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Echo Energy (LSE:ECHO) Effective Interest Rate on Debt % : 2.80% (As of Jun. 2023)


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What is Echo Energy 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. Echo Energy's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was £0.12 Mil. Echo Energy's average total debt for the quarter that ended in Jun. 2023 was £4.36 Mil. Therefore, Echo Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 2.80%.


Echo Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Echo Energy'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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Echo Energy Effective Interest Rate on Debt % Chart

Echo Energy Annual Data
Trend Sep12 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 21.85 18.86 19.13 12.52 18.74

Echo Energy Semi-Annual Data
Mar13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 11.67 13.76 9.32 20.58 2.80

Competitive Comparison of Echo Energy's Effective Interest Rate on Debt %

For the Oil & Gas Integrated subindustry, Echo Energy'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.


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

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

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



Echo Energy Effective Interest Rate on Debt % Calculation

Echo Energy'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  *  -2.447/( (21.634+4.485)/ 2 )
=-1  *  -2.447/13.0595
=18.74 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.634 + 0
=21.634

Echo Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -0.122/( (4.485+4.23)/ 2 )
=-1  *  -0.122/4.3575
=2.80 %

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 two times the semi-annual (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Echo Energy  (LSE:ECHO) Effective Interest Rate on Debt % Explanation

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


Echo Energy Effective Interest Rate on Debt % Related Terms

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Echo Energy (LSE:ECHO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Echo Energy PLC (LSE:ECHO) » Definitions » Effective Interest Rate on Debt %
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Address
85 Great Portland Street, First Floor, London, GBR, W1W 7LT
Echo Energy PLC is the holding company for a group of companies engaged in the exploration, appraisal, and development of oil and natural gas producing assets. It focuses on the development of assets in the Central and Southern American geographies.