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ProPetro Holding (ProPetro Holding) Effective Interest Rate on Debt % : 5.07% (As of Mar. 2024)


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What is ProPetro Holding 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. ProPetro Holding's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $8 Mil. ProPetro Holding's average total debt for the quarter that ended in Mar. 2024 was $160 Mil. Therefore, ProPetro Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.07%.


ProPetro Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for ProPetro Holding'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.

ProPetro Holding Effective Interest Rate on Debt % Chart

ProPetro Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 7.00 3.54 97.08 9.55 5.84

ProPetro Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.87 9.41 5.97 7.65 5.07

Competitive Comparison of ProPetro Holding's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, ProPetro Holding'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.


ProPetro Holding's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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



ProPetro Holding Effective Interest Rate on Debt % Calculation

ProPetro Holding'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  *  -5.308/( (33.162+148.578)/ 2 )
=-1  *  -5.308/90.87
=5.84 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=32.308 + 0.854
=33.162

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=114.486 + 34.092
=148.578

ProPetro Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -8.116/( (148.578+171.81)/ 2 )
=-1  *  -8.116/160.194
=5.07 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=114.486 + 34.092
=148.578

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=127.897 + 43.913
=171.81

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


ProPetro Holding  (NYSE:PUMP) Effective Interest Rate on Debt % Explanation

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


ProPetro Holding Effective Interest Rate on Debt % Related Terms

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ProPetro Holding (ProPetro Holding) Business Description

Industry
Traded in Other Exchanges
Address
1706 South Midkiff, Midland, TX, USA, 79701
ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing, wireline, and other complementary services to oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. The company focused on Permian Basin. The operating segment of the company are Hydraulic Fracturing, Cementing, Coiled Tubing, drilling and flowback.
Executives
Michele Vion Choka director 4140 DUBLIN BLVD, SUITE 400, DUBLIN CA 94568
Phillip A Gobe director, officer: Executive Chairman 777 HIDDEN RIDGE, IRVING TX 75038
Elo Omavuezi officer: Chief Accounting Officer 1706 S. MIDKIFF ROAD, MIDLAND TX 79701
Adam Munoz officer: Senior VP of Operations 1706 S. MIDKIFF ROAD, MIDLAND TX 79701
G Larry Lawrence director C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
David Scott Schorlemer officer: Chief Financial Officer 16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Mary P Ricciardello director 2925 BRIARPARK, SUITE 1050, HOUSTON TX 77042
John J Mitchell officer: Gen. Counsel & Corp. Secretary 1706 S. MIDKIFF, MIDLAND TX 79701
Armour Spencer D Iii director 400 W. ILLINOIS, SUITE 800, MIDLAND TX 79701
Wilson Newton W Iii officer: Gen. Counsel & Corp. Secretary C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Samuel D Sledge officer: Chief Strategy & Admin Officer 1706 S. MIDKIFF ROAD, MIDLAND TX 79701
Mark Stephen Berg director 777 HIDDEN RIDGE, IRVING TX 75038
Darin G Holderness officer: Interim CFO 14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079
Anthony James Best director 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Royce Mitchell director 777 HIDDEN RIDGE, IRVING TX 75038