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Genesis Energy LP (Genesis Energy LP) Effective Interest Rate on Debt % : 6.32% (As of Dec. 2023)


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What is Genesis Energy LP 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. Genesis Energy LP's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $232 Mil. Genesis Energy LP's average total debt for the quarter that ended in Dec. 2023 was $3,678 Mil. Therefore, Genesis Energy LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.32%.


Genesis Energy LP Effective Interest Rate on Debt % Historical Data

The historical data trend for Genesis Energy LP'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.

* Premium members only.

Genesis Energy LP Effective Interest Rate on Debt % Chart

Genesis Energy LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.40 6.15 7.33 6.76 6.52

Genesis Energy LP 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 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 6.46 6.69 6.71 6.63 6.32

Competitive Comparison of Genesis Energy LP's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, Genesis Energy LP'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.


Genesis Energy LP's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Genesis Energy LP's Effective Interest Rate on Debt % distribution charts can be found below:

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



Genesis Energy LP Effective Interest Rate on Debt % Calculation

Genesis Energy LP'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  *  -235.12/( (3464.154+3752.847)/ 2 )
=-1  *  -235.12/3608.5005
=6.52 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3464.154 + 0
=3464.154

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3752.847 + 0
=3752.847

Genesis Energy LP'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  *  -232.384/( (3604.106+3752.847)/ 2 )
=-1  *  -232.384/3678.4765
=6.32 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3604.106 + 0
=3604.106

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3752.847 + 0
=3752.847

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


Genesis Energy LP  (NYSE:GEL) Effective Interest Rate on Debt % Explanation

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


Genesis Energy LP Effective Interest Rate on Debt % Related Terms

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Genesis Energy LP (Genesis Energy LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Genesis Energy LP (NYSE:GEL) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
811 Louisiana, Suite 1200, Houston, TX, USA, 77002
Genesis Energy LP is an us-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment. The Sodium minerals and sulfur services segment includes trona and trona-based exploring, mining, processing, producing, marketing, and selling activities, as well as processing high sulfur gas streams for refineries to remove the sulfur, and selling the related by-product.
Executives
Jeffrey J Rasmussen officer: VP & GM - Refinery Services 811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
Edward T Flynn officer: President, Genesis Alkali, LLC 1735 MARKET STREET, PHILADELPHIA PA 19103
Ryan S Sims officer: Vice President 919 MILAM SUITE 2100, HOUSTON TX 77002
William W Rainsberger officer: SVP - Offshore 919 MILAM SUITE 2100, HOUSTON TX 77002
Scott A Sims officer: VP - Offshore 811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
Louis V Nicol officer: SVP & Chief Accounting Officer 811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
James E Davison director 2000 FARMERVILLE HIGHWAY, RUSTON LA 71270
Grant E Sims director, officer: Chief Executive Officer 919 MILAM SUITE 2100, HOUSTON TX 77002
Garland G Gaspard officer: Vice President 919 MILAM SUITE 2100, HOUSTON TX 77002
William Stanton Goloway officer: Vice President 919 MILAM SUITE 2100, HOUSTON TX 77002
Albert Conrad P director 919 MILAM SUITE 2100, HOUSTON TX 77002
Kristen O Jesulaitis officer: General Counsel & Secretary 919 MILAM SUITE 2100, HOUSTON TX 77002
Davison James E. Jr. director 500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Richard R Alexander officer: Vice President 919 MILAM SUITE 2100, HOUSTON TX 77002
Sharilyn S Gasaway director ONE ALLIED DRIVE, LITTLE ROCK AR 72202