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Giyani Metals (TSXV:EMM) Effective Interest Rate on Debt % : 21.60% (As of Jun. 2024)


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What is Giyani 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. Giyani Metals's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was C$1.24 Mil. Giyani Metals's average total debt for the quarter that ended in Jun. 2024 was C$5.76 Mil. Therefore, Giyani Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 21.60%.


Giyani Metals Effective Interest Rate on Debt % Historical Data

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

Giyani Metals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
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Giyani Metals Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 8.51 - 189.35 1,435.62 21.60

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

For the Other Industrial Metals & Mining subindustry, Giyani 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.


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

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

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



Giyani Metals Effective Interest Rate on Debt % Calculation

Giyani 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/( (0.034+0.079)/ 2 )
=-1  *  0/0.0565
=0.00 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.03 + 0.049
=0.079

Giyani Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -1.244/( (0.067+11.453)/ 2 )
=-1  *  -1.244/5.76
=21.60 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.017 + 0.05
=0.067

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.401 + 0.052
=11.453

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


Giyani Metals  (TSXV:EMM) Effective Interest Rate on Debt % Explanation

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


Giyani Metals Effective Interest Rate on Debt % Related Terms

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Giyani Metals Business Description

Traded in Other Exchanges
Address
2010 Winston Park Drive, 2nd Floor, Oakville, ON, CAN, L6H 5R7
Giyani Metals Corp is a Canadian battery metals company. The company has two operating segments: Botswana Battery Metals Project for the exploration, evaluation and development of its battery-grade manganese assets located in Botswana and the demonstration plant under construction in South Africa and Corporate which includes all other entities within the Company. The company is currently developing a portfolio of high quality manganese oxide assets within the Kanye Basin, located in south-eastern Botswana, Africa including its flagship K.Hill project.
Executives
Eugene Lee Senior Officer
Derk Hartman Senior Officer
George William Gareth Donne Senior Officer
John Petersen Director
Robin Jonathan Eckford Birchall Director, Senior Officer
Duane Parnham Issuer