LOGL (Legend Oil & Gas) Effective Interest Rate on Debt %: 11.91% (As of Dec. 2016)


What is Legend Oil & Gas Effective Interest Rate on Debt %?

Legend Oil & Gas LOGL -90.00% Effective Interest Rate on Debt % is 11.91% as of Dec. 2016.

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. Legend Oil & Gas's annualized positive value of Interest Expense for the quarter that ended in Dec. 2016 was $1.03 Mil. Legend Oil & Gas's average total debt for the quarter that ended in Dec. 2016 was $8.67 Mil. Therefore, Legend Oil & Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2016 was 11.91%.

Legend Oil & Gas  (OTCPK:LOGL) Effective Interest Rate on Debt % Explanation

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

Legend Oil & Gas Effective Interest Rate on Debt % Related Terms

Legend Oil & Gas Effective Interest Rate on Debt % Historical Data

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The historical data trend for Legend Oil & Gas'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.

Legend Oil & Gas Effective Interest Rate on Debt % Chart

Legend Oil & Gas Annual Data
Trend Dec04 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.05 32.11 131.71 69.25 11.35

Legend Oil & Gas Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 122.56 6.50 11.14 14.05 11.91

LOGL vs ARSLF, PTRDF, DBRM: Effective Interest Rate on Debt % Comparison

For the Oil & Gas Midstream subindustry, Legend Oil & Gas'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.

Legend Oil & Gas Effective Interest Rate on Debt % vs Oil & Gas Industry

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

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


Legend Oil & Gas Effective Interest Rate on Debt % Calculation

Legend Oil & Gas's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2015 )+Total Debt  (A: Dec. 2016 ))/ count )
=-1  *  -0.738/( (3.929+9.079)/ 2 )
=-1  *  -0.738/6.504
=11.35 %

where

Total Debt  (A: Dec. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.605 + 1.324
=3.929

Total Debt  (A: Dec. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.384 + 0.695
=9.079

Legend Oil & Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2016 )+Total Debt  (Q: Dec. 2016 ))/ count )
=-1  *  -1.032/( (8.253+9.079)/ 2 )
=-1  *  -1.032/8.666
=11.91 %

where

Total Debt  (Q: Sep. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.608 + 0.645
=8.253

Total Debt  (Q: Dec. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.384 + 0.695
=9.079

* 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 (Dec. 2016) 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 11.91% mean?
Legend Oil & Gas (LOGL) has a Effective Interest Rate on Debt % of 11.91% as of Dec. 2016. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Legend Oil & Gas and its competitors.
Is Legend Oil & Gas' Effective Interest Rate on Debt % too high?
Legend Oil & Gas' current Effective Interest Rate on Debt % is 11.91%.
How does Legend Oil & Gas' Effective Interest Rate on Debt % compare to ARSLF and PTRDF?
Legend Oil & Gas' Effective Interest Rate on Debt % of 11.91% 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 Legend Oil & Gas and its competitors. Legend Oil & Gas's current Effective Interest Rate on Debt % is 11.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legend Oil & Gas stock overvalued right now?
Legend Oil & Gas (LOGL) has a current Effective Interest Rate on Debt % of 11.91%. The current Effective Interest Rate on Debt % is 11.91%. 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 Legend Oil & Gas (LOGL), the current Effective Interest Rate on Debt % is 11.91% as of Dec. 2016. 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.

Legend Oil & Gas Business Description

Industry EnergyOil & Gas
Address 555 North Point Center East, Suite 400, Alpharetta, GA, USA, 30022
Legend Oil & Gas Ltd is a crude oil hauling and trucking company. The company's principal operations are in the Bakken region of North Dakota and the Permian Basin in Texas and New Mexico. Its focus is to grow its core business and expand its crude oil hauling operations into other basins throughout the United States. The company's only segment is oil and gas.