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Adams Resources & Energy (Adams Resources & Energy) Effective Interest Rate on Debt %

: 6.16% (As of Dec. 2023)
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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. Adams Resources & Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $3 Mil. Adams Resources & Energy's average total debt for the quarter that ended in Dec. 2023 was $56 Mil. Therefore, Adams Resources & Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.16%.


Adams Resources & Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Adams Resources & 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.

* Premium members only.

Adams Resources & Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.29 2.23 3.38 3.73 6.62

Adams Resources & Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % 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 Premium Member Only Premium Member Only Premium Member Only 8.57 5.37 5.72 7.15 6.16

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, Adams Resources & 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.


Adams Resources & Energy Effective Interest Rate on Debt % Distribution

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

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



Adams Resources & Energy Effective Interest Rate on Debt % Calculation

Adams Resources & 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  *  -3.384/( (48.561+53.601)/ 2 )
=-1  *  -3.384/51.081
=6.62 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=41.467 + 7.094
=48.561

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=42.066 + 11.535
=53.601

Adams Resources & 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  *  -3.436/( (57.87+53.601)/ 2 )
=-1  *  -3.436/55.7355
=6.16 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=45.738 + 12.132
=57.87

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=42.066 + 11.535
=53.601

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


Adams Resources & Energy  (AMEX:AE) Effective Interest Rate on Debt % Explanation

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


Adams Resources & Energy Effective Interest Rate on Debt % Related Terms

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Adams Resources & Energy (Adams Resources & Energy) Business Description

Industry
Traded in Other Exchanges
Address
17 South Briar Hollow Lane, Suite 100, Houston, TX, USA, 77027
Adams Resources & Energy Inc is engaged in the business of crude oil marketing, tank truck transportation of liquid chemicals and dry bulk, and oil and gas exploration and production. The company operates through four business segments: Crude oil marketing segment offers crude oil marketing, transportation, and storage; Transportation segment includes tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk; Pipeline and storage segment includes pipeline transportation, terminalling, and storage of crude oil; and Logistics and repurposing segment offers interstate bulk transportation logistics of crude oil, condensate, fuels, oils and other petroleum products and recycling and repurposing of off-specification fuels, lubricants, crude oil, and other chemicals.
Executives
Leggio Michael F Iii officer: Chief Operating Officer 17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Dennis E. Dominic director C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Townes G. Pressler officer: Executive Chairman 17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Tracy E Ohmart officer: EVP, CFO 17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Kevin J. Roycraft officer: President, Service Transport C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Wade M Harrison officer: President, Service Transport C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, HOUSTON TX 77027
Trey T Bosard officer: President, Phoenix Oil, Inc. 17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Niemann John O. Jr. director 1415 LOUISIANA ST., STE. 4100, HOUSTON TX 77002
Murray E Brasseux director 17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
William R Scofield director 17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Greg L Mills officer: President, GulfMark Energy C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Michelle A Earley director 17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Geoffrey Griffith officer: President, GulfMark Energy 17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Larry E Bell director 17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Richard C Jenner director 17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027