High Peak Royalties (ASX:HPR) Effective Interest Rate on Debt % : 13.82% (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is High Peak Royalties 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. High Peak Royalties's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.18 Mil. High Peak Royalties's average total debt for the quarter that ended in Dec. 2023 was A$1.30 Mil. Therefore, High Peak Royalties's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.82%.

High Peak Royalties Effective Interest Rate on Debt % Historical Data

The historical data trend for High Peak Royalties'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.

* Premium members only.

High Peak Royalties Effective Interest Rate on Debt % Chart

High Peak Royalties Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

8.38

7.67

6.95

5.95

8.08

High Peak Royalties Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.45	6.07	8.07	9.08	13.82

Competitive Comparison of High Peak Royalties's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, High Peak Royalties'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.

High Peak Royalties's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

High Peak Royalties Effective Interest Rate on Debt % Calculation

High Peak Royalties's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.135	/	( (1.833	+	1.508)	/ 2 )
=	-1 * -0.135	/	1.6705
=	8.08 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.452	+	0.381
=	1.833

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.131	+	0.377
=	1.508

High Peak Royalties's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.18	/	( (1.508	+	1.096)	/ 2 )
=	-1 * -0.18	/	1.302
=	13.82 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.131	+	0.377
=	1.508

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.096
=	1.096

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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

High Peak Royalties (ASX:HPR) Effective Interest Rate on Debt % Explanation

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

High Peak Royalties Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of High Peak Royalties's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

High Peak Royalties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Peak Royalties Ltd (ASX:HPR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/- Traverse Accountants Pty Ltd, 24-26 Kent Street, Millers Point, Sydney, NSW, AUS, 2000

Website

https://www.highpeak.com.au

High Peak Royalties Ltd is engaged in the acquisition of royalty and exploration interests in oil and gas assets predominately in Australia and the United States. Geographically, it operates in USA and Australia and generates a majority of its revenue from the United States. The Company has royalties over 20 oil and gas permits in Australia over 2,000 wells in the USA and is the operator of four geothermal permit interests.