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Northern Oil & Gas (Northern Oil & Gas) Effective Interest Rate on Debt %

: 7.50% (As of Dec. 2023)
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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. Northern Oil & Gas's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $146 Mil. Northern Oil & Gas's average total debt for the quarter that ended in Dec. 2023 was $1,946 Mil. Therefore, Northern Oil & Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.50%.


Northern Oil & Gas Effective Interest Rate on Debt % Historical Data

The historical data trend for Northern Oil & Gas'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.

Northern Oil & Gas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.28 5.67 6.75 6.90 8.07

Northern Oil & Gas Quarterly Data
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 % 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 Premium Member Only Premium Member Only Premium Member Only 7.07 7.35 7.46 7.94 7.50

Competitive Comparison

For the Oil & Gas E&P subindustry, Northern Oil & Gas'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.


Northern Oil & Gas Effective Interest Rate on Debt % Distribution

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

* The bar in red indicates where Northern Oil & Gas's Effective Interest Rate on Debt % falls into.



Northern Oil & Gas Effective Interest Rate on Debt % Calculation

Northern Oil & Gas'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  *  -135.664/( (1525.413+1835.554)/ 2 )
=-1  *  -135.664/1680.4835
=8.07 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1525.413 + 0
=1525.413

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1835.554 + 0
=1835.554

Northern Oil & Gas'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  *  -146.052/( (2057.359+1835.554)/ 2 )
=-1  *  -146.052/1946.4565
=7.50 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2057.359 + 0
=2057.359

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1835.554 + 0
=1835.554

* 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.


Northern Oil & Gas  (NYSE:NOG) Effective Interest Rate on Debt % Explanation

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


Northern Oil & Gas Effective Interest Rate on Debt % Related Terms

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Northern Oil & Gas (Northern Oil & Gas) Business Description

Industry
Traded in Other Exchanges
Address
4350 Baker Road, Suite 400, Minnetonka, MN, USA, 55343
Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston Basin of the United States.
Executives
Robert B. Rowling 10 percent owner 4001 MAPLE AVE, SUITE 600, DALLAS TX 75219
William F Kimble director 6900 E. LAYTON AVE., SUITE 900, DENVER CO 80237
Jennifer S. Pomerantz director 4350 BAKER ROAD, SUITE 400, MINNETONKA MN 55343
Cresta Greenwood, Llc 10 percent owner 4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219
Rowling Family 2012 Long Term Trust other: See Remarks 4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219
James B. Evans officer: Executive VP & Chief Engineer 601 CARLSON PARKWAY, SUITE 990, MINNETONKA MN 55305
Foundation Rowling other: See Remarks 4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219
Stuart G. Lasher director 4931 NEW PROVIDENCE, TAMPA FL 33629
Ttbr Investments Llc 10 percent owner 4001 MAPLE AVE, SUITE 600, DALLAS TX 75219
Trbrjr Investments Llc 10 percent owner 4001 MAPLE AVE, SUITE 600, DALLAS TX 75219
Michael D. Kelly officer: EVP of Finance 3762 INGOLD STREET, HOUSTON TX 77005
Crestview Partners Iii Gp, L.p. 10 percent owner C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Brandon R. Elliott officer: EVP, Corporate Devp & Strategy 315 MANITOBA AVENUE, SUITE 200, WAYZATA MN 55391
Roy Ernest Easley director 1048 TEXAN TRAIL, GRAPEVINE TX 76051
W Energy Partners Llc 10 percent owner 3811 TURTLE CREEK BLVD, SUITE 550, DALLAS TX 75219