Volta Metals (XCNQ:VLTA) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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

Volta Metals Effective Interest Rate on Debt % Historical Data

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

Volta Metals Annual Data

Trend

Dec22

Dec23

Effective Interest Rate on Debt %

5.33

Volta Metals Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			15.69	-	-	-	-

Competitive Comparison of Volta Metals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Volta 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.

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

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

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

Volta Metals Effective Interest Rate on Debt % Calculation

Volta Metals'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 * -0.004	/	( (0.075	+	0)	/ 1 )
=	-1 * -0.004	/	0.075
=	5.33 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.075
=	0.075

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

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

where

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

	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.

Volta Metals (XCNQ:VLTA) Effective Interest Rate on Debt % Explanation

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

Volta Metals Effective Interest Rate on Debt % Related Terms

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Volta Metals (XCNQ:VLTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volta Metals Ltd (XCNQ:VLTA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

D0W:Germany

Address

390 Bay Street, Suite 700a, Toronto, ON, CAN, M5H 2Y2

Website

https://www.voltametals.ca

Volta Metals Ltd is a mineral exploration company focused on lithium, cesium and tantalum exploration in Canada, and led by a group of mining professionals. It is currently exploring a critical minerals portfolio of lithium, cesium and tantalum projects in northwestern Ontario, which is considered to be one of the more prolific emerging hard-rock lithium districts globally. The company's projects include Flacon west project, Root Project, White Lights Project, Kim Lake & Store Lake Project, Junior Lake Project, and Crescent Lake Project.

Executives

Kerem Usenmez

Senior Officer