Evolution Petroleum (Evolution Petroleum) Effective Interest Rate on Debt % : 73.71% (As of Dec. 2023)

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What is Evolution Petroleum 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. Evolution Petroleum's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.14 Mil. Evolution Petroleum's average total debt for the quarter that ended in Dec. 2023 was $0.18 Mil. Therefore, Evolution Petroleum's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 73.71%.

Evolution Petroleum Effective Interest Rate on Debt % Historical Data

The historical data trend for Evolution Petroleum'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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Evolution Petroleum Effective Interest Rate on Debt % Chart

Evolution Petroleum Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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79.86

4.88

4.51

4.27

Evolution Petroleum 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															8.28	63.37	113.68	72.11	73.71

Competitive Comparison of Evolution Petroleum's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Evolution Petroleum'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.

Evolution Petroleum's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Evolution Petroleum Effective Interest Rate on Debt % Calculation

Evolution Petroleum's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.458	/	( (21.276	+	0.184)	/ 2 )
=	-1 * -0.458	/	10.73
=	4.27 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.25	+	0.026
=	21.276

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.125	+	0.059
=	0.184

Evolution Petroleum'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 * -0.136	/	( (0.171	+	0.198)	/ 2 )
=	-1 * -0.136	/	0.1845
=	73.71 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.112	+	0.059
=	0.171

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.101	+	0.097
=	0.198

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.

Evolution Petroleum (AMEX:EPM) Effective Interest Rate on Debt % Explanation

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

Evolution Petroleum Effective Interest Rate on Debt % Related Terms

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Evolution Petroleum (Evolution Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Evolution Petroleum Corp (AMEX:EPM) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

EP7:Germany

Address

1155 Dairy Ashford Road, Suite 425, Houston, TX, USA, 77079

Website

https://www.evolutionpetroleum.com

Evolution Petroleum Corp is an independent oil and gas company operating in the US. It is engaged primarily in the acquisition, exploitation, and development of properties for the production of crude oil and natural gas, onshore in the United States. The company's revenues are primarily generated from its crude oil, natural gas and NGL production from the Jonah Field in Sublette County, Wyoming; the Williston Basin in North Dakota; the Barnett Shale located in North Texas; the Hamilton Dome Field in Wyoming; and the Delhi Field in Northeast Louisiana. The revenue generated by the company includes royalty, mineral and working interests.

Executives

John Mark Bunch	officer: COO	1155 DAIRY ASHFORD RD., SUITE 425, HOUSTON TX 77079
Kelly Beatty	officer: Principal Accounting Officer	1155 DAIRY ASHFORD RD., SUITE 425, HOUSTON TX 77079
Myra C Bierria	director	1155 DAIRY ASHFORD, SUITE 425, HOUSTON TX 77079
Ryan Stash	officer: SVP & CFO	1155 DAIRY ASHFORD ROAD, SUITE 425, HOUSTON TX 77079
Roderick A. Schultz	officer: Chief Accounting Officer	4621 PINERIDGE STREET, HOUSTON TX 77009
Marjorie Anne Hargrave	director	999 18TH STREET, SUITE 1925N, DENVER CO 80202
Jason E. Brown	officer: President & CEO	1000 LOUISIANA, SUITE 6700, HOUSTON TX 77002
Marran H. Ogilvie	director	599 LEXINGTON AVENUE, NEW YORK NY 10022
David Joe	officer: VP, Chief Admin. Officer	2500 CITYWEST BLVD., SUITE 1300, HOUSTON TX 77042
Jvl Advisors, L.l.c.	10 percent owner	10,000 MEMORIAL DRIVE, SUITE 550, HOUSTON TX 77024
Randall D Keys	officer: President, CFO & Treasurer	3 HICKORY SHADOWS DR, HOUSTON TX 77055
Peninsula Capital Management Inc	director	235 PINE STREET, SUITE 1600, SAN FRANCISCO CA 94104
Kelly William Loyd	director	10000 MEMORIAL DRIVE, SUITE 550, HOUSTON TX 77024
William Dozier	director	3000 SAGE #1312, HOUSTON TX 77056
Gene G Stoever	director	5415 GRAYSTONE LANE, HOUSTON TX 77069