NEO Battery Materials (FRA:1BC) Effective Interest Rate on Debt % : 13.56% (As of Nov. 2023)

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What is NEO Battery Materials 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. NEO Battery Materials's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was €0.00 Mil. NEO Battery Materials's average total debt for the quarter that ended in Nov. 2023 was €0.03 Mil. Therefore, NEO Battery Materials's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 13.56%.

NEO Battery Materials Effective Interest Rate on Debt % Historical Data

The historical data trend for NEO Battery Materials'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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NEO Battery Materials Effective Interest Rate on Debt % Chart

NEO Battery Materials Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Effective Interest Rate on Debt %

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2.78

25.18

9.87

12.40

12.50

NEO Battery Materials Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	12.90	13.56

Competitive Comparison of NEO Battery Materials's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, NEO Battery Materials'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.

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

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

* The bar in red indicates where NEO Battery Materials's Effective Interest Rate on Debt % falls into.

NEO Battery Materials Effective Interest Rate on Debt % Calculation

NEO Battery Materials's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2022 )	+	Total Debt (A: Feb. 2023 ))	/ count )
=	-1 * -0.001	/	( (0.008	+	0)	/ 1 )
=	-1 * -0.001	/	0.008
=	12.50 %

where

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.008
=	0.008

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

NEO Battery Materials's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -0.004	/	( (0.031	+	0.028)	/ 2 )
=	-1 * -0.004	/	0.0295
=	13.56 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.015	+	0.016
=	0.031

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.011	+	0.017
=	0.028

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 (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

NEO Battery Materials (FRA:1BC) Effective Interest Rate on Debt % Explanation

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

NEO Battery Materials Effective Interest Rate on Debt % Related Terms

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NEO Battery Materials (FRA:1BC) Business Description

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NBMFF:USA NBM:Canada

Address

4711 Younge Street, 10th Floor, Toronto, ON, CAN, M2N 6K8

Website

https://www.neobatterymaterials.com

NEO Battery Materials Ltd is a junior resource company focused on battery metals exploration in North America. It currently has an interest in Golden, British Columbia, along with a strike with a quartzite bed. The company explores and produces silicon and provides improvements in capacity and efficiency over lithium-ion batteries using silicon and graphite in their anode materials. It intends to become an integrated silicon producer and anode materials supplier to the electric vehicle industry.

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