Parkmead Group (The) (LSE:PMG) Effective Interest Rate on Debt % : 19.49% (As of Dec. 2023)

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What is Parkmead Group (The) 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. Parkmead Group (The)'s annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £0.21 Mil. Parkmead Group (The)'s average total debt for the quarter that ended in Dec. 2023 was £1.09 Mil. Therefore, Parkmead Group (The)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 19.49%.

Parkmead Group (The) Effective Interest Rate on Debt % Historical Data

The historical data trend for Parkmead Group (The)'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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Parkmead Group (The) Effective Interest Rate on Debt % Chart

Parkmead Group (The) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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17.33

26.31

88.48

16.77

Parkmead Group (The) 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															142.94	124.24	17.17	26.08	19.49

Competitive Comparison of Parkmead Group (The)'s Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Parkmead Group (The)'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.

Parkmead Group (The)'s Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Parkmead Group (The)'s Effective Interest Rate on Debt % falls into.

Parkmead Group (The) Effective Interest Rate on Debt % Calculation

Parkmead Group (The)'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.267	/	( (1.728	+	1.457)	/ 2 )
=	-1 * -0.267	/	1.5925
=	16.77 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.587	+	0.141
=	1.728

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.248	+	0.209
=	1.457

Parkmead Group (The)'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 * -0.212	/	( (1.457	+	0.718)	/ 2 )
=	-1 * -0.212	/	1.0875
=	19.49 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.248	+	0.209
=	1.457

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.718	+	0
=	0.718

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.

Parkmead Group (The) (LSE:PMG) Effective Interest Rate on Debt % Explanation

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

Parkmead Group (The) Effective Interest Rate on Debt % Related Terms

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Parkmead Group (The) (LSE:PMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parkmead Group (The) PLC (LSE:PMG) » Definitions » Effective Interest Rate on Debt %

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PMG.GB:UK

Address

4 Queen’s Terrace, Aberdeen, GBR, AB10 1XL

Website

https://www.parkmeadgroup.com

Parkmead Group (The) PLC is a UK-based independent oil and gas, exploration and production company. It produces natural gas from a portfolio of fields across the Netherlands. The firm has three segments namely Oil and gas exploration and production which invests in oil and gas exploration and production assets; the Energy economics segment that provides energy sector economics, valuation and benchmarking, advising on energy policies and fiscal matters, among others and the Renewables segment involves mixed farming activities as well as renewable energy opportunities. It generates a majority of its revenue from the oil and gas exploration and production segment.

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