Gratomic (Gratomic) Effective Interest Rate on Debt % : 1.20% (As of Dec. 2023)

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What is Gratomic 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. Gratomic's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.01 Mil. Gratomic's average total debt for the quarter that ended in Dec. 2023 was $0.67 Mil. Therefore, Gratomic's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.20%.

Gratomic Effective Interest Rate on Debt % Historical Data

The historical data trend for Gratomic'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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Gratomic Effective Interest Rate on Debt % Chart

Gratomic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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35.78

1.06

Gratomic Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	4.52	1.20

Competitive Comparison of Gratomic's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Gratomic'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.

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

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

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

Gratomic Effective Interest Rate on Debt % Calculation

Gratomic'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 * -0.006	/	( (0.346	+	0.789)	/ 2 )
=	-1 * -0.006	/	0.5675
=	1.06 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.346
=	0.346

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.789
=	0.789

Gratomic's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.008	/	( (0.545	+	0.789)	/ 2 )
=	-1 * -0.008	/	0.667
=	1.20 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.545
=	0.545

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.789
=	0.789

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Gratomic (OTCPK:CBULF) Effective Interest Rate on Debt % Explanation

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

Gratomic Effective Interest Rate on Debt % Related Terms

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Gratomic (Gratomic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gratomic Inc (OTCPK:CBULF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

CB82:Germany GRAT:Canada

Address

22 Adelaide Street West, Suite 3600, Toronto, ON, CAN, M5H 4E3

Website

https://www.gratomic.ca

Gratomic Inc is an advanced materials company. It is focused on low-cost mine-to-market commercialization of carbon-neutral, eco-friendly, high-purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. The company is in the process of solidifying its plans for the micronization, spheronization, and coating of its Aukam vein graphite. The company is engaged in the acquisition and exploration of assets located primarily in Canada and Namibia. It has one segment which is the acquisition, exploration and development of mineral properties.