New Age Metals (FRA:P7J) Effective Interest Rate on Debt % : 10.53% (As of Jul. 2024)

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What is New Age Metals 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. New Age Metals's annualized positive value of Interest Expense for the quarter that ended in Jul. 2024 was €0.01 Mil. New Age Metals's average total debt for the quarter that ended in Jul. 2024 was €0.08 Mil. Therefore, New Age Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 was 10.53%.

New Age Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for New Age Metals'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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New Age Metals Effective Interest Rate on Debt % Chart

New Age Metals Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Effective Interest Rate on Debt %

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20.00

26.32

37.50

11.22

10.29

New Age Metals 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															12.50	8.74	9.30	10.00	10.53

Competitive Comparison of New Age Metals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, New Age Metals'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.

New Age Metals's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where New Age Metals's Effective Interest Rate on Debt % falls into.

New Age Metals Effective Interest Rate on Debt % Calculation

New Age Metals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2023 )	+	Total Debt (A: Apr. 2024 ))	/ count )
=	-1 * -0.009	/	( (0.098	+	0.077)	/ 2 )
=	-1 * -0.009	/	0.0875
=	10.29 %

where

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.078	+	0.02
=	0.098

	Total Debt (A: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.05	+	0.027
=	0.077

New Age Metals'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 * -0.008	/	( (0.077	+	0.075)	/ 2 )
=	-1 * -0.008	/	0.076
=	10.53 %

where

	Total Debt (Q: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.05	+	0.027
=	0.077

	Total Debt (Q: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.049	+	0.026
=	0.075

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.

New Age Metals (FRA:P7J) Effective Interest Rate on Debt % Explanation

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

New Age Metals Effective Interest Rate on Debt % Related Terms

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New Age Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Age Metals Inc (FRA:P7J) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

NMTLF:USA P7J:Germany NAM:Canada

Address

2148 West 38th Avenue, Suite 101, Vancouver, BC, CAN, V6M 1R9

Website

https://www.newagemetals.com

New Age Metals Inc is a green metal, mineral exploration and development company. The company has two divisions, each engaged in the process of acquiring, exploring, and developing Platinum Group Metal (PGM) and Lithium projects. Geographically, it operates in Canada and the USA, out of which the majority of its revenue is from Canada. Its project includes the palladium projects in North America - its flagship River Valley PGM Project (near Sudbury, Ontario), Genesis PGM-Cu-Ni Project (Alaska), and seven Lithium projects (Manitoba).

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