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VAALCO Energy (VAALCO Energy) Effective Interest Rate on Debt % : 4.78% (As of Dec. 2023)


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What is VAALCO 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. VAALCO Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4.3 Mil. VAALCO Energy's average total debt for the quarter that ended in Dec. 2023 was $90.0 Mil. Therefore, VAALCO Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.78%.


VAALCO Energy Effective Interest Rate on Debt % Historical Data

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

VAALCO Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 4.10 7.17

VAALCO 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 % Get a 7-Day Free Trial 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 14.54 10.05 7.61 6.39 4.78

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

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


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

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

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



VAALCO Energy Effective Interest Rate on Debt % Calculation

VAALCO 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  *  -6.452/( (89.059+90.801)/ 2 )
=-1  *  -6.452/89.93
=7.17 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=78.934 + 10.125
=89.059

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=78.326 + 12.475
=90.801

VAALCO 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  *  -4.308/( (89.293+90.801)/ 2 )
=-1  *  -4.308/90.047
=4.78 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=77.944 + 11.349
=89.293

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=78.326 + 12.475
=90.801

* 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.


VAALCO Energy  (NYSE:EGY) Effective Interest Rate on Debt % Explanation

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


VAALCO Energy Effective Interest Rate on Debt % Related Terms

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VAALCO Energy (VAALCO Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » VAALCO Energy Inc (NYSE:EGY) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
9800 Richmond Avenue, Suite 700, Houston, TX, USA, 77042
VAALCO Energy Inc is an independent energy company operating in the United States. It is principally engaged in the acquisition, exploration, development, and production of crude oil and natural gas. The company operates through geographical segments namely Gabon, Egypt, Canada, Equatorial Guinea and Corporate and Other. The company generates maximum revenue from the Gabon segment.
Executives
Andrew Lawrence Fawthrop director 9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Maxwell George W.m. director, officer: Chief Executive Officer 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Ronald Y Bain officer: Chief Financial Officer 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Catherine L Stubbs director 522 HUNTERS PARK, HOUSTON TX 77024
Edward David Lafehr director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Thor Pruckl officer: Chief Operating Officer 9800 RICHMOND AVE STE 700, HOUSTON TX 77042-4685
Matthew R Powers officer: EVP, Gen. Counsel & Corp. Sect 4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77042
Timothy Robertson Marchant director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Bruce Cook director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Fabrice Nze-bekale director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Bradley Louis Radoff 10 percent owner, other: See Explanation of Responses 2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Jason Doornik officer: CAO & Controller 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Desautels officer: Vice President 9800 RICHMOND AVENUE, STE 700, HOUSTON TX 77042
William R Thomas director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Cary M Bounds officer: Chief Operating Officer 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042