Enxnet (Enxnet) Effective Interest Rate on Debt % : 3.00% (As of Sep. 2019)

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What is Enxnet 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. Enxnet's annualized positive value of Interest Expense for the quarter that ended in Sep. 2019 was $0.04 Mil. Enxnet's average total debt for the quarter that ended in Sep. 2019 was $1.34 Mil. Therefore, Enxnet's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 was 3.00%.

Enxnet Effective Interest Rate on Debt % Historical Data

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

Enxnet Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Effective Interest Rate on Debt %

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2.83

3.00

2.98

3.98

2.98

Enxnet Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.89	3.00	3.00	3.00	3.00

Competitive Comparison of Enxnet's Effective Interest Rate on Debt %

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

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

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

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

Enxnet Effective Interest Rate on Debt % Calculation

Enxnet's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2018 )	+	Total Debt (A: Mar. 2019 ))	/ count )
=	-1 * -0.041	/	( (1.42	+	1.335)	/ 2 )
=	-1 * -0.041	/	1.3775
=	2.98 %

where

	Total Debt (A: Mar. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.1	+	1.32
=	1.42

	Total Debt (A: Mar. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.335
=	1.335

Enxnet's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2019 )	+	Total Debt (Q: Sep. 2019 ))	/ count )
=	-1 * -0.04	/	( (1.335	+	1.335)	/ 2 )
=	-1 * -0.04	/	1.335
=	3.00 %

where

	Total Debt (Q: Jun. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.335
=	1.335

	Total Debt (Q: Sep. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.335
=	1.335

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. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Enxnet (OTCPK:EXNT) Effective Interest Rate on Debt % Explanation

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

Enxnet Effective Interest Rate on Debt % Related Terms

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Enxnet (Enxnet) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

7450 S. Winston Avenue, Tulsa, OK, USA, 74136

Website

http://www.enxnet.com

Enxnet Inc is the United States based natural gas and petroleum exploitation, development, and production company engaged in locating and developing hydrocarbon resources, in the Rocky Mountain region. Its principal business is the acquisition of leasehold interests in petroleum and natural gas rights, either directly or indirectly, and the exploitation and development of properties subject to these leases. The company has leased property in Colorado and is searching for additional opportunities in the natural gas and petroleum industry.

Executives

Stephen J Hoelscher

officer: CFO

515 CONGRESS AVE, STE 1400, AUSTIN TX 78701

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