Kelt Exploration (FRA:2KE) Effective Interest Rate on Debt % : 108.50% (As of Mar. 2024)

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What is Kelt Exploration 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. Kelt Exploration's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €1.1 Mil. Kelt Exploration's average total debt for the quarter that ended in Mar. 2024 was €1.0 Mil. Therefore, Kelt Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 108.50%.

Kelt Exploration Effective Interest Rate on Debt % Historical Data

The historical data trend for Kelt Exploration'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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Kelt Exploration Effective Interest Rate on Debt % Chart

Kelt Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.11

7.84

25.00

20.15

18.69

Kelt Exploration Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															20.76	107.66	103.10	90.87	108.50

Competitive Comparison of Kelt Exploration's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Kelt Exploration'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.

Kelt Exploration's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Kelt Exploration Effective Interest Rate on Debt % Calculation

Kelt Exploration'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 * -0.895	/	( (8.581	+	0.996)	/ 2 )
=	-1 * -0.895	/	4.7885
=	18.69 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.23	+	0.351
=	8.581

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.227	+	0.769
=	0.996

Kelt Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -1.06	/	( (0.996	+	0.958)	/ 2 )
=	-1 * -1.06	/	0.977
=	108.50 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.227	+	0.769
=	0.996

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.205	+	0.753
=	0.958

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

Kelt Exploration (FRA:2KE) Effective Interest Rate on Debt % Explanation

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

Kelt Exploration Effective Interest Rate on Debt % Related Terms

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Kelt Exploration (FRA:2KE) Business Description

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KELTF:USA KEL:Canada

Address

311 – 6th Avenue S.W, Suite 300, Calgary, AB, CAN, T2P 3H2

Website

https://www.keltexploration.com

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in northwestern Alberta and northeastern British Columbia. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets. Product offerings for the energy firm consist of crude oil, natural gas liquids, and natural gas, with a majority of revenue delivered by Gas production.

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