1st NRG (1st NRG) Effective Interest Rate on Debt % : 25.32% (As of Sep. 2009)

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What is 1st NRG 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. 1st NRG's annualized positive value of Interest Expense for the quarter that ended in Sep. 2009 was $0.02 Mil. 1st NRG's average total debt for the quarter that ended in Sep. 2009 was $0.08 Mil. Therefore, 1st NRG's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2009 was 25.32%.

1st NRG Effective Interest Rate on Debt % Historical Data

The historical data trend for 1st NRG'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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1st NRG Effective Interest Rate on Debt % Chart

1st NRG Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Effective Interest Rate on Debt %

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18.87

1st NRG Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	40.51	-	13.56	25.32

Competitive Comparison of 1st NRG's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, 1st NRG'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.

1st NRG's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, 1st NRG's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where 1st NRG's Effective Interest Rate on Debt % falls into.

1st NRG Effective Interest Rate on Debt % Calculation

1st NRG's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2008 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2007 )	+	Total Debt (A: Dec. 2008 ))	/ count )
=	-1 * -0.005	/	( (0.013	+	0.04)	/ 2 )
=	-1 * -0.005	/	0.0265
=	18.87 %

where

	Total Debt (A: Dec. 2007 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.013	+	0
=	0.013

	Total Debt (A: Dec. 2008 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.027	+	0.013
=	0.04

1st NRG's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2009 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2009 )	+	Total Debt (Q: Sep. 2009 ))	/ count )
=	-1 * -0.02	/	( (0.078	+	0.08)	/ 2 )
=	-1 * -0.02	/	0.079
=	25.32 %

where

	Total Debt (Q: Jun. 2009 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.028	+	0.05
=	0.078

	Total Debt (Q: Sep. 2009 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.029	+	0.051
=	0.08

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. 2009) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

1st NRG (OTCPK:FNRC) Effective Interest Rate on Debt % Explanation

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

1st NRG Effective Interest Rate on Debt % Related Terms

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1st NRG (1st NRG) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 1st NRG Corp (OTCPK:FNRC) » Definitions » Effective Interest Rate on Debt %

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Address

1531 Stout Street, Suite 607, Denver, CO, USA, 80202

Website

http://1stnrg-corp.com

1st NRG Corp is an exploration and production company. The company is primarily engaged in the development of natural gas producing properties in the Powder River Basin of Wyoming. The company operates in one industry segment, the exploration, development, production, and sale of oil and natural gas. Its project portfolio comprises Clabaugh ranch, eastern Ohio - Beekmantown dolomite, and coalbed methane.

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