Goodrich Petroleum (Goodrich Petroleum) Effective Interest Rate on Debt %

: 7.13% (As of Sep. 2021)

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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. Goodrich Petroleum's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was $8.93 Mil. Goodrich Petroleum's average total debt for the quarter that ended in Sep. 2021 was $125.21 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.

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Goodrich Petroleum Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

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 %																6.24	5.78	6.50	6.87	7.13

Competitive Comparison

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 Effective Interest Rate on Debt % Distribution

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

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 (GREY:GDPAQ.PFD) 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

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Goodrich Petroleum (Goodrich Petroleum) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Louisiana Street, Suite 700, Houston, TX, USA, 77002

Website

http://www.goodrichpetroleum.com

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.