Vision Lithium (TSXV:VLI) Effective Interest Rate on Debt % : 7.84% (As of Feb. 2024)

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What is Vision 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. Vision Lithium's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$0.00 Mil. Vision Lithium's average total debt for the quarter that ended in Feb. 2024 was C$0.05 Mil. Therefore, Vision Lithium's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 7.84%.

Vision Lithium Effective Interest Rate on Debt % Historical Data

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

Vision Lithium Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

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2.91

5.45

3.96

1.18

Vision Lithium Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.41	6.11	11.03	6.72	7.84

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

For the Other Industrial Metals & Mining subindustry, Vision 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.

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

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

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

Vision Lithium Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -0.001	/	( (0.085	+	0.084)	/ 2 )
=	-1 * -0.001	/	0.0845
=	1.18 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.054	+	0.031
=	0.085

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.012	+	0.072
=	0.084

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -0.004	/	( (0.035	+	0.067)	/ 2 )
=	-1 * -0.004	/	0.051
=	7.84 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.003	+	0.032
=	0.035

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.033	+	0.034
=	0.067

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

Vision Lithium (TSXV:VLI) Effective Interest Rate on Debt % Explanation

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

Vision Lithium Effective Interest Rate on Debt % Related Terms

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Vision Lithium (TSXV:VLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vision Lithium Inc (TSXV:VLI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ABEPF:USA 1AJ2:Germany

Address

1019, Boulevard Des Pins, 2nd Floor, Val-d'OR, QC, CAN, J9P 4T2

Website

https://www.visionlithium.com

Vision Lithium Inc is a junior exploration company focused on exploring and developing high quality battery mineral assets including lithium and copper in safe jurisdictions, predominantly in Canada. The company's project includes Godslith Property, Cadillac, Sirmac Property, Dome Lemieux property, and others.

Executives

Nancy Lacoursiere

Senior Officer

Vision Lithium (TSXV:VLI) Headlines

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