Aker BP ASA (OSL:AKRBP) Effective Interest Rate on Debt % : 1.33% (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Aker BP ASA 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. Aker BP ASA's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr908 Mil. Aker BP ASA's average total debt for the quarter that ended in Mar. 2024 was kr68,471 Mil. Therefore, Aker BP ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.33%.

Aker BP ASA Effective Interest Rate on Debt % Historical Data

The historical data trend for Aker BP ASA'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.

Aker BP ASA Effective Interest Rate on Debt % Chart

Aker BP ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

1.99

4.09

3.01

1.73

1.94

Aker BP ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.27	1.90	1.89	1.53	1.33

Competitive Comparison of Aker BP ASA's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Aker BP ASA'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.

Aker BP ASA's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Aker BP ASA's Effective Interest Rate on Debt % falls into.

Aker BP ASA Effective Interest Rate on Debt % Calculation

Aker BP ASA'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 * -1186.807	/	( (53486.91	+	68596.419)	/ 2 )
=	-1 * -1186.807	/	61041.6645
=	1.94 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53128.262	+	358.648
=	53486.91

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67027.723	+	1568.696
=	68596.419

Aker BP ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -908.396	/	( (68596.419	+	68346.168)	/ 2 )
=	-1 * -908.396	/	68471.2935
=	1.33 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67027.723	+	1568.696
=	68596.419

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	65696.327	+	2649.841
=	68346.168

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Aker BP ASA (OSL:AKRBP) Effective Interest Rate on Debt % Explanation

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

Aker BP ASA Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Aker BP ASA's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Aker BP ASA (OSL:AKRBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aker BP ASA (OSL:AKRBP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

AKRBY:USA AKRBF:USA AKERBPo:Sweden AKRBPo:UK 0M5J:UK ARC1:Germany ARC:Germany ARC:Germany

Address

Oksenoyveien 10, Fornebuporten, Building B, Lysaker, NOR, 1366

Website

https://www.akerbp.com

Aker BP ASA operates oil and gas production, development, and exploration projects on the Norwegian Continental Shelf (NCS). Its projects include Alvheim field, Ivar Aasen, Skarv, and Valhall. Revenue is derived from a short list of clients and primarily consists of liquid sales. The Alvheim field, which developed with an FPSO, contributes the most volume for the company. Fields in close proximity to Alvheim are tied to Alvheim's FPSO. From the tiebacks, oil is transported from the field with shuttle tankers, and associated gas is exported to Scotland through a gas evacuation system.

Aker BP ASA (OSL:AKRBP) Headlines

No Headlines