Jersey Oil and Gas (LSE:JOG) Effective Interest Rate on Debt % : 2.87% (As of Dec. 2023)

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What is Jersey Oil and Gas 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. Jersey Oil and Gas's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £0.00 Mil. Jersey Oil and Gas's average total debt for the quarter that ended in Dec. 2023 was £0.14 Mil. Therefore, Jersey Oil and Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.87%.

Jersey Oil and Gas Effective Interest Rate on Debt % Historical Data

The historical data trend for Jersey Oil and 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.

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Jersey Oil and Gas Effective Interest Rate on Debt % Chart

Jersey Oil and Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.60

4.08

2.75

3.34

3.76

Jersey Oil and Gas Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.24	3.31	3.38	1.67	2.87

Competitive Comparison of Jersey Oil and Gas's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Jersey Oil and 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.

Jersey Oil and Gas's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Jersey Oil and Gas Effective Interest Rate on Debt % Calculation

Jersey Oil and Gas'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 * -0.004	/	( (0.087	+	0.126)	/ 2 )
=	-1 * -0.004	/	0.1065
=	3.76 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.087
=	0.087

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.071	+	0.055
=	0.126

Jersey Oil and Gas'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 * -0.004	/	( (0.153	+	0.126)	/ 2 )
=	-1 * -0.004	/	0.1395
=	2.87 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.099	+	0.054
=	0.153

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.071	+	0.055
=	0.126

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.

Jersey Oil and Gas (LSE:JOG) Effective Interest Rate on Debt % Explanation

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

Jersey Oil and Gas Effective Interest Rate on Debt % Related Terms

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Jersey Oil and Gas (LSE:JOG) Business Description

Industry

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

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Traded in Other Exchanges

JOG.GB:UK TPC1:Germany

Address

5 St Andrew’s Place, Ground Floor, Channel Islands, St Helier, JEY, JE2 3RP

Website

https://www.jerseyoilandgas.com

Jersey Oil and Gas PLC and its subsidiaries are involved in upstream oil and gas business in the United Kingdom. The company's operating segment includes Oil and gas exploration, appraisal, development and production, in a single geographical location, the North Sea of the United Kingdom.

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