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PHX Energy Services (PHX Energy Services) Effective Interest Rate on Debt % : 7.93% (As of Dec. 2023)


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What is PHX Energy Services 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. PHX Energy Services's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $3.0 Mil. PHX Energy Services's average total debt for the quarter that ended in Dec. 2023 was $37.5 Mil. Therefore, PHX Energy Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.93%.

PHX Energy Services Effective Interest Rate on Debt % Historical Data

The historical data trend for PHX Energy Services'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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PHX Energy Services Effective Interest Rate on Debt % Chart

PHX Energy Services 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 8.50 5.96 6.99 6.75 8.77

PHX Energy Services 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 6.59 7.52 3.39 7.45 7.93

Competitive Comparison of PHX Energy Services's Effective Interest Rate on Debt %

For the Oil & Gas Drilling subindustry, PHX Energy Services'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.

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

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

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


PHX Energy Services Effective Interest Rate on Debt % Calculation

PHX Energy Services'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  *  -3.479/( (45.938+33.371)/ 2 )
=-1  *  -3.479/39.6545
=8.77 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=43.798 + 2.14
=45.938

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.96 + 2.411
=33.371

PHX Energy Services'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  *  -2.976/( (41.713+33.371)/ 2 )
=-1  *  -2.976/37.542
=7.93 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=39.326 + 2.387
=41.713

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.96 + 2.411
=33.371

* 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.

PHX Energy Services  (OTCPK:PHXHF) Effective Interest Rate on Debt % Explanation

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

PHX Energy Services Effective Interest Rate on Debt % Related Terms

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PHX Energy Services (PHX Energy Services) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Energy Services Corp (OTCPK:PHXHF) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
PHX:Canada
Address
250-2nd Street South West, Suite 1400, Calgary, AB, CAN, T2P 0C1
Website
https://www.phxtech.com
PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the us. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. The Corporation also operates in the Middle East regions through an arrangement with National Energy Services Reunited Corp.