IberAmerican Lithium (FRA:W2C) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2024)

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What is IberAmerican 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. IberAmerican Lithium's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €0.01 Mil. IberAmerican Lithium's average total debt for the quarter that ended in Sep. 2024 was €0.00 Mil. Therefore, IberAmerican Lithium's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was N/A%.

IberAmerican Lithium Effective Interest Rate on Debt % Historical Data

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

IberAmerican Lithium Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

IberAmerican Lithium Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
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Competitive Comparison of IberAmerican Lithium's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, IberAmerican 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.

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

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

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

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IberAmerican Lithium Effective Interest Rate on Debt % Calculation

IberAmerican Lithium's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0.695	+	0)	/ 1 )
=	-1 * 0	/	0.695
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.695
=	0.695

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

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -0.008	/	( (0	+	0)	/ 1 )
=	-1 * -0.008	/	0
=	N/A %

where

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

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

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

IberAmerican Lithium (FRA:W2C) Effective Interest Rate on Debt % Explanation

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

IberAmerican Lithium Effective Interest Rate on Debt % Related Terms

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IberAmerican Lithium Business Description

Industry

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IBRLF:USA IBER:Canada

Address

365 Bay Street, Suite 800, Toronto, ON, CAN, M5H 2V1

Website

https://iberamericanlithium.com

IberAmerican Lithium Corp is engaged in the acquisition and exploration of mineral resource properties in Spain, namely its lithium exploration project beneficially owned and controlled by its subsidiary.

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