Lida Resources (FRA:1CCA) Effective Interest Rate on Debt % : 10.96% (As of May. 2023)

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What is Lida Resources 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. Lida Resources's annualized positive value of Interest Expense for the quarter that ended in May. 2023 was €0.03 Mil. Lida Resources's average total debt for the quarter that ended in May. 2023 was €0.26 Mil. Therefore, Lida Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2023 was 10.96%.

Lida Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Lida Resources'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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Lida Resources Effective Interest Rate on Debt % Chart

Lida Resources Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Effective Interest Rate on Debt %

4.65

16.30

Lida Resources Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														14.00	16.04	11.55	12.65	10.96

Competitive Comparison of Lida Resources's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Lida Resources'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.

Lida Resources's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Lida Resources Effective Interest Rate on Debt % Calculation

Lida Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2021 )	+	Total Debt (A: Aug. 2022 ))	/ count )
=	-1 * -0.026	/	( (0.086	+	0.233)	/ 2 )
=	-1 * -0.026	/	0.1595
=	16.30 %

where

	Total Debt (A: Aug. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.086
=	0.086

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.233
=	0.233

Lida Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2023 )	+	Total Debt (Q: May. 2023 ))	/ count )
=	-1 * -0.028	/	( (0.254	+	0.257)	/ 2 )
=	-1 * -0.028	/	0.2555
=	10.96 %

where

	Total Debt (Q: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.254
=	0.254

	Total Debt (Q: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.257
=	0.257

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

Lida Resources (FRA:1CCA) Effective Interest Rate on Debt % Explanation

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

Lida Resources Effective Interest Rate on Debt % Related Terms

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Lida Resources (FRA:1CCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lida Resources Inc (FRA:1CCA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

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Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://lidaresources.minelife.org

Lida Resources Inc is a Canadian mineral exploration and development company focused on advancing the San Vincent deposit located a short drive from Trujillo, Peru. The Company also owns the Fruta del Sur deposit, with the potential to be one of Peru's most prolific mines.

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