FTXP (Foothills Exploration) Effective Interest Rate on Debt %: 68.36% (As of Sep. 2019)

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What is Foothills Exploration Effective Interest Rate on Debt %?

Foothills Exploration FTXP -99.00% Effective Interest Rate on Debt % is 68.36% as of Sep. 2019.

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. Foothills Exploration's annualized positive value of Interest Expense for the quarter that ended in Sep. 2019 was $7.12 Mil. Foothills Exploration's average total debt for the quarter that ended in Sep. 2019 was $10.42 Mil. Therefore, Foothills Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 was 68.36%.

Foothills Exploration  (OTCPK:FTXP) Effective Interest Rate on Debt % Explanation

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

Foothills Exploration Effective Interest Rate on Debt % Related Terms

Foothills Exploration Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Foothills 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.

Foothills Exploration Effective Interest Rate on Debt % Chart

Foothills Exploration Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.00 0.00 0.85 12.71 25.38

Foothills Exploration Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.37 47.78 318.64 20.13 68.36

FTXP vs CNRR, GBR, ENRJ: Effective Interest Rate on Debt % Comparison

For the Oil & Gas E&P subindustry, Foothills 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.

Foothills Exploration Effective Interest Rate on Debt % vs Oil & Gas Industry

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

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


Foothills Exploration Effective Interest Rate on Debt % Calculation

Foothills Exploration'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  *  -2.247/( (8.647+9.06)/ 2 )
=-1  *  -2.247/8.8535
=25.38 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 8.647
=8.647

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.033 + 9.027
=9.06

Foothills Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2019 )+Total Debt  (Q: Sep. 2019 ))/ count )
=-1  *  -7.12/( (10.174+10.657)/ 2 )
=-1  *  -7.12/10.4155
=68.36 %

where

Total Debt  (Q: Jun. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.047 + 10.127
=10.174

Total Debt  (Q: Sep. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 10.657
=10.657

* 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.

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

What does a Effective Interest Rate on Debt % of 68.36% mean?
Foothills Exploration (FTXP) has a Effective Interest Rate on Debt % of 68.36% as of Sep. 2019. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Foothills Exploration and its competitors.
Is Foothills Exploration's Effective Interest Rate on Debt % too high?
Foothills Exploration's current Effective Interest Rate on Debt % is 68.36%.
How does Foothills Exploration's Effective Interest Rate on Debt % compare to CNRR and GBR?
Foothills Exploration's Effective Interest Rate on Debt % of 68.36% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Oil & Gas company?
A good Effective Interest Rate on Debt % depends on the Oil & Gas industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Foothills Exploration and its competitors. Foothills Exploration's current Effective Interest Rate on Debt % is 68.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Foothills Exploration stock overvalued right now?
Foothills Exploration (FTXP) has a current Effective Interest Rate on Debt % of 68.36%. The current Effective Interest Rate on Debt % is 68.36%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Foothills Exploration (FTXP), the current Effective Interest Rate on Debt % is 68.36% as of Sep. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Foothills Exploration Business Description

Industry EnergyOil & Gas
Address 2660 Townsgate Road, Suite 800, Westlake Village, CA, USA, 91361
Foothills Exploration Inc is an independent oil and gas exploration and production company. It engages in the acquisition and development of oil and natural gas properties. The firm is actively focused on acquiring producing and developmental properties in the Rockies and Gulf Coast regions. Its projects include Wind River Basin, Stagecoach Project, and Altamont-Bluebell Project.