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Basic Energy Services (Basic Energy Services) Effective Interest Rate on Debt % : 14.02% (As of Mar. 2021)


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What is Basic Energy Services 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. Basic Energy Services's annualized positive value of Interest Expense for the quarter that ended in Mar. 2021 was $48.10 Mil. Basic Energy Services's average total debt for the quarter that ended in Mar. 2021 was $343.06 Mil. Therefore, Basic Energy Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2021 was 14.02%.


Basic Energy Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Basic Energy Services'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.

Basic Energy Services Effective Interest Rate on Debt % Chart

Basic Energy Services Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.34 10.96 12.74 11.55 11.12

Basic Energy Services Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 12.38 13.24 13.65 7.15 14.02

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

For the Oil & Gas Equipment & Services subindustry, Basic Energy Services'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.


Basic Energy Services's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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



Basic Energy Services Effective Interest Rate on Debt % Calculation

Basic Energy Services's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2019 )+Total Debt  (A: Dec. 2020 ))/ count )
=-1  *  -38.198/( (345.265+341.72)/ 2 )
=-1  *  -38.198/343.4925
=11.12 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=321.621 + 23.644
=345.265

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=332.264 + 9.456
=341.72

Basic Energy Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2020 )+Total Debt  (Q: Mar. 2021 ))/ count )
=-1  *  -48.096/( (341.72+344.406)/ 2 )
=-1  *  -48.096/343.063
=14.02 %

where

Total Debt  (Q: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=332.264 + 9.456
=341.72

Total Debt  (Q: Mar. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=335.767 + 8.639
=344.406

* 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 (Mar. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Basic Energy Services  (OTCPK:BASWQ) Effective Interest Rate on Debt % Explanation

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


Basic Energy Services Effective Interest Rate on Debt % Related Terms

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Basic Energy Services (Basic Energy Services) Business Description

Industry
Comparable Companies
Traded in Other Exchanges
N/A
Address
801 Cherry Street, Suite 2100, Fort Worth, TX, USA, 76102
Basic Energy Services Inc is a provider of well-site services to oil and natural gas drilling and producing companies. Its operating segments are Completion and Remedial Services, Well Servicing, and Water Logistics. The company generates maximum revenue from Well Servicing segment. Its Well Servicing segment performs a full range of services with a mobile well servicing rig, or workover rig, and ancillary equipment.
Executives
Reeb Robert J. Iii officer: VP and General Counsel 801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Michael S Henry officer: See Remarks 801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Pedro R. Buhigas officer: See Remarks 801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Brandon B. Mcguire officer: SVP, Central Region 801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Ross Solomon director 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Derek Jeong director 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Sterling Renshaw officer: SVP, Western Region 3990 ROGERDALE RD., HOUSTON TX 77042
Lawrence A. First director C/O ASCRIBE CAPITAL 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171
Ascribe Iii Investments Llc 10 percent owner 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Ascribe Capital Llc 10 percent owner 590 MADISON AVENUE 38TH FLOOR NEW YORK NY 10022
American Securities Llc 10 percent owner 590 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Keith L Schilling director, officer: See Remarks 24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
David Scott Schorlemer officer: See Remarks 16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Richard Scott Wegner officer: See Remarks 801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102
Adam Logan Hurley officer: See Remarks 801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102

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