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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. 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%.
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.
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 | - | - | - | 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 | 14.54 | 10.05 | 7.61 | 6.39 | 4.78 |
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.
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'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.
Thank you for viewing the detailed overview of VAALCO Energy's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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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 |
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