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Holly Energy Partners LP (Holly Energy Partners LP) Effective Interest Rate on Debt % : 7.04% (As of Sep. 2023)


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What is Holly Energy Partners LP 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. Holly Energy Partners LP's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $109.1 Mil. Holly Energy Partners LP's average total debt for the quarter that ended in Sep. 2023 was $1,549.6 Mil. Therefore, Holly Energy Partners LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.04%.


Holly Energy Partners LP Effective Interest Rate on Debt % Historical Data

The historical data trend for Holly Energy Partners LP'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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Holly Energy Partners LP Effective Interest Rate on Debt % Chart

Holly Energy Partners LP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.91 5.19 3.94 3.73 5.45

Holly Energy Partners LP Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 5.50 6.23 6.42 6.67 7.04

Competitive Comparison of Holly Energy Partners LP's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, Holly Energy Partners LP'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.


Holly Energy Partners LP's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Holly Energy Partners LP's Effective Interest Rate on Debt % falls into.



Holly Energy Partners LP Effective Interest Rate on Debt % Calculation

Holly Energy Partners LP's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -82.56/( (1404.134+1625.924)/ 2 )
=-1  *  -82.56/1515.029
=5.45 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1399.728 + 4.406
=1404.134

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1620.567 + 5.357
=1625.924

Holly Energy Partners LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -109.14/( (1563.495+1535.777)/ 2 )
=-1  *  -109.14/1549.636
=7.04 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1557.915 + 5.58
=1563.495

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1530.35 + 5.427
=1535.777

* 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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Holly Energy Partners LP  (NYSE:HEP) Effective Interest Rate on Debt % Explanation

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


Holly Energy Partners LP Effective Interest Rate on Debt % Related Terms

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Holly Energy Partners LP (Holly Energy Partners LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2828 N. Harwood, Suite 1300, Dallas, TX, USA, 75201-1507
Holly Energy Partners LP operates a network of refined products and crude oil pipelines, with attendant terminal assets, in several western and southwestern states. The company has two reportable segments namely Pipelines and Terminals and Refinery Processing Unit. It generates maximum revenue from the Pipelines and Terminals segment.
Executives
Robert I Jamieson officer: SVP and COO 2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Mark A Petersen director 550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Hf Sinclair Corp 10 percent owner, other: See remarks 2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Sinclair Companies 10 percent owner 550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Carol Holding 10 percent owner 550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
James H Lee director 10000 MEMORIAL DRIVE STE 600, HOUSTON TX 77024-3411
Larry R Baldwin director 2828 N. HARWOOD STREET, SUITE 1300, DALLAS TX 75201
Michael Jennings director 10000 MEMORIAL DRIVE, SUITE 600, HOUSTON TX 77024
Kenneth Norwood officer: VP and Controller 2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Harrison John Wayne Jr officer: SVP, CFO and Treasurer 2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Vaishali S. Bhatia officer: SVP, General Counsel & Sec 2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Eric L Mattson director C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Christine B Lafollette director 2828 N. HARWOOD, SUITE 1300, DALLAS X1 75201
Richard Kevin Hardage director 2626 COLE AVE SUITE 705, DALLAS TX 75209
Holly Refining & Marketing Co - Woods Cross Llc other: See Footnotes 2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201