Savannah Energy (LSE:SAVE) Effective Interest Rate on Debt % : 15.66% (As of Jun. 2023)

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What is Savannah 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. Savannah Energy's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was £78.0 Mil. Savannah Energy's average total debt for the quarter that ended in Jun. 2023 was £498.4 Mil. Therefore, Savannah Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 15.66%.

Savannah Energy Effective Interest Rate on Debt % Historical Data

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

Savannah Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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10.44

3.88

13.45

14.01

13.29

Savannah Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	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														13.83	14.49	13.81	14.05	15.66

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

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

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

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

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

Savannah Energy Effective Interest Rate on Debt % Calculation

Savannah 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 * -62.059	/	( (399.333	+	534.363)	/ 2 )
=	-1 * -62.059	/	466.848
=	13.29 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	85.698	+	313.635
=	399.333

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	86.899	+	447.464
=	534.363

Savannah 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 * -78.046	/	( (534.363	+	462.51)	/ 2 )
=	-1 * -78.046	/	498.4365
=	15.66 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	86.899	+	447.464
=	534.363

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	125.737	+	336.773
=	462.51

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.

Savannah Energy (LSE:SAVE) Effective Interest Rate on Debt % Explanation

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

Savannah Energy Effective Interest Rate on Debt % Related Terms

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Savannah Energy (LSE:SAVE) Business Description

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Address

40 Bank Street, London, GBR, E14 5NR

Website

https://www.savannah-energy.com

Savannah Energy PLC is an energy producer in Nigeria and, via its controlling interest in the Accugas midstream business. It currently provides gas to power stations accounting for over 10% of Nigeria's power generation capacity and operates privately-owned gas transportation and distribution systems in sub-Saharan Africa. In Niger, it is focused on developing its flagship assets in the prolific Agadem Rift Basin, with plans to deliver the first oil in the near term. Its geographical segments are Nigeria, Cameroon, and Niger. It generates the majority of its revenue from Nigeria.