Icon Energy (Icon Energy) Effective Interest Rate on Debt % : 12.50% (As of Dec. 2023)

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What is Icon 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. Icon Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.03 Mil. Icon Energy's average total debt for the quarter that ended in Dec. 2023 was $0.27 Mil. Therefore, Icon Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.50%.

Icon Energy Effective Interest Rate on Debt % Historical Data

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

Icon Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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28.40

6.86

6.50

6.83

Icon Energy 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															5.13	4.40	6.90	7.58	12.50

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

For the Oil & Gas E&P subindustry, Icon 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.

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

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

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

Icon Energy Effective Interest Rate on Debt % Calculation

Icon Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.01	/	( (0.029	+	0.264)	/ 2 )
=	-1 * -0.01	/	0.1465
=	6.83 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.029
=	0.029

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.264	+	0
=	0.264

Icon 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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.034	/	( (0.264	+	0.28)	/ 2 )
=	-1 * -0.034	/	0.272
=	12.50 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.264	+	0
=	0.264

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.28	+	0
=	0.28

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.

Icon Energy (OTCPK:ICNOF) Effective Interest Rate on Debt % Explanation

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

Icon Energy Effective Interest Rate on Debt % Related Terms

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Icon Energy (Icon Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Icon Energy Ltd (OTCPK:ICNOF) » Definitions » Effective Interest Rate on Debt %

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ICN:Australia

Address

1301/1 Lake Orr Drive, Varsity Lakes, Lakeside 2 Bermuda Point, Gold Coast, QLD, AUS, 4227

Website

https://www.iconenergy.com

Icon Energy Ltd is an oil and gas exploration company. It is engaged in the exploration, acquisition, and development of oil and gas properties. The company's exploration activities are in the Cooper/Eromanga and Surat and Gippsland basins in Australia.