GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EOG Resources Inc (NYSE:EOG) » Definitions » Effective Interest Rate on Debt %

EOG Resources (EOG Resources) Effective Interest Rate on Debt %

: 3.13% (As of Dec. 2023)
View and export this data going back to 1989. Start your Free Trial

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. EOG Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $140 Mil. EOG Resources's average total debt for the quarter that ended in Dec. 2023 was $4,472 Mil. Therefore, EOG Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.13%.


EOG Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for EOG Resources'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.

EOG Resources 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 3.18 3.33 2.81 3.02 2.75

EOG Resources 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 2.98 3.32 3.36 3.47 3.13

Competitive Comparison

For the Oil & Gas E&P subindustry, EOG Resources'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.


EOG Resources Effective Interest Rate on Debt % Distribution

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

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



EOG Resources Effective Interest Rate on Debt % Calculation

EOG Resources'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  *  -148/( (5958+4800)/ 2 )
=-1  *  -148/5379
=2.75 %

where

EOG Resources'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  *  -140/( (4143+4800)/ 2 )
=-1  *  -140/4471.5
=3.13 %

where

* 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.


EOG Resources  (NYSE:EOG) Effective Interest Rate on Debt % Explanation

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


EOG Resources Effective Interest Rate on Debt % Related Terms

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


EOG Resources (EOG Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EOG Resources Inc (NYSE:EOG) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
1111 Bagby, Sky Lobby 2, Houston, TX, USA, 77002
EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2022, it reported net proved reserves of 4.2 billion barrels of oil equivalent. Net production averaged 908 thousand barrels of oil equivalent per day in 2022 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
Executives
Helms Lloyd W Jr officer: EVP, Operations 1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Jeffrey R. Leitzell officer: EVP Exploration and Production 1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Lynn A Dugle director 4803 STONECROFT BOULEVARD, CHANTILLY VA 20151
Michael T. Kerr director 1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Kenneth W. Boedeker officer: EVP Exploration and Production 1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Michael P Donaldson officer: VP, General Counsel & Corp Sec 1111 BAGBY STREET, SKY LOBBY 2, HOUSTON TX 77002
Timothy K Driggers officer: VP Accounting & Land Admin
Ann D. Janssen officer: VP, Accounting 1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Ezra Y Yacob officer: EVP Exploration and Production 1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Charles R Crisp director 1301 MCKINNEY STE 700, HOUSTON TX 77010
Donald F Textor director P O BOX 4362, HOUSTON TX 772104362
Frank G Wisner director P O BOX 4362, HOUSTON TX 7721042362
Julie J Robertson director 13135 S DAIRY ASHFORD, STE 800, SUGAR LAND TX 77478
David W Trice officer: EVP, Exploration & Production 1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
William R. Thomas officer: Sr. Executive VP, Exploitation 1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002

EOG Resources (EOG Resources) Headlines