Grit Metals (TSXV:FIN) Effective Interest Rate on Debt % : 0.00% (As of Nov. 2024)

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What is Grit 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. Grit Metals's annualized positive value of Interest Expense for the quarter that ended in Nov. 2024 was C$0.00 Mil. Grit Metals's average total debt for the quarter that ended in Nov. 2024 was C$0.00 Mil. Therefore, Grit Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 was N/A%.

Grit Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Grit 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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Grit Metals Effective Interest Rate on Debt % Chart

Grit Metals Annual Data

Trend

May21

May22

May23

May24

Effective Interest Rate on Debt %

Grit Metals Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
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Competitive Comparison of Grit Metals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Grit 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.

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

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

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

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Grit Metals Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2023 )	+	Total Debt (A: May. 2024 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

Grit Metals'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	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

Grit Metals (TSXV:FIN) Effective Interest Rate on Debt % Explanation

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

Grit Metals Effective Interest Rate on Debt % Related Terms

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Grit Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grit Metals Corp (TSXV:FIN) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

EUEMF:USA K9T:Germany

Address

503 - 905 West Pender Street, Vancouver, BC, CAN, V6C 1L6

Website

https://www.europeanenergymetals.com

Grit Metals Corp is a junior mining company currently focussed on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy-independent laws and policies. Its key component is access to REE and, specifically, lithium. The company's exploration licenses are located within the Keliber mine and production complex, currently under construction and expected to begin production in H2 2025.

Executives

Luigi Gino Demichele	10% Security Holder, Director
Christos Doulis	Director

Grit Metals Headlines

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