Permex Petroleum (XCNQ:OIL) Effective Interest Rate on Debt % : 1.59% (As of Jun. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Permex Petroleum 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. Permex Petroleum's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was C$0.00 Mil. Permex Petroleum's average total debt for the quarter that ended in Jun. 2023 was C$0.25 Mil. Therefore, Permex Petroleum's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 1.59%.

Permex Petroleum Effective Interest Rate on Debt % Historical Data

The historical data trend for Permex Petroleum'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.

Permex Petroleum Effective Interest Rate on Debt % Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

13.70

6.79

13.29

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.72	6.00	1.18	-	1.59

Competitive Comparison of Permex Petroleum's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Permex Petroleum'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.

Permex Petroleum's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Permex Petroleum Effective Interest Rate on Debt % Calculation

Permex Petroleum's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2021 )	+	Total Debt (A: Sep. 2022 ))	/ count )
=	-1 * -0.041	/	( (0.238	+	0.379)	/ 2 )
=	-1 * -0.041	/	0.3085
=	13.29 %

where

	Total Debt (A: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.073	+	0.165
=	0.238

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.188	+	0.191
=	0.379

Permex Petroleum's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.004	/	( (0.269	+	0.235)	/ 2 )
=	-1 * -0.004	/	0.252
=	1.59 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.153	+	0.116
=	0.269

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.129	+	0.106
=	0.235

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 (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Permex Petroleum (XCNQ:OIL) Effective Interest Rate on Debt % Explanation

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

Permex Petroleum Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Permex Petroleum's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Permex Petroleum (XCNQ:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer