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CGXEF (CGX Energy) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2024)


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What is CGX 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. CGX Energy's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.57 Mil. CGX Energy's average total debt for the quarter that ended in Sep. 2024 was $0.00 Mil. Therefore, CGX Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was N/A%.


CGX Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for CGX 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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CGX Energy Effective Interest Rate on Debt % Chart

CGX Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.01 - 10.32 22.68 -

CGX Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - - - - -

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

For the Oil & Gas E&P subindustry, CGX 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.


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

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

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



CGX Energy Effective Interest Rate on Debt % Calculation

CGX Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -0.567/( (0+0)/ 1 )
=-1  *  -0.567/0
=N/A %

where

CGX Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -0.572/( (0+0)/ 1 )
=-1  *  -0.572/0
=N/A %

where

* 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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


CGX Energy  (OTCPK:CGXEF) Effective Interest Rate on Debt % Explanation

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


CGX Energy Effective Interest Rate on Debt % Related Terms

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CGX Energy Business Description

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Address
333 Bay Street, Suite 2400, Toronto, ON, CAN, M5H 2T6
CGX Energy Inc. is a Canada-based company engaged in petroleum and natural gas exploration offshore the Cooperative Republic of Guyana, South America (Guyana), and the construction of a deepwater port on the Berbice River in Guyana.

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