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. APA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $316 Mil. APA's average total debt for the quarter that ended in Dec. 2023 was $5,498 Mil. Therefore, APA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.75%.
APA Effective Interest Rate on Debt % Historical Data
The historical data trend for APA'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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APA Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Effective Interest Rate on Debt % |
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4.63 |
4.83 |
4.97 |
4.75 |
5.99 |
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APA Quarterly Data
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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 % |
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5.54 |
5.67 |
5.78 |
5.77 |
5.75 |
Competitive Comparison
For the Oil & Gas E&P subindustry, APA'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.
APA Effective Interest Rate on Debt % Distribution
For the Oil & Gas industry and Energy sector, APA's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where APA's Effective Interest Rate on Debt % falls into.
APA Effective Interest Rate on Debt % Calculation
APA's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
| Effective Interest Rate on Debt % |
| = | -1 * Interest Expense | / | ( (Total Debt (A: Dec. 2022 ) | + | Total Debt (A: Dec. 2023 )) | / count ) |
| = | -1 * -327 | / | ( (5620 | + | 5304) | / 2 ) |
| = | -1 * -327 | / | 5462 |
| = | 5.99 % |
where
APA'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 * -316 | / | ( (5692 | + | 5304) | / 2 ) |
| = | -1 * -316 | / | 5498 |
| = | 5.75 % |
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 four times the quarterly (Dec. 2023) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
APA (APA) Business Description
Traded in Other Exchanges
Address
2000 Post Oak Boulevard, Suite 100, One Post Oak Central, Houston, TX, USA, 77056-4400
Based in Houston, APA is an independent exploration and production company. It operates primarily in the U.S., Egypt, the North Sea, and Suriname. At year-end 2022, proved reserves totaled 890 million barrels of oil equivalent, with net reported production of 400 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).
Executives
| Tracey K Henderson |
officer: Executive VP Exploration |
C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056 |
| Mark D Maddox |
officer: Executive VP - Administration |
C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056 |
| P Anthony Lannie |
officer: Exec. Vice Pres & Gen Counsel |
C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056 |
| Chansoo Joung |
director |
C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
| David L Stover |
director |
NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070 |
| Charles W Hooper |
director |
C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056 |
| D. Clay Bretches |
officer: Exec. VP, Operations |
C/O APACHE CORPORATION, 2000 POST OAK BLVD, STE 100, HOUSTON TX 77056 |
| Rebecca A Hoyt |
officer: Sr. VP, Chief Acct Officer |
C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056-4400 |
| Annell R Bay |
director |
C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056 |
| Lamar Mckay |
director |
2000 POST OAK BLVD STE 100, HOUSTON TX 77056 |
| John E Lowe |
director |
600 N DAIRY ASHFORD, HOUSTON TX 77079 |
| Amy H Nelson |
director |
2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056 |
| Rene R Joyce |
director |
P.O. BOX 130430, HOUSTON TX 77219-0430 |
| Daniel Wayne Rabun |
director |
6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ |
| Peter A Ragauss |
director |
2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019 |
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