Golar LNG (MEX:GLNG) Effective Interest Rate on Debt % : 0.21% (As of Sep. 2024)

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What is Golar LNG 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. Golar LNG's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was MXN53 Mil. Golar LNG's average total debt for the quarter that ended in Sep. 2024 was MXN24,900 Mil. Therefore, Golar LNG's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.21%.

Golar LNG Effective Interest Rate on Debt % Historical Data

The historical data trend for Golar LNG'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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Golar LNG Effective Interest Rate on Debt % Chart

Golar LNG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.95

1.90

1.91

1.38

0.15

Golar LNG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.05	-0.36	3.20	4.72	0.21

Competitive Comparison of Golar LNG's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, Golar LNG'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.

Golar LNG's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Golar LNG Effective Interest Rate on Debt % Calculation

Golar LNG'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 * -33.575	/	( (23282.884	+	20777.719)	/ 2 )
=	-1 * -33.575	/	22030.3015
=	0.15 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16535.201	+	6747.683
=	23282.884

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14938.102	+	5839.617
=	20777.719

Golar LNG's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -53.4	/	( (21642.491	+	28157.326)	/ 2 )
=	-1 * -53.4	/	24899.9085
=	0.21 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15141.016	+	6501.475
=	21642.491

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21314.789	+	6842.537
=	28157.326

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 four times the quarterly (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Golar LNG (MEX:GLNG) Effective Interest Rate on Debt % Explanation

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

Golar LNG Effective Interest Rate on Debt % Related Terms

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Golar LNG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Ltd (MEX:GLNG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

HESM PAGP KNTK FRO STNG INSW VNOM GLP DHT GEL TSX:ENB WMB EPD OKE ET KMI TSX:TRP MPLX LNG TRGP

Traded in Other Exchanges

GLNG:USA 0HDY:UK G2O:Germany G20:Germany G2O:Germany

Address

9 Par-la-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11

Website

https://www.golarlng.com

Golar LNG Ltd is a midstream LNG company that operates in the transportation, regasification, liquefaction, and trading of LNG. The segment in which the group operates includes Shipping, FLNG (Floating Liquefaction Natural Gas vessels), and Corporate and other. It generates maximum revenue from the FLNG segment.