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

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What is Altima Energy 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. 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 Effective Interest Rate on Debt % Historical Data

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.

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Altima Energy Effective Interest Rate on Debt % Chart

Altima Energy Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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15.25

12.68

13.24

3.68

Altima Energy Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.55	7.80	1.05	0.72	8.94

Competitive Comparison of Altima Energy's Effective Interest Rate on Debt %

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's Effective Interest Rate on Debt % Distribution in the 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.

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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

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.

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

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Altima Energy Business Description

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Address

595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5

Website

https://www.altimaenergy.com

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.