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. SM Energy Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $96 Mil. SM Energy Co's average total debt for the quarter that ended in Dec. 2023 was $1,575 Mil. Therefore, SM Energy Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.07%.
SM Energy Co Effective Interest Rate on Debt % Historical Data
The historical data trend for SM Energy Co'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.
For the Oil & Gas E&P subindustry, SM Energy Co'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.
SM Energy Co Effective Interest Rate on Debt % Distribution
For the Oil & Gas industry and Energy sector, SM Energy Co's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where SM Energy Co's Effective Interest Rate on Debt % falls into.
SM Energy Co Effective Interest Rate on Debt % Calculation
SM Energy Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
SM Energy Co (NYSE:SM) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
SM Energy Co Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of SM Energy Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.
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