Pieridae Energy (TSX:PEA) Effective Interest Rate on Debt % : 14.72% (As of Mar. 2024)

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What is Pieridae 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. Pieridae Energy's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$25.9 Mil. Pieridae Energy's average total debt for the quarter that ended in Mar. 2024 was C$176.1 Mil. Therefore, Pieridae Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 14.72%.

Pieridae Energy Effective Interest Rate on Debt % Historical Data

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

Pieridae Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.52

14.44

14.64

13.73

12.92

Pieridae Energy 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															12.18	12.39	14.15	14.66	14.72

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

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

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

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

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

Pieridae Energy Effective Interest Rate on Debt % Calculation

Pieridae 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 * -24.719	/	( (206.943	+	175.727)	/ 2 )
=	-1 * -24.719	/	191.335
=	12.92 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.84	+	205.103
=	206.943

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	142.944	+	32.783
=	175.727

Pieridae Energy'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 * -25.924	/	( (175.727	+	176.471)	/ 2 )
=	-1 * -25.924	/	176.099
=	14.72 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	142.944	+	32.783
=	175.727

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	142.519	+	33.952
=	176.471

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.

Pieridae Energy (TSX:PEA) Effective Interest Rate on Debt % Explanation

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

Pieridae Energy Effective Interest Rate on Debt % Related Terms

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Pieridae Energy (TSX:PEA) Business Description

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PTOAF:USA

Address

308 - 4th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 0H7

Website

https://www.pieridaeenergy.com

Pieridae Energy Ltd is a Canadian owned corporation focused on the development of integrated energy-related activities, from exploration and extraction of natural gas to the development, construction and operation of Goldboro LNG facility and the production of LNG for sale to Europe and other markets. It is a mid-sized oil and gas entity including midstream operatorship, and three large, deep cut, sour gas plants and associated Sulphur forming facilities, together with various pipelines which are connected to the TC Energy NOVA pipeline system in Alberta Its upstream segment is comprised of petroleum and natural gas production operations and properties. It also includes the company's upstream operations in Eastern Canada and corporate overhead activities associated with these operations.

Executives

John Emery

Senior Officer

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