Coastal Energy Co (LSE:CEO) Effective Interest Rate on Debt % : 9.87% (As of Sep. 2013)

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What is Coastal Energy Co 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. Coastal Energy Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2013 was £6.5 Mil. Coastal Energy Co's average total debt for the quarter that ended in Sep. 2013 was £65.9 Mil. Therefore, Coastal Energy Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2013 was 9.87%.

Coastal Energy Co Effective Interest Rate on Debt % Historical Data

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

Coastal Energy Co Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Effective Interest Rate on Debt %

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6.87

9.29

3.84

6.48

7.83

Coastal Energy Co Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															13.75	7.14	5.27	4.85	9.87

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

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

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

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

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

Coastal Energy Co Effective Interest Rate on Debt % Calculation

Coastal Energy Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2012 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2011 )	+	Total Debt (A: Dec. 2012 ))	/ count )
=	-1 * -4.259	/	( (49.959	+	58.867)	/ 2 )
=	-1 * -4.259	/	54.413
=	7.83 %

where

	Total Debt (A: Dec. 2011 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.224	+	35.735
=	49.959

	Total Debt (A: Dec. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58.846	+	0.021
=	58.867

Coastal Energy Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2013 )	+	Total Debt (Q: Sep. 2013 ))	/ count )
=	-1 * -6.5	/	( (61.891	+	69.827)	/ 2 )
=	-1 * -6.5	/	65.859
=	9.87 %

where

	Total Debt (Q: Jun. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.877	+	0.014
=	61.891

	Total Debt (Q: Sep. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	69.804	+	0.023
=	69.827

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. 2013) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Coastal Energy Co (LSE:CEO) Effective Interest Rate on Debt % Explanation

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

Coastal Energy Co Effective Interest Rate on Debt % Related Terms

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Coastal Energy Co (LSE:CEO) Business Description

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Website

http://www.CoastalEnergy.com

Coastal Energy Company was founded in 2004.The company is involved in the acquisition, exploration and development of oil and gas properties in the Gulf of Thailand and Malaysia. It is also involved in the acquisition, exploration and development of onshore petroleum properties in Thailand.