US Energy (US Energy) Effective Interest Rate on Debt % : 10.74% (As of Dec. 2023)

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What is US Energy 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. US Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.00 Mil. US Energy's average total debt for the quarter that ended in Dec. 2023 was $9.32 Mil. Therefore, US Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.74%.

US Energy Effective Interest Rate on Debt % Historical Data

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

US Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.93

3.90

17.51

8.30

11.87

US Energy 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															7.46	8.28	8.96	9.52	10.74

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

For the Oil & Gas E&P subindustry, US Energy'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.

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

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

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

US Energy Effective Interest Rate on Debt % Calculation

US Energy'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 * -1.114	/	( (12.983	+	5.793)	/ 2 )
=	-1 * -1.114	/	9.388
=	11.87 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.794	+	0.189
=	12.983

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.611	+	0.182
=	5.793

US Energy'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 * -1	/	( (12.837	+	5.793)	/ 2 )
=	-1 * -1	/	9.315
=	10.74 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.658	+	0.179
=	12.837

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.611	+	0.182
=	5.793

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.

US Energy (NAS:USEG) Effective Interest Rate on Debt % Explanation

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

US Energy Effective Interest Rate on Debt % Related Terms

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US Energy (US Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » US Energy Corp (NAS:USEG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

UE22:Germany

Address

1616 S. Voss Rd., Suite 725, Houston, TX, USA, 77057

Website

https://www.usnrg.com

US Energy Corp is an independent energy company. It is focused on the acquisition and development of oil and natural gas-producing properties in the continental United States. It has business activities in South Texas and the Williston Basin in North Dakota. The company generates revenue from its interest in the sales of oil and natural gas production.

Executives

Randall D Keys	director	3 HICKORY SHADOWS DR, HOUSTON TX 77055
Mark L. Zajac	officer: Chief Financial Officer	70 SILVERMONT DR, THE WOODLANDS TX 77382
Wallis T Marsh	other: Member of 10% owner group	210 HERITAGE OAKS, HOUSTON TX 77024
King Oil & Gas Company, Inc.	other: Members of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Wdm Family Partnership, Lp	10 percent owner	210 HERITAGE OAKS LN, HOUSTON TX 77024
Katla Energy Holdings Llc	10 percent owner	1616 S VOSS RD, #530, HOUSTON TX 77057
Synergy Offshore Llc	10 percent owner, other: Member of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Benjamin Andrew Stamets	10 percent owner, other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Lubbock Energy Partners Llc	10 percent owner, other: Member of 10% owner group	1616 S. VOSS RD.,, STE 530, HOUSTON TX 77057
Lee Hightower	10 percent owner, other: Member of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Duane H King	director, 10 percent owner, other: Member of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Llano Energy Llc	other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Banner Oil & Gas, Llc	10 percent owner, other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Joshua Lane Batchelor	director, 10 percent owner, other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
John A Weinzierl	director, 10 percent owner, other: Member of 10% owner group	MEMORIAL RESOURCE DEVELOPMENT, LLC, 1301 MCKINNEY STREET, SUITE 2100, HOUSTON TX 77010