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Lithium Energi Exploration (TSXV:LEXI) Effective Interest Rate on Debt % : 18.46% (As of Aug. 2024)


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What is Lithium Energi Exploration 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. Lithium Energi Exploration's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was C$1.24 Mil. Lithium Energi Exploration's average total debt for the quarter that ended in Aug. 2024 was C$6.72 Mil. Therefore, Lithium Energi Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 18.46%.


Lithium Energi Exploration Effective Interest Rate on Debt % Historical Data

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.

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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 5.72 10.77 10.15 5.40 13.38

Lithium Energi Exploration Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 24.42 24.23 8.09 18.48 18.46

Competitive Comparison of Lithium Energi Exploration's Effective Interest Rate on Debt %

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's Effective Interest Rate on Debt % Distribution in the 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  *  -1.114/( (10.08+6.576)/ 2 )
=-1  *  -1.114/8.328
=13.38 %

where

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2024 )+Total Debt  (Q: Aug. 2024 ))/ count )
=-1  *  -1.24/( (6.67+6.768)/ 2 )
=-1  *  -1.24/6.719
=18.46 %

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


Lithium Energi Exploration  (TSXV:LEXI) 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

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Lithium Energi Exploration Business Description

Traded in Other Exchanges
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.

Lithium Energi Exploration Headlines

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