PBF Energy (PBF Energy) Effective Interest Rate on Debt % : 1.68% (As of Dec. 2023)

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What is PBF 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. PBF Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $34 Mil. PBF Energy's average total debt for the quarter that ended in Dec. 2023 was $2,054 Mil. Therefore, PBF Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.68%.

PBF Energy Effective Interest Rate on Debt % Historical Data

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

PBF Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.37

6.48

6.00

6.43

2.72

PBF Energy 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 %	Get a 7-Day Free Trial															4.44	3.13	2.52	4.22	1.68

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

For the Oil & Gas Refining & Marketing subindustry, PBF 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.

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

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

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

PBF Energy Effective Interest Rate on Debt % Calculation

PBF Energy'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 * -63.8	/	( (2641.9	+	2044.2)	/ 2 )
=	-1 * -63.8	/	2343.05
=	2.72 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2045.5	+	596.4
=	2641.9

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1900.8	+	143.4
=	2044.2

PBF Energy'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 * -34.4	/	( (2063.1	+	2044.2)	/ 2 )
=	-1 * -34.4	/	2053.65
=	1.68 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1920.8	+	142.3
=	2063.1

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1900.8	+	143.4
=	2044.2

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.

PBF Energy (NYSE:PBF) Effective Interest Rate on Debt % Explanation

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

PBF Energy Effective Interest Rate on Debt % Related Terms

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PBF Energy (PBF Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PBF Energy Inc (NYSE:PBF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PBF:Mexico PEN:Germany PEN:Germany

Address

One Sylvan Way, Second Floor, Parsippany, NJ, USA, 07054

Website

https://www.pbfenergy.com

PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX's operations.

Executives

Control Empresarial De Capitales S.a. De C.v.	10 percent owner, other: Add'l Rep. Persons-see Ex.99-1	INSURGENTES SUR #3500, PB, COL. PENA POBRE, DELEGACION TLALPAN, CP, MEXICO D.F. O5 14060
Trecia M Canty	officer: SVP and General Counsel	1 SYLVAN WAY, 2ND FLOOR, C/O PBF ENERGY INC., PARSIPPANY NJ 07054
James E. Fedena	officer: Senior Vice President	1 SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
O Connor Thomas L	officer: Senior Vice President	ONE SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
Damian W. Wilmot	director	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Georganne Hodges	director	2105 CITYWEST BLVD., SUITE 100, HOUSTON TX 77042
Lawrence Michael Ziemba	director	600 NORTH DAIRY ASHFORD, HOUSTON TX 77079
Matthew C. Lucey	officer: President	C/O PBF ENERGY INC., ONE SYLVAN WAY, PARSIPPANY NJ 07054
S Eugene Edwards	director	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
John C Barone	officer: Principal Accounting Officer	1 SYLVAN WAY, SECOND FLOOR, C/O PBF ENERGY INC., PARSIPPANY NJ 07054
George E. Ogden	director	1 SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
Karen Berriman Davis	director	123 WEST MILLS AVENUE, SUITE 200, EL PASO TX 79901
Thomas J. Nimbley	director, officer: Chief Executive Officer	C/O PBF ENERGY INC., ONE SYLVAN WAY, PARSIPPANY NJ 07054
C Erik Young	officer: Chief Financial Officer, SVP	C/O PBF ENERGY INC., 1 SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
Tai Wendy Ho	officer: Senior Vice President, HR	ONE SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054