Eurobattery Minerals (NGM:BAT) Effective Interest Rate on Debt % : 11.62% (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Eurobattery Minerals 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. Eurobattery Minerals's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr1.67 Mil. Eurobattery Minerals's average total debt for the quarter that ended in Mar. 2024 was kr14.35 Mil. Therefore, Eurobattery Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.62%.

Eurobattery Minerals Effective Interest Rate on Debt % Historical Data

The historical data trend for Eurobattery Minerals'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.

* Premium members only.

Eurobattery Minerals Effective Interest Rate on Debt % Chart

Eurobattery Minerals Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

17.55

9.25

Eurobattery Minerals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.13	-	-	-	11.62

Competitive Comparison of Eurobattery Minerals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Eurobattery Minerals'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.

Eurobattery Minerals's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Eurobattery Minerals Effective Interest Rate on Debt % Calculation

Eurobattery Minerals'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 * -1.496	/	( (18	+	14.35)	/ 2 )
=	-1 * -1.496	/	16.175
=	9.25 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	18
=	18

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	14.35
=	14.35

Eurobattery Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -1.668	/	( (14.35	+	0)	/ 1 )
=	-1 * -1.668	/	14.35
=	11.62 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	14.35
=	14.35

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

Eurobattery Minerals (NGM:BAT) Effective Interest Rate on Debt % Explanation

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

Eurobattery Minerals Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Eurobattery Minerals's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Eurobattery Minerals (NGM:BAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eurobattery Minerals (NGM:BAT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

EBM:Germany

Address

Strandvagen 7A, Stockholm, SWE, 114 56

Website

https://www.eurobatteryminerals.com

Eurobattery Minerals is a Swedish mining company. It has focused on the exploration and development of nickel-cobalt-copper projects in Europe to supply mined raw materials to the battery industry and electric vehicle market.

Eurobattery Minerals (NGM:BAT) Headlines

No Headlines