Block Energy (LSE:BLOE) Effective Interest Rate on Debt % : -18.25% (As of Dec. 2023)

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What is Block Energy 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. Block Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £-0.28 Mil. Block Energy's average total debt for the quarter that ended in Dec. 2023 was £1.56 Mil. Therefore, Block Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -18.25%.

Block Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Block Energy'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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Block Energy Effective Interest Rate on Debt % Chart

Block Energy Annual Data

Trend

Jun16

Jun17

Jun18

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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24.41

15.91

-3.48

Block Energy Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									-	-	-	11.35	-18.25

Competitive Comparison of Block Energy's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Block Energy'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.

Block Energy's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Block Energy Effective Interest Rate on Debt % Calculation

Block Energy'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 * 0.055	/	( (0	+	1.58)	/ 1 )
=	-1 * 0.055	/	1.58
=	-3.48 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.58
=	1.58

Block Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0.284	/	( (1.533	+	1.58)	/ 2 )
=	-1 * 0.284	/	1.5565
=	-18.25 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.533	+	0
=	1.533

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.58
=	1.58

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Block Energy (LSE:BLOE) Effective Interest Rate on Debt % Explanation

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

Block Energy Effective Interest Rate on Debt % Related Terms

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Block Energy (LSE:BLOE) Business Description

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BE9:Germany

Address

25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF

Website

https://www.blockenergy.co.uk

Block Energy PLC is an oil exploration, development and production company whose main country of operation is the Republic of Georgia. Its segments include Oil extraction in Georgia and the Corporate function. The company has interests in the Norio oil field, Satskhenisi, and West Rustavi field.

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