Mil. Therefore, Quantum Battery Metals Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 was 6.93%.

Quantum Battery Metals Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Quantum Battery Metals Co'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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Quantum Battery Metals Co Effective Interest Rate on Debt % Chart

Quantum Battery Metals Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Effective Interest Rate on Debt %

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7.57

5.00

5.42

4.33

5.91

Quantum Battery Metals Co Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.18	6.21	6.54	6.19	6.93

Competitive Comparison of Quantum Battery Metals Co's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Quantum Battery Metals Co'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.

Quantum Battery Metals Co's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Quantum Battery Metals Co's Effective Interest Rate on Debt % falls into.

Quantum Battery Metals Co Effective Interest Rate on Debt % Calculation

Quantum Battery Metals Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2023 )	+	Total Debt (A: Jan. 2024 ))	/ count )
=	-1 * -0.025	/	( (0.328	+	0.518)	/ 2 )
=	-1 * -0.025	/	0.423
=	5.91 %

where

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.328
=	0.328

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.518
=	0.518

Quantum Battery Metals Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2024 )	+	Total Debt (Q: Jul. 2024 ))	/ count )
=	-1 * -0.036	/	( (0.516	+	0.523)	/ 2 )
=	-1 * -0.036	/	0.5195
=	6.93 %

where

	Total Debt (Q: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.516
=	0.516

	Total Debt (Q: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.523
=	0.523

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

Quantum Battery Metals Co (OTCPK:BRVVF) Effective Interest Rate on Debt % Explanation

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

Quantum Battery Metals Co Effective Interest Rate on Debt % Related Terms

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Quantum Battery Metals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quantum Battery Metals Co (OTCPK:BRVVF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

23B:Germany QBAT:Canada

Address

837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6

Website

https://www.quantumbatterymetals.com

Quantum Battery Metals Co is a mineral exploration company in Canada. It is currently in the process of identifying, exploring, and developing mineral properties. The projects of the company include the Kelso Lithium Property, Nipissing Lorrain Cobalt Property, Kahuna Cobalt, Albanel Lithium Property, Property Rabbit Cobalt Property, Lac Mistumis Lithium Property, and Rose West Lithium Property.