TotalEnergies SE (XPAR:TTE) Effective Interest Rate on Debt % : -0.05% (As of Dec. 2023)

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What is TotalEnergies SE 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. TotalEnergies SE's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €-26 Mil. TotalEnergies SE's average total debt for the quarter that ended in Dec. 2023 was €49,074 Mil. Therefore, TotalEnergies SE's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -0.05%.

TotalEnergies SE Effective Interest Rate on Debt % Historical Data

The historical data trend for TotalEnergies SE'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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TotalEnergies SE Effective Interest Rate on Debt % Chart

TotalEnergies SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.23

2.86

2.65

3.58

4.04

TotalEnergies SE 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															4.67	4.80	4.93	5.14	-0.05

Competitive Comparison of TotalEnergies SE's Effective Interest Rate on Debt %

For the Oil & Gas Integrated subindustry, TotalEnergies SE'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.

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

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

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

TotalEnergies SE Effective Interest Rate on Debt % Calculation

TotalEnergies SE'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 * -1974.301	/	( (53826.88	+	43896.79)	/ 2 )
=	-1 * -1974.301	/	48861.835
=	4.04 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39192.992	+	14633.888
=	53826.88

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35102.76	+	8794.03
=	43896.79

TotalEnergies SE'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 * 25.676	/	( (54250.426	+	43896.79)	/ 2 )
=	-1 * 25.676	/	49073.608
=	-0.05 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38437.614	+	15812.812
=	54250.426

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35102.76	+	8794.03
=	43896.79

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.

TotalEnergies SE (XPAR:TTE) Effective Interest Rate on Debt % Explanation

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

TotalEnergies SE Effective Interest Rate on Debt % Related Terms

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TotalEnergies SE (XPAR:TTE) Business Description

Industry

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Traded in Other Exchanges

TTFNF:USA TTE:USA TOT N:Mexico 0A30:UK TTEp:UK TTE:UK TOTB:Germany FP:Austria

Address

2, Place Jean Millier, La Defense 6, Courbevoie, FRA, 92400

Website

https://www.totalenergies.com

TotalEnergies is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.5 million barrels of liquids and 6.8 billion cubic feet of natural gas per day. At end-2022, reserves stood at 10.2 billion barrels of oil equivalent, 56% of which are liquids. During 2021, it had LNG sales of 48.1 Mt. The company owns interests in refineries with capacity of nearly 2.0 million barrels a day, primarily in Europe, distributes refined products in 65 countries, and manufactures commodity and specialty chemicals. It also holds a 19% interest in Russian oil company Novatek. At year-end, its gross installed renewable power generation capacity was 16.8 GW.