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Petro Welt Technologies AG (XTER:O2C) Effective Interest Rate on Debt % : 29.12% (As of Jun. 2023)


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What is Petro Welt Technologies AG 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. Petro Welt Technologies AG's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was €38.85 Mil. Petro Welt Technologies AG's average total debt for the quarter that ended in Jun. 2023 was €133.43 Mil. Therefore, Petro Welt Technologies AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 29.12%.


Petro Welt Technologies AG Effective Interest Rate on Debt % Historical Data

The historical data trend for Petro Welt Technologies AG'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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Petro Welt Technologies AG Effective Interest Rate on Debt % Chart

Petro Welt Technologies AG Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.35 3.16 3.00 2.72 2.78

Petro Welt Technologies AG Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 2.10 - - 29.12

Competitive Comparison of Petro Welt Technologies AG's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Petro Welt Technologies AG'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.


Petro Welt Technologies AG's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Petro Welt Technologies AG's Effective Interest Rate on Debt % falls into.



Petro Welt Technologies AG Effective Interest Rate on Debt % Calculation

Petro Welt Technologies AG's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -3.579/( (127.059+130.066)/ 2 )
=-1  *  -3.579/128.5625
=2.78 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=126.949 + 0.11
=127.059

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=130.01 + 0.056
=130.066

Petro Welt Technologies AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -38.852/( (0+133.425)/ 1 )
=-1  *  -38.852/133.425
=29.12 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=133.332 + 0.093
=133.425

* 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.

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


Petro Welt Technologies AG  (XTER:O2C) Effective Interest Rate on Debt % Explanation

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


Petro Welt Technologies AG Effective Interest Rate on Debt % Related Terms

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Petro Welt Technologies AG (XTER:O2C) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Karntner Ring 11-13, Vienna, AUT, 1010
Petro Welt Technologies AG is a service provider of oilfield services in Russia & Kazakhstan. The operating segment of the company is Well Services & Stimulation, Drilling, Sidetracking, Integrated Project Management (IPM), and Proppant Manufacturing. The Well Services & Stimulation segment comprises hydraulic fracturing, cementing, & coiled tubing, with a focus on hydraulic fracturing, a method of well stimulation. The Drilling, Sidetracking, & IPM segment encompasses conventional drilling, sidetrack drilling, & IPM. The Proppant Manufacturing segment offers goods for the oil & natural gas industry & manufactures different kinds of Proppant in Kopeysk, Russia. The majority is from the Well Services and Stimulation segment. Geographically, key revenue is from Russia.

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