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

Goodrich Petroleum (Goodrich Petroleum) Effective Interest Rate on Debt % : 7.13% (As of Sep. 2021)


View and export this data going back to 2016. Start your Free Trial

What is Goodrich 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. Goodrich Petroleum's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was $8.9 Mil. Goodrich Petroleum's average total debt for the quarter that ended in Sep. 2021 was $125.2 Mil. Therefore, Goodrich Petroleum's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 was 7.13%.


Goodrich Petroleum Effective Interest Rate on Debt % Historical Data

The historical data trend for Goodrich 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.

* Premium members only.

Goodrich Petroleum Effective Interest Rate on Debt % Chart

Goodrich Petroleum Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.07 18.51 17.60 11.82 6.34

Goodrich Petroleum Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 6.24 5.78 6.50 6.87 7.13

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

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


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

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

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



Goodrich Petroleum Effective Interest Rate on Debt % Calculation

Goodrich Petroleum's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2019 )+Total Debt  (A: Dec. 2020 ))/ count )
=-1  *  -7.049/( (107.638+114.902)/ 2 )
=-1  *  -7.049/111.27
=6.34 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=105.235 + 2.403
=107.638

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=112.969 + 1.933
=114.902

Goodrich Petroleum's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2021 )+Total Debt  (Q: Sep. 2021 ))/ count )
=-1  *  -8.928/( (124.621+125.807)/ 2 )
=-1  *  -8.928/125.214
=7.13 %

where

Total Debt  (Q: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=123.199 + 1.422
=124.621

Total Debt  (Q: Sep. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=124.259 + 1.548
=125.807

* 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 (Sep. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Goodrich Petroleum  (AMEX:GDP) Effective Interest Rate on Debt % Explanation

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


Goodrich Petroleum Effective Interest Rate on Debt % Related Terms

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


Goodrich Petroleum (Goodrich Petroleum) Business Description

Industry
Traded in Other Exchanges
N/A
Address
801 Louisiana Street, Suite 700, Houston, TX, USA, 77002
Goodrich Petroleum Corp is an independent oil and gas producer in the United States. The company operates in the Tuscaloosa Marine Shale region, with minor operations in the Eagle Ford and Haynesville shales. The vast majority of exploitation and development efforts on natural gas are carried out in the core of the Haynesville Shale in North Louisiana.
Executives
Gen Iv Investment Opportunities, Llc 10 percent owner 1700 BROADWAY, 35TH FLOOR, NEW YORK NY 10019
Anchorage Capital Group, L.l.c. 10 percent owner 610 BROADWAY, 6TH FLOOR, NEW YORK NY 10012
Franklin Resources Inc 10 percent owner FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Walter G Goodrich director, officer: Chairman and CEO C/O GOODRICH PETROLEUM, 808 TRAVIS, SUITE 1320, HOUSTON TX 77002
Robert T Barker officer: SVP Controller & CFO 801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Turnham Robert C Jr director, officer: President & COO 808 TRAVIS, SUITE 1320, HOUSTON TX 77002
Mark E Ferchau officer: Executive Vice President 333 TEXAS ST, STE 1375, SHREWSPORT LA 71101
Edward J. Sondey director 801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Jeffrey Serota director 123 ROBERT S. KERR AVENUE, OKLAHOMA CITY OK 73120
Kenneth Adam Leight director 801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Timothy D Leuliette director P.O. BOX 701482, PLYMOUTH MI 48170
Thomas M Souers director 801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Ronald F Coleman director 4601 WESTWAY PARK BOULEVARD, HOUSTON TX 77041
Steven J Pully director 9800 RICHMOND AVE, SUITE 700, HOUSTON TX 77042
Lsp Generation Iv, Llc 10 percent owner 1700 BROADWAY, FLOOR 35, NEW YORK X1 10019