Royale Energy (Royale Energy) Effective Interest Rate on Debt % : 1.51% (As of Dec. 2023)

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What is Royale 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. Royale Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Royale Energy's average total debt for the quarter that ended in Dec. 2023 was $0.26 Mil. Therefore, Royale Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.51%.

Royale Energy Effective Interest Rate on Debt % Historical Data

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

Royale Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.00

3.20

1.99

0.46

0.68

Royale 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															-4.47	1.22	1.31	-	1.51

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

For the Oil & Gas E&P subindustry, Royale 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.

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

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

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

Royale Energy Effective Interest Rate on Debt % Calculation

Royale 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 * -0.002	/	( (0.337	+	0.254)	/ 2 )
=	-1 * -0.002	/	0.2955
=	0.68 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.255	+	0.082
=	0.337

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.171	+	0.083
=	0.254

Royale 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 * -0.004	/	( (0.275	+	0.254)	/ 2 )
=	-1 * -0.004	/	0.2645
=	1.51 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.19	+	0.085
=	0.275

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.171	+	0.083
=	0.254

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.

Royale Energy (OTCPK:ROYL) Effective Interest Rate on Debt % Explanation

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

Royale Energy Effective Interest Rate on Debt % Related Terms

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Royale Energy (Royale Energy) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1530 Hilton Head Road, Suite 205, El Cajon, CA, USA, 92019

Website

https://www.royl.com

Royale Energy Inc is an independent oil and natural gas producer. The company's business includes the production and sale of oil and natural gas, acquisition of oil and gas lease interests and proved reserves, drilling of both exploratory and development wells, and sales of fractional working interests in wells to be drilled by Royale. Its own wells and leases are located in the Sacramento Basin and San Joaquin Basin in California as well as in Utah, Texas, Oklahoma, and Louisiana.

Executives

Jonathan Gregory	director, officer: Chief Executive Officer	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Stephen M Hosmer	officer: CFO and Secretary	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Barry D Lasker	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Karen Kerns	director, 10 percent owner	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Thomas M Gladney	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Harry Hosmer	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Michael Mccaskey	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Robert J Vogel	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Mel G Riggs	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Johnny Jordan	director, 10 percent owner, officer: President	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Rod Eson	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Jeffrey R Kerns	director, 10 percent owner	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Ronald Verdier	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Ronald L Buck	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020