Blueknight Energy Partners LP (Blueknight Energy Partners LP) Effective Interest Rate on Debt % : 3.26% (As of Jun. 2022)

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What is Blueknight Energy Partners LP 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. Blueknight Energy Partners LP's annualized positive value of Interest Expense for the quarter that ended in Jun. 2022 was $4.0 Mil. Blueknight Energy Partners LP's average total debt for the quarter that ended in Jun. 2022 was $122.1 Mil. Therefore, Blueknight Energy Partners LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 was 3.26%.

Blueknight Energy Partners LP Effective Interest Rate on Debt % Historical Data

The historical data trend for Blueknight Energy Partners LP'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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Blueknight Energy Partners LP Effective Interest Rate on Debt % Chart

Blueknight Energy Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

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4.42

5.50

2.43

1.77

1.83

Blueknight Energy Partners LP Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.06	2.73	2.78	2.72	3.26

Competitive Comparison of Blueknight Energy Partners LP's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, Blueknight Energy Partners LP'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.

Blueknight Energy Partners LP's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Blueknight Energy Partners LP Effective Interest Rate on Debt % Calculation

Blueknight Energy Partners LP's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -3.358	/	( (261.256	+	106.121)	/ 2 )
=	-1 * -3.358	/	183.6885
=	1.83 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	259.572	+	1.684
=	261.256

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	104.703	+	1.418
=	106.121

Blueknight Energy Partners LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Jun. 2022 ))	/ count )
=	-1 * -3.98	/	( (122.777	+	121.42)	/ 2 )
=	-1 * -3.98	/	122.0985
=	3.26 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	121.394	+	1.383
=	122.777

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	120.051	+	1.369
=	121.42

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 (Jun. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Blueknight Energy Partners LP (NAS:BKEP) Effective Interest Rate on Debt % Explanation

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

Blueknight Energy Partners LP Effective Interest Rate on Debt % Related Terms

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Blueknight Energy Partners LP (Blueknight Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Blueknight Energy Partners LP (NAS:BKEP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

NGL OSG SMLP MMLP GLOP DLNG GPP HMLP SNMP TK TSX:ENB EPD TSX:TRP LNG KMI WMB ET MPLX CQP OKE

Traded in Other Exchanges

N/A

Address

6060 American Plaza, Suite 600, Tulsa, OK, USA, 74135

Website

http://www.bkep.com

Blueknight Energy Partners LP is a limited partnership operating in the US. The company is engaged in providing storage, gathering, and distribution services that support the domestic transportation infrastructure markets.

Executives

D Andrew Woodward	officer: Chief Financial Officer	C/O ANDX, FINDLAY OH 45840
Steven M Bradshaw	director	7802 OVERBROOK LANE, HOUSTON TX 77063
Matthew R Lewis	officer: Chief Financial Officer	6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
William Walter Lampton	director	2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Robert Howard Lampton	director	2829 LAKELAND DRIVE, 2000, FLOWOOD MS 39232
Michael G Mclanahan	officer: Chief Accounting Officer	6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
Mark A. Hurley	officer: Chief Executive Officer	201 NW 10TH, SUITE 200, OKLAHOMA CITY OK 73103
Joel Pastorek	director	2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Duke R Ligon	director	2800 WEST COUNTRY CLUB DRIVE, SUITE E, OKLAHOMA CITY OK 73116
Wiley Rebhun Adams	director	2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Msd Partners, L.p.	10 percent owner	ONE VANDERBILT AVENUE, 26TH FLOOR, NEW YORK NY 10017
Alex G Stallings	other: CAO & Sec. of GP of Issuer	6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
Joel Kanvik	officer: Cheif Legal Officer	6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
Edward Drew Brooks	director	2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Jimmy Arden Langdon	director	2829 LAKELAND DRIVE, FLOWOOD MS 39232