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Omega Oil & Gas (ASX:OMA) Effective Interest Rate on Debt % : 17.54% (As of Dec. 2024)


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What is Omega Oil & Gas 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. Omega Oil & Gas's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was A$0.01 Mil. Omega Oil & Gas's average total debt for the quarter that ended in Dec. 2024 was A$0.06 Mil. Therefore, Omega Oil & Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 17.54%.

Omega Oil & Gas Effective Interest Rate on Debt % Historical Data

The historical data trend for Omega Oil & Gas'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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Omega Oil & Gas Effective Interest Rate on Debt % Chart

Omega Oil & Gas Annual Data
Trend Jun22 Jun23 Jun24
Effective Interest Rate on Debt %
- 83.57 4.71

Omega Oil & Gas Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 6.69 9.95 -2.68 17.54

Competitive Comparison of Omega Oil & Gas's Effective Interest Rate on Debt %

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

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

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

* The bar in red indicates where Omega Oil & Gas's Effective Interest Rate on Debt % falls into.


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Omega Oil & Gas Effective Interest Rate on Debt % Calculation

Omega Oil & Gas's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2023 )+Total Debt  (A: Jun. 2024 ))/ count )
=-1  *  -0.01/( (0.359+0.066)/ 2 )
=-1  *  -0.01/0.2125
=4.71 %

where

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.063 + 0.296
=0.359

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.028 + 0.038
=0.066

Omega Oil & Gas'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: Jun. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -0.01/( (0.066+0.048)/ 2 )
=-1  *  -0.01/0.057
=17.54 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.028 + 0.038
=0.066

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.007 + 0.041
=0.048

* 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 two times the semi-annual (Dec. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Omega Oil & Gas  (ASX:OMA) Effective Interest Rate on Debt % Explanation

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

Omega Oil & Gas Effective Interest Rate on Debt % Related Terms

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Omega Oil & Gas Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Omega Oil & Gas Ltd (ASX:OMA) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
N/A
Address
243 Edward Street, Level 3A, Brisbane, QLD, AUS, 4000
Website
https://www.omegaoilandgas.com.au
Omega Oil & Gas Ltd s an early mover in an emerging play within the junior oil and gas space in Australia. The company is focused on preparation for the development of Petroleum Lease 17 (PL17), located in the Bennett and Leichardt Fields and Prospect 2037 and 2038 in Queensland, Australia.

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