Europa Oil & Gas (Holdings) (FRA:EGN) Effective Interest Rate on Debt % : 3,354.84% (As of Jul. 2024)

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What is Europa Oil & Gas (Holdings) 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. Europa Oil & Gas (Holdings)'s annualized positive value of Interest Expense for the quarter that ended in Jul. 2024 was €0.52 Mil. Europa Oil & Gas (Holdings)'s average total debt for the quarter that ended in Jul. 2024 was €0.02 Mil. Therefore, Europa Oil & Gas (Holdings)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 was 3,354.84%.

Europa Oil & Gas (Holdings) Effective Interest Rate on Debt % Historical Data

The historical data trend for Europa Oil & Gas (Holdings)'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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Europa Oil & Gas (Holdings) Effective Interest Rate on Debt % Chart

Europa Oil & Gas (Holdings) Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Effective Interest Rate on Debt %

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305.62

263.73

310.73

1,102.27

2,605.00

Europa Oil & Gas (Holdings) Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															462.07	1,096.77	1,046.15	2,390.70	3,354.84

Competitive Comparison of Europa Oil & Gas (Holdings)'s Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Europa Oil & Gas (Holdings)'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.

Europa Oil & Gas (Holdings)'s Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Europa Oil & Gas (Holdings)'s Effective Interest Rate on Debt % falls into.

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Europa Oil & Gas (Holdings) Effective Interest Rate on Debt % Calculation

Europa Oil & Gas (Holdings)'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2023 )	+	Total Debt (A: Jul. 2024 ))	/ count )
=	-1 * -0.521	/	( (0.026	+	0.014)	/ 2 )
=	-1 * -0.521	/	0.02
=	2,605.00 %

where

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.014	+	0.012
=	0.026

	Total Debt (A: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.007	+	0.007
=	0.014

Europa Oil & Gas (Holdings)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2024 )	+	Total Debt (Q: Jul. 2024 ))	/ count )
=	-1 * -0.52	/	( (0.017	+	0.014)	/ 2 )
=	-1 * -0.52	/	0.0155
=	3,354.84 %

where

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.007	+	0.01
=	0.017

	Total Debt (Q: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.007	+	0.007
=	0.014

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 two times the semi-annual (Jul. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Europa Oil & Gas (Holdings) (FRA:EGN) Effective Interest Rate on Debt % Explanation

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

Europa Oil & Gas (Holdings) Effective Interest Rate on Debt % Related Terms

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Europa Oil & Gas (Holdings) Business Description

Industry

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EOG:UK

Address

54 Charlotte Street, London, GBR, W1T 2NS

Website

https://www.europaoil.com

Europa Oil & Gas (Holdings) PLC is an oil and gas exploration, development, and production company. It is focused on developing a balanced portfolio of assets in the North Sea, Atlantic Ireland, and West Africa, supported by revenue from onshore oil production in the United Kingdom. The company holds interests in the Broughton North prospect, West Firsby and Crosby Warren fields, Wressle-1 well, and Whisby W4 well. In the Irish Atlantic region, it considers the Inishkea prospect in the Slyne basin and near the Corrib gasfield as its flagship project in Ireland. The company has also acquired interest in the Block EG-08 offshore in the Douala Basin of Equatorial Guinea. Its reportable segments are the United Kingdom which derives key revenue, Ireland, and West Africa.