FieldPoint Petroleum (FieldPoint Petroleum) Effective Interest Rate on Debt % : 8.06% (As of Mar. 2019)

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What is FieldPoint Petroleum 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. FieldPoint Petroleum's annualized positive value of Interest Expense for the quarter that ended in Mar. 2019 was $0.21 Mil. FieldPoint Petroleum's average total debt for the quarter that ended in Mar. 2019 was $2.58 Mil. Therefore, FieldPoint Petroleum's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2019 was 8.06%.

FieldPoint Petroleum Effective Interest Rate on Debt % Historical Data

The historical data trend for FieldPoint Petroleum'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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FieldPoint Petroleum Effective Interest Rate on Debt % Chart

FieldPoint Petroleum Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Effective Interest Rate on Debt %

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3.76

4.00

4.44

6.28

FieldPoint Petroleum Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.07	5.69	7.27	7.58	8.06

Competitive Comparison of FieldPoint Petroleum's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, FieldPoint Petroleum'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.

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

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

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

FieldPoint Petroleum Effective Interest Rate on Debt % Calculation

FieldPoint Petroleum's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2017 )	+	Total Debt (A: Dec. 2018 ))	/ count )
=	-1 * -0.168	/	( (2.762	+	2.585)	/ 2 )
=	-1 * -0.168	/	2.6735
=	6.28 %

where

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.762
=	2.762

	Total Debt (A: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.585
=	2.585

FieldPoint Petroleum's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2018 )	+	Total Debt (Q: Mar. 2019 ))	/ count )
=	-1 * -0.208	/	( (2.585	+	2.578)	/ 2 )
=	-1 * -0.208	/	2.5815
=	8.06 %

where

	Total Debt (Q: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.585
=	2.585

	Total Debt (Q: Mar. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.578
=	2.578

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. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

FieldPoint Petroleum (OTCPK:FPPP) Effective Interest Rate on Debt % Explanation

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

FieldPoint Petroleum Effective Interest Rate on Debt % Related Terms

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FieldPoint Petroleum (FieldPoint Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » FieldPoint Petroleum Corp (OTCPK:FPPP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

609 Castle Ridge Road, Suite 335, Austin, TX, USA, 78746

Website

http://www.fppcorp.com

FieldPoint Petroleum Corp is a US based company operates in oil and natural gas business. The business activity of the group includes acquisition, development, and operation of oil and natural gas properties. It holds an interest in properties such as Spraberry Trend, and Serbin Field, Texas; Flying M Field, Sulimar Field, North Bilbrey Field, Lusk Field, and Loving North Morrow Field, New Mexico and others. Geographically activities are conducted generally through the region of United States.

Executives

Daniel R Robinson

director

190 COYOTE COURT, ARGYLE TX 76226