Sirius Petroleum (LSE:SRSP) Effective Interest Rate on Debt %: 0.80% (As of Jun. 2018)

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What is Sirius Petroleum Effective Interest Rate on Debt %?

Sirius Petroleum LSE:SRSP Effective Interest Rate on Debt % is 0.80% as of Jun. 2018. The stock has 4 warning signs investors should review.

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. Sirius Petroleum's annualized positive value of Interest Expense for the quarter that ended in Jun. 2018 was £0.00 Mil. Sirius Petroleum's average total debt for the quarter that ended in Jun. 2018 was £0.25 Mil. Therefore, Sirius Petroleum's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 was 0.80%.


Sirius Petroleum  (LSE:SRSP) Effective Interest Rate on Debt % Explanation

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


Sirius Petroleum Effective Interest Rate on Debt % Related Terms


Sirius Petroleum Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Sirius Petroleum'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.

Sirius Petroleum Effective Interest Rate on Debt % Chart

Sirius Petroleum Annual Data
Trend Jul08 Jul09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.44 1.07 1.71 103.16 15.99

Sirius Petroleum Semi-Annual Data
Jan08 Jul08 Jan09 Jul09 Jan10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.71 -0.97 5.02 23.10 0.80

LSE:SRSP vs WHZT, GSPE: Effective Interest Rate on Debt % Comparison

For the Oil & Gas E&P subindustry, Sirius Petroleum'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.


Sirius Petroleum Effective Interest Rate on Debt % vs Oil & Gas Industry

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

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



Sirius Petroleum Effective Interest Rate on Debt % Calculation

Sirius Petroleum's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2016 )+Total Debt  (A: Dec. 2017 ))/ count )
=-1  *  -0.091/( (0.887+0.251)/ 2 )
=-1  *  -0.091/0.569
=15.99 %

where

Sirius Petroleum's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2017 )+Total Debt  (Q: Jun. 2018 ))/ count )
=-1  *  -0.002/( (0.251+0.247)/ 2 )
=-1  *  -0.002/0.249
=0.80 %

where

* 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.

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. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 0.80% mean?
Sirius Petroleum (LSE:SRSP) has a Effective Interest Rate on Debt % of 0.80% as of Jun. 2018. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Sirius Petroleum and its competitors.
Is Sirius Petroleum's Effective Interest Rate on Debt % too high?
Sirius Petroleum's current Effective Interest Rate on Debt % is 0.80%.
How does Sirius Petroleum's Effective Interest Rate on Debt % compare to WHZT and GSPE?
Sirius Petroleum's Effective Interest Rate on Debt % of 0.80% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Oil & Gas company?
A good Effective Interest Rate on Debt % depends on the Oil & Gas industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Sirius Petroleum and its competitors. Sirius Petroleum's current Effective Interest Rate on Debt % is 0.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sirius Petroleum stock overvalued right now?
Sirius Petroleum (LSE:SRSP) has a current Effective Interest Rate on Debt % of 0.80%. The current Effective Interest Rate on Debt % is 0.80%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Sirius Petroleum (LSE:SRSP), the current Effective Interest Rate on Debt % is 0.80% as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sirius Petroleum Business Description

Industry EnergyOil & Gas
Address 25 Bury Street, 1st Floor, London, GBR, SW1Y 6AL
Sirius Petroleum PLC is an independent oil development company. It focuses on opportunities in the oil and gas sector with particular emphasis in Nigeria. The company acquires and develops offshore proven oil discoveries in Nigeria that have beneficial indigenous tax regimes. The company has only one operating segment: Oil Extraction and Related Activities.