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Gran Tierra Energy (Gran Tierra Energy) Effective Interest Rate on Debt % : 10.31% (As of Dec. 2023)


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What is Gran Tierra 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. Gran Tierra Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $61.4 Mil. Gran Tierra Energy's average total debt for the quarter that ended in Dec. 2023 was $595.8 Mil. Therefore, Gran Tierra Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.31%.


Gran Tierra Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Gran Tierra 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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Gran Tierra Energy Effective Interest Rate on Debt % Chart

Gran Tierra Energy 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 7.25 6.85 7.08 6.91 8.73

Gran Tierra 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 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 6.86 7.55 7.99 7.79 10.31

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

For the Oil & Gas E&P subindustry, Gran Tierra 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.


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

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

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



Gran Tierra Energy Effective Interest Rate on Debt % Calculation

Gran Tierra 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  *  -49.975/( (589.593+555.141)/ 2 )
=-1  *  -49.975/572.367
=8.73 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=589.593 + 0
=589.593

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=519.532 + 35.609
=555.141

Gran Tierra 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  *  -61.408/( (636.511+555.141)/ 2 )
=-1  *  -61.408/595.826
=10.31 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=587.444 + 49.067
=636.511

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=519.532 + 35.609
=555.141

* 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.


Gran Tierra Energy  (AMEX:GTE) Effective Interest Rate on Debt % Explanation

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


Gran Tierra Energy Effective Interest Rate on Debt % Related Terms

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Gran Tierra Energy (Gran Tierra Energy) Business Description

Industry
Traded in Other Exchanges
Address
500 Centre Street South East, Calgary, AB, CAN, T2G 1A6
Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties. The firm produces light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company derives its revenue from Colombia.
Executives
Ronald Royal director C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Phillip D Abraham officer: VP, Legal and Business Dev. GRAN TIERRA ENERGY INC., 500 CENTRE STREET SE, CALGARY Z4 A0 T2G 1A6
Robert G Will officer: Vice President, Asset Manager GRAN TIERRA ENERGY INC., 500 CENTRE STREET SE, CALGARY Z4 A0 T2G 1A6
Ryan Ellson officer: EVP and CFO C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Alison Redford director C/O GRAN TIERRA ENERGY INC., 900, 520 - 3 AVENUE SW, CALGARY Z4 T2P 0R3
Gmt Capital Corp 10 percent owner GMT CAPITAL CORP, 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH, ATLANTA GA 30339
Brooke N. Wade director 500-1195 WEST BROADWAY, VANCOUVER A1 V6H 3X5
Lawrence West officer: VP, Exploration C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Gary Guidry director, officer: President and CEO C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
David P Smith director C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Sondra Scott director C/O GRAN TIERRA ENERGY INC., 900, 520-3 AVENUE SW, CALGARY A0 T2P 0R3
Jim Evans officer: VP, Corporate Services C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Remi Anthony Berthelet officer: Chief Operating Officer C/O GRAN TIERRA ENERGY INC., 900, 520 - 3 AVENUE SW, CALGARY A0 T2P 0R3
Rodger Derrick Trimble officer: VP, Investor Relations C/O GRAN TIERRA ENERGY INC., 200, 150-13 AVENUE SW, CALGARY A0 T2R 0V2
Robert B. Hodgins director C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2