TotalEnergies Marketing Ghana (XGHA:TOTAL) Effective Interest Rate on Debt % : 21.50% (As of Mar. 2024)

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What is TotalEnergies Marketing Ghana 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. TotalEnergies Marketing Ghana's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was GHS98 Mil. TotalEnergies Marketing Ghana's average total debt for the quarter that ended in Mar. 2024 was GHS456 Mil. Therefore, TotalEnergies Marketing Ghana's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 21.50%.

TotalEnergies Marketing Ghana Effective Interest Rate on Debt % Historical Data

The historical data trend for TotalEnergies Marketing Ghana'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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TotalEnergies Marketing Ghana Effective Interest Rate on Debt % Chart

TotalEnergies Marketing Ghana Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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13.96

13.59

6.30

8.39

2.84

TotalEnergies Marketing Ghana Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															24.79	31.98	19.30	19.61	21.50

Competitive Comparison of TotalEnergies Marketing Ghana's Effective Interest Rate on Debt %

For the Oil & Gas Refining & Marketing subindustry, TotalEnergies Marketing Ghana'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.

TotalEnergies Marketing Ghana's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TotalEnergies Marketing Ghana's Effective Interest Rate on Debt % falls into.

TotalEnergies Marketing Ghana Effective Interest Rate on Debt % Calculation

TotalEnergies Marketing Ghana's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -5.239	/	( (98.874	+	270)	/ 2 )
=	-1 * -5.239	/	184.437
=	2.84 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78.04	+	20.834
=	98.874

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	113.852	+	156.148
=	270

TotalEnergies Marketing Ghana'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: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -98.112	/	( (464.991	+	447.503)	/ 2 )
=	-1 * -98.112	/	456.247
=	21.50 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	115.131	+	349.86
=	464.991

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	117.381	+	330.122
=	447.503

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.

TotalEnergies Marketing Ghana (XGHA:TOTAL) Effective Interest Rate on Debt % Explanation

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

TotalEnergies Marketing Ghana Effective Interest Rate on Debt % Related Terms

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TotalEnergies Marketing Ghana (XGHA:TOTAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies Marketing Ghana Plc (XGHA:TOTAL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 Liberia Road, P.O. Box 553, Total House, Accra, GHA

Website

https://www.totalenergies.com.gh

TotalEnergies Marketing Ghana Plc is engaged in the business of marketing petroleum and allied products. The reportable operating segments derive their revenue mainly from the sales of petroleum and allied products. Revenue from sales to service stations Network and sales to consumer customers Commercial accounts for Ninety percent of the Company and Group's revenue. It offers services across the Aviation, Bitumen and Mining industries, besides the Manufacturing and Roads Sectors.

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