ARSLF (Altima Energy) Effective Interest Rate on Debt %: 8.94% (As of Nov. 2024)


ARSLF Altima Energy Inc ARSLF
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What is Altima Energy Effective Interest Rate on Debt %?

Altima Energy ARSLF +9,900.00% 13 Effective Interest Rate on Debt % is 8.94% as of Nov. 2024. GuruFocus rates ARSLF with a GF Score™ of 13/100.

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. Altima Energy's annualized positive value of Interest Expense for the quarter that ended in Nov. 2024 was $0.26 Mil. Altima Energy's average total debt for the quarter that ended in Nov. 2024 was $2.95 Mil. Therefore, Altima Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 was 8.94%.

Altima Energy  (OTCPK:ARSLF) Effective Interest Rate on Debt % Explanation

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

Altima Energy Effective Interest Rate on Debt % Related Terms

Altima Energy Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Altima Energy'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.

Altima Energy Effective Interest Rate on Debt % Chart

Altima Energy Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Feb22 Feb23 Feb24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.68 6.45 0.00 13.24 3.68

Altima Energy Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 1.55 7.80 1.05 0.72 8.94

ARSLF vs COP, EOG, FANG: Effective Interest Rate on Debt % Comparison

For the Oil & Gas E&P subindustry, Altima Energy'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.

Altima Energy Effective Interest Rate on Debt % vs Oil & Gas Industry

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

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


ARSLF
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Altima Energy Inc ARSLF
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Altima Energy Effective Interest Rate on Debt % Calculation

Altima Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2023 )+Total Debt  (A: Feb. 2024 ))/ count )
=-1  *  -0.056/( (1.515+1.527)/ 2 )
=-1  *  -0.056/1.521
=3.68 %

where

Total Debt  (A: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 1.515
=1.515

Total Debt  (A: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.044 + 1.483
=1.527

Altima Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Aug. 2024 )+Total Debt  (Q: Nov. 2024 ))/ count )
=-1  *  -0.264/( (2.954+2.953)/ 2 )
=-1  *  -0.264/2.9535
=8.94 %

where

Total Debt  (Q: Aug. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.046 + 2.908
=2.954

Total Debt  (Q: Nov. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.582 + 2.371
=2.953

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

What does a Effective Interest Rate on Debt % of 8.94% mean?
Altima Energy (ARSLF) has a Effective Interest Rate on Debt % of 8.94% as of Nov. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Altima Energy and its competitors.
Is Altima Energy's Effective Interest Rate on Debt % too high?
Altima Energy's current Effective Interest Rate on Debt % is 8.94%. Overall, Altima Energy has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Altima Energy's Effective Interest Rate on Debt % compare to COP and EOG?
Altima Energy's Effective Interest Rate on Debt % of 8.94% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Oil & Gas company?
A good Effective Interest Rate on Debt % depends on the Oil & Gas industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Altima Energy and its competitors. Altima Energy's current Effective Interest Rate on Debt % is 8.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altima Energy stock overvalued right now?
Altima Energy (ARSLF) has a current Effective Interest Rate on Debt % of 8.94%. The current Effective Interest Rate on Debt % is 8.94%. Altima Energy's overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Altima Energy (ARSLF), the current Effective Interest Rate on Debt % is 8.94% as of Nov. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Altima Energy Business Description

Industry EnergyOil & Gas
Address 595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5
Altima Energy Inc is a junior energy company engaged in the exploring and developing oil and natural gas assets in Western Canada. It is exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.
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