ALTX (Altex Industries) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2024)

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What is Altex Industries 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. Altex Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $0.00 Mil. Altex Industries's average total debt for the quarter that ended in Dec. 2024 was $0.02 Mil. Therefore, Altex Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 0.00%.

Altex Industries Effective Interest Rate on Debt % Historical Data

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

Altex Industries Annual Data

Trend

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Effective Interest Rate on Debt %

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Altex Industries Quarterly Data
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Competitive Comparison of Altex Industries's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Altex Industries'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.

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

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

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

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Altex Industries Effective Interest Rate on Debt % Calculation

Altex Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2023 )	+	Total Debt (A: Sep. 2024 ))	/ count )
=	-1 * 0	/	( (0.047	+	0.021)	/ 2 )
=	-1 * 0	/	0.034
=	0.00 %

where

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.02	+	0.027
=	0.047

	Total Debt (A: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.021
=	0.021

Altex Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * 0	/	( (0.021	+	0.014)	/ 2 )
=	-1 * 0	/	0.0175
=	0.00 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.021
=	0.021

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.014
=	0.014

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Altex Industries (OTCPK:ALTX) Effective Interest Rate on Debt % Explanation

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

Altex Industries Effective Interest Rate on Debt % Related Terms

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Altex Industries Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Colorado Boulevard, Suite 273, Denver, CO, USA, 80206-4084

Website

https://www.altexinc.com

Altex Industries Inc is a USA-based holding company. Through its wholly-owned subsidiary, it owns interests in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and has participated in the drilling of exploratory and development wells, and completion of existing wells in Utah and Wyoming. The Company's revenue is from sales of oil and gas production, interest income, and, occasionally, bonus payments for mineral leases.

Executives

Jeffrey S Chernow	director	PO BOX 1057, BRECKENRIDGE CO 80424
Stephen Fante	director	PO BOX 1057, BRECKENRIDGE CO 80424

Altex Industries Headlines

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