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United Energy Group (HKSE:00467) Effective Interest Rate on Debt % : 9.32% (As of Dec. 2023)


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What is United Energy Group 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. United Energy Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$300 Mil. United Energy Group's average total debt for the quarter that ended in Dec. 2023 was HK$3,218 Mil. Therefore, United Energy Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.32%.

United Energy Group Effective Interest Rate on Debt % Historical Data

The historical data trend for United Energy Group'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.

* Premium members only.

United Energy Group Effective Interest Rate on Debt % Chart

United Energy Group 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 16.13 5.95 5.03 8.86 8.50

United Energy Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 5.24 6.97 10.32 8.04 9.32

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

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

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

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

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


United Energy Group Effective Interest Rate on Debt % Calculation

United Energy Group'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  *  -293.634/( (3812.528+3098.416)/ 2 )
=-1  *  -293.634/3455.472
=8.50 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1755.585 + 2056.943
=3812.528

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2587.251 + 511.165
=3098.416

United Energy Group'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: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -299.95/( (3336.944+3098.416)/ 2 )
=-1  *  -299.95/3217.68
=9.32 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2745.742 + 591.202
=3336.944

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2587.251 + 511.165
=3098.416

* 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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

United Energy Group  (HKSE:00467) Effective Interest Rate on Debt % Explanation

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

United Energy Group Effective Interest Rate on Debt % Related Terms

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United Energy Group (HKSE:00467) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Energy Group Ltd (HKSE:00467) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:01101 HKSE:01555 HKSE:03395 HKSE:02012 HKSE:00632 COP HKSE:00883 TSX:CNQ EOG PXD OXY HES MIC:NVTK FANG ASX:WDS DVN CTRA TSE:1605 EQT TSX:TOU
Traded in Other Exchanges
UNEGF:USA 1UEN:Germany
Address
Two Pacific Place, 88 Queensway, Admiralty, Suite 2505, 25th Floor, Hong Kong, HKG
Website
http://www.uegl.com.hk
United Energy Group Ltd is principally engaged in the investment and operation of upstream oil, natural gas, and other energy-related businesses. Geographically, the firm has operational footprints in Pakistan, Singapore, Egypt, and Iraq. Though the company generates majority of its revenue in Pakistan, Its oil and natural gas resources are the primary sources of revenue.
Executives
He Fu International Limited 2101 Beneficial owner
Huilan Investment Limited 2201 Interest of corporation controlled by you
Ming Ze Dong Fang Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Dong Fang Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Zhang Hong Wei 2201 Interest of corporation controlled by you
Dong Fang Ji Tuan Chan Ye Fa Zhan You Xian Gong Si 2201 Interest of corporation controlled by you
United Petroleum & Natural Gas Holdings Limited 2101 Beneficial owner
United Energy Holdings Limited 2101 Beneficial owner
Million Fortune Enterprises Limited 2201 Interest of corporation controlled by you
Bei Jing Qing Long Hu Jia He Qi Ye Guan Li You Xian Gong Si 2101 Beneficial owner
Dong Fang Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Dong Fang Ji Tuan Liang You Shi Pin You Xian Gong Si 2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd. 2201 Interest of corporation controlled by you
Haitong International Securities Group Limited 2201 Interest of corporation controlled by you
Haitong International Holdings Limited 2201 Interest of corporation controlled by you

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