Tower Resources (FRA:ULF1) Effective Interest Rate on Debt % : 7.69% (As of Jun. 2024)

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What is Tower Resources 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. Tower Resources's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €0.00 Mil. Tower Resources's average total debt for the quarter that ended in Jun. 2024 was €0.03 Mil. Therefore, Tower Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 7.69%.

Tower Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Tower Resources'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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Tower Resources Effective Interest Rate on Debt % Chart

Tower Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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10.58

14.69

22.98

4.35

1,495.52

Tower Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.08	-	1,038.89	1,993.65	7.69

Competitive Comparison of Tower Resources's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Tower Resources'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.

Tower Resources's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

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Tower Resources Effective Interest Rate on Debt % Calculation

Tower Resources'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 * -0.501	/	( (0.038	+	0.029)	/ 2 )
=	-1 * -0.501	/	0.0335
=	1,495.52 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.027	+	0.011
=	0.038

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.017	+	0.012
=	0.029

Tower Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.002	/	( (0.029	+	0.023)	/ 2 )
=	-1 * -0.002	/	0.026
=	7.69 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.017	+	0.012
=	0.029

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.011	+	0.012
=	0.023

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

Tower Resources (FRA:ULF1) Effective Interest Rate on Debt % Explanation

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

Tower Resources Effective Interest Rate on Debt % Related Terms

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Tower Resources Business Description

Industry

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TRP:UK

Address

134 Buckingham Palace Road, Westminster, London, GBR, SW1W 9SA

Website

https://www.towerresources.co.uk

Tower Resources PLC is a upstream oil and gas company. It is engaged in the exploration of oil and gas and has exploration projects in Cameroon, South Africa, Namibia and Western Sahara. It is an operator of international licenses with a focus on projects in Africa. The company has two reportable operating segments: Africa and Head Office.

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