Coelacanth Energy (TSXV:CEI) Effective Interest Rate on Debt % : -48.07% (As of Dec. 2023)

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What is Coelacanth 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. Coelacanth Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$-0.62 Mil. Coelacanth Energy's average total debt for the quarter that ended in Dec. 2023 was C$1.28 Mil. Therefore, Coelacanth Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -48.07%.

Coelacanth Energy Effective Interest Rate on Debt % Historical Data

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

Coelacanth Energy Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

0.77

28.11

24.63

Coelacanth Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-129.39	32.06	30.23	51.19	-48.07

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

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

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

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

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

Coelacanth Energy Effective Interest Rate on Debt % Calculation

Coelacanth 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 * -0.218	/	( (0.54	+	1.23)	/ 2 )
=	-1 * -0.218	/	0.885
=	24.63 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.45	+	0.09
=	0.54

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.795	+	0.435
=	1.23

Coelacanth 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 * 0.616	/	( (1.333	+	1.23)	/ 2 )
=	-1 * 0.616	/	1.2815
=	-48.07 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.908	+	0.425
=	1.333

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.795	+	0.435
=	1.23

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.

Coelacanth Energy (TSXV:CEI) Effective Interest Rate on Debt % Explanation

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

Coelacanth Energy Effective Interest Rate on Debt % Related Terms

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Coelacanth Energy (TSXV:CEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coelacanth Energy Inc (TSXV:CEI) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

CEIEF:USA

Address

530-8th Avenue SW, Suite 2110, Calgary, AB, CAN, T2P 3S8

Website

https://www.coelacanth.ca

Coelacanth Energy Inc is a Montney-focused oil and natural gas exploration and development company, actively engaged in the acquisition ,development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada with lands located in the Two Rivers area of northeastern British Columbia. Coelacanth owns approximately 140 (net) sections of Montney acreage in the Two Rivers and surrounding area and has identified approximately 8.9 billion bbls of Original Oil in Place (OOIP) and 8.6 tcf of Original Gas in Place across these lands.

Executives

Nolan Gregory Chicoine	Senior Officer
Peter James Roy Cochrane	Senior Officer
Jody Denis	Senior Officer
Harvey Doerr	Director
John Nandor Fur	Senior Officer
William Lancaster	Director
Tom Medvedic	Director
Robert John Zakresky	Senior Officer