TAG Oil (TAG Oil) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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What is TAG Oil 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. TAG Oil's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. TAG Oil's average total debt for the quarter that ended in Sep. 2023 was $0.33 Mil. Therefore, TAG Oil's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

TAG Oil Effective Interest Rate on Debt % Historical Data

The historical data trend for TAG Oil'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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TAG Oil Effective Interest Rate on Debt % Chart

TAG Oil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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54.91

12.69

2,789.35

TAG Oil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of TAG Oil's Effective Interest Rate on Debt %

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

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

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

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

TAG Oil Effective Interest Rate on Debt % Calculation

TAG Oil's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * 0	/	( (0.453	+	0.335)	/ 2 )
=	-1 * 0	/	0.394
=	0.00 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.359	+	0.094
=	0.453

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.222	+	0.113
=	0.335

TAG Oil's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * 0	/	( (0.316	+	0.337)	/ 2 )
=	-1 * 0	/	0.3265
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.197	+	0.119
=	0.316

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.185	+	0.152
=	0.337

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

TAG Oil (OTCPK:TAOIF) Effective Interest Rate on Debt % Explanation

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

TAG Oil Effective Interest Rate on Debt % Related Terms

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TAG Oil (TAG Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TAG Oil Ltd (OTCPK:TAOIF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

T0P:Germany TAO:Canada

Address

1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7

Website

https://www.tagoil.com

TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.