LXENF (Lithium Energi Exploration) Effective Interest Rate on Debt %: 18.07% (As of Nov. 2024)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Lithium Energi Exploration Effective Interest Rate on Debt %?

Lithium Energi Exploration LXENF Effective Interest Rate on Debt % is 18.07% as of Nov. 2024.

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. Lithium Energi Exploration's annualized positive value of Interest Expense for the quarter that ended in Nov. 2024 was $0.89 Mil. Lithium Energi Exploration's average total debt for the quarter that ended in Nov. 2024 was $4.94 Mil. Therefore, Lithium Energi Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 was 18.07%.


Lithium Energi Exploration  (OTCPK:LXENF) Effective Interest Rate on Debt % Explanation

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


Lithium Energi Exploration Effective Interest Rate on Debt % Related Terms


Lithium Energi Exploration Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Lithium Energi Exploration'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.

Lithium Energi Exploration Effective Interest Rate on Debt % Chart

Lithium Energi Exploration Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.69 11.01 10.15 5.26 13.35

Lithium Energi Exploration Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.01 8.14 18.38 18.46 18.07

LXENF vs WOLV: Effective Interest Rate on Debt % Comparison

For the Other Industrial Metals & Mining subindustry, Lithium Energi Exploration'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.


Lithium Energi Exploration Effective Interest Rate on Debt % vs Metals & Mining Industry

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

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



Lithium Energi Exploration Effective Interest Rate on Debt % Calculation

Lithium Energi Exploration's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2023 )+Total Debt  (A: Feb. 2024 ))/ count )
=-1  *  -0.825/( (7.492+4.871)/ 2 )
=-1  *  -0.825/6.1815
=13.35 %

where

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Aug. 2024 )+Total Debt  (Q: Nov. 2024 ))/ count )
=-1  *  -0.892/( (4.956+4.916)/ 2 )
=-1  *  -0.892/4.936
=18.07 %

where

* 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.

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

What does a Effective Interest Rate on Debt % of 18.07% mean?
Lithium Energi Exploration (LXENF) has a Effective Interest Rate on Debt % of 18.07% as of Nov. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Lithium Energi Exploration and its competitors.
Is Lithium Energi Exploration's Effective Interest Rate on Debt % too high?
Lithium Energi Exploration's current Effective Interest Rate on Debt % is 18.07%.
How does Lithium Energi Exploration's Effective Interest Rate on Debt % compare to WOLV?
Lithium Energi Exploration's Effective Interest Rate on Debt % of 18.07% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Metals & Mining company?
A good Effective Interest Rate on Debt % depends on the Metals & Mining industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Lithium Energi Exploration and its competitors. Lithium Energi Exploration's current Effective Interest Rate on Debt % is 18.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lithium Energi Exploration stock overvalued right now?
Lithium Energi Exploration (LXENF) has a current Effective Interest Rate on Debt % of 18.07%. The current Effective Interest Rate on Debt % is 18.07%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Lithium Energi Exploration (LXENF), the current Effective Interest Rate on Debt % is 18.07% as of Nov. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Lithium Energi Exploration Business Description

Address 161 Bay Street, 27th Floor, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1
Lithium Energi Exploration Inc is a Canada-based exploration company. It is engaged in the acquisition, exploration, identification, and evaluation of assets in the lithium industry. The company mainly focuses on its portfolio of lithium properties. It holds an interest in the Laguna Caro Project, Antofalla North Project, and Antofalla South Project.