Coro Energy (LSE:CORO) Effective Interest Rate on Debt % : 11.78% (As of Jun. 2023)

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What is Coro 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. Coro Energy's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was £2.72 Mil. Coro Energy's average total debt for the quarter that ended in Jun. 2023 was £23.10 Mil. Therefore, Coro Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 11.78%.

Coro Energy Effective Interest Rate on Debt % Historical Data

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

Coro Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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11.78

16.47

17.50

13.63

Coro Energy Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												17.30	17.69	15.39	11.71	11.78

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

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

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

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

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

Coro Energy Effective Interest Rate on Debt % Calculation

Coro Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -2.942	/	( (20.031	+	23.138)	/ 2 )
=	-1 * -2.942	/	21.5845
=	13.63 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	20.031
=	20.031

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.138	+	0
=	23.138

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -2.722	/	( (23.138	+	23.067)	/ 2 )
=	-1 * -2.722	/	23.1025
=	11.78 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.138	+	0
=	23.138

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	23.067
=	23.067

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

Coro Energy (LSE:CORO) Effective Interest Rate on Debt % Explanation

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

Coro Energy Effective Interest Rate on Debt % Related Terms

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Coro Energy (LSE:CORO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coro Energy PLC (LSE:CORO) » Definitions » Effective Interest Rate on Debt %

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Address

1 Park Row, c/o Pinsent Masons LLP, Leeds, GBR, LS1 5AB

Website

https://www.coroenergyplc.com

Coro Energy PLC is an oil and gas exploration company focused on delivering long-term production of natural gas. The company has two business units namely Exploration and Development and Production. It generates maximum revenue from the Development and Production segment. The company has four gas fields, namely Sillaro, Bezzecca, Rapagnano, and Casa Tiberi.

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