Geospace Technologies (Geospace Technologies) Effective Interest Rate on Debt % : 30.50% (As of Dec. 2023)

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What is Geospace Technologies 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. Geospace Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.2 Mil. Geospace Technologies's average total debt for the quarter that ended in Dec. 2023 was $0.7 Mil. Therefore, Geospace Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 30.50%.

Geospace Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Geospace Technologies'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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Geospace Technologies Effective Interest Rate on Debt % Chart

Geospace Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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5.79

15.06

Geospace Technologies 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															15.95	16.88	10.13	16.95	30.50

Competitive Comparison of Geospace Technologies's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Geospace Technologies'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.

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

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

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

Geospace Technologies Effective Interest Rate on Debt % Calculation

Geospace Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.134	/	( (1.01	+	0.769)	/ 2 )
=	-1 * -0.134	/	0.8895
=	15.06 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.769	+	0.241
=	1.01

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.512	+	0.257
=	0.769

Geospace Technologies'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 * -0.224	/	( (0.769	+	0.7)	/ 2 )
=	-1 * -0.224	/	0.7345
=	30.50 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.512	+	0.257
=	0.769

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.439	+	0.261
=	0.7

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.

Geospace Technologies (NAS:GEOS) Effective Interest Rate on Debt % Explanation

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

Geospace Technologies Effective Interest Rate on Debt % Related Terms

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Geospace Technologies (Geospace Technologies) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

7007 Pinemont Drive, Houston, TX, USA, 77040-6601

Website

https://www.geospace.com

Geospace Technologies Corp is engaged in designing and manufacturing of seismic instruments and non-seismic equipment used in the oil and gas industry. The company has three different segments: oil and gas markets, adjacent markets, and emerging markets. The oil and gas markets segment, which accounts for the majority of the company's revenue, includes traditional exploration products, wireless exploration products, and reservoir characterization products and services. The adjacent markets business is closely tied to the oil and gas markets and includes imaging products and industrial products. The company operates globally across Asia, Canada, Europe, South America and others with more than half of revenue generated within the United States.

Executives

Gary D Owens	director, officer: President & CEO	7007 PINEMONT DRIVE, HOUSTON TX 77040
Walter R. Wheeler	officer: Executive Vice President	7007 PINEMONT DRIVE, HOUSTON TX 77040
Robbin B. Adams	officer: Executive Vice President	7007 PINEMONT DRIVE, HOUSTON TX 77040
Margaret Ashworth	director	6212 PARKHILL DRIVE, ALEXANDRIA VA 22312
Kenneth Asbury	director	1100 N. GLEBE ROAD, ARLINGTON VA 22201
Tina M Langtry	director	3211 CANYON LINKS DRIVE, KATY TX 77450
Thomas L Davis	director	COLORADO SCHOOL OF MINES-DEPT. OF GEOPHY, 1500 ILLINOISE STREET, GOLDEN CO 80401-1887
William H Moody	director	2309 BIRKDALE LANE, KERRVILLE TX 78028
Richard F Miles	director	7007 PINEMONT DRIVE, HOUSTON TX 77040
Robert L. Curda	officer: Chief Financial Officer	7007 PINEMONT, HOUSTON TX 77040
Giesinger Edgar R. Jr.	director	1915 SANDGATE FALLS, HOUSTON TX 77062
Lacey Rice	officer: Vice President	2527 BUFFALO TRAIL, SUGAR LAND TX 77479
Thomas T Mcentire	officer: Chief Financial Officer	7334 N GESSNER ROAD, HOUSTON TX 77040
Michael J Sheen	director, officer: SVP & Chief Technical Officer	7007 PINEMONT DRIVE, HOUSTON TX 77040
Takashi Kanemori	director, 10 percent owner	OYO CORPORATION, 2-6 KUDAN-KITA 4-CHOME, CHIYODA-KU, TOKYO M0 102-0073