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Hess (HES) Effective Interest Rate on Debt % : 4.91% (As of Dec. 2023)


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What is Hess 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. Hess's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $464 Mil. Hess's average total debt for the quarter that ended in Dec. 2023 was $9,451 Mil. Therefore, Hess's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.91%.


Hess Effective Interest Rate on Debt % Historical Data

The historical data trend for Hess'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.

Hess Effective Interest Rate on Debt % Chart

Hess 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 5.20 5.50 5.28 5.39 5.10

Hess 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 5.44 5.36 5.28 5.04 4.91

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

For the Oil & Gas E&P subindustry, Hess'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.


Hess's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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



Hess Effective Interest Rate on Debt % Calculation

Hess'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  *  -478/( (9150+9598)/ 2 )
=-1  *  -478/9374
=5.10 %

where

Hess'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  *  -464/( (9303+9598)/ 2 )
=-1  *  -464/9450.5
=4.91 %

where

* 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.


Hess  (NYSE:HES) Effective Interest Rate on Debt % Explanation

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


Hess Effective Interest Rate on Debt % Related Terms

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Hess (HES) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hess Corp (NYSE:HES) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
1185 Avenue of the Americas, New York, NY, USA, 10036
Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 344 thousand barrels of oil equivalent per day in 2022, at a ratio of 72% oil and natural gas liquids and 28% natural gas.
Executives
Barbara J Lowery-yilmaz officer: Senior Vice President HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Andrew P Slentz officer: Senior Vice President 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Gregory P. Hill officer: Executive Vice President HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John P Rielly officer: Senior Vice President 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Richard D. Lynch officer: Senior Vice President HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Timothy B. Goodell director, officer: Executive Vice President HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Geurt G Schoonman officer: Senior Vice President HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John B Hess director, 10 percent owner, officer: Chairman of the Board and CEO C/O HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Lisa Glatch director EVOQUA WATER TECHNOLOGIES CORP., 210 SIXTH AVENUE, PITTSBURGH PA 15222
Raymond J Mcguire director 5 GIRALDA FARMS, MADISON NJ 07940
Marc S Lipschultz director C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 37TH FLOOR, NEW YORK NY 10022
Karyn F. Ovelmen director STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Michael R Turner officer: Senior Vice President HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Terrence J. Checki director HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Edith E Holiday director FRANKLIN RESOURCES INC, 901 MARINERS ISLAND BLVD 6TH FL, SAN MATEO CA 94404

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