OILRF (Oil Refineries) Effective Interest Rate on Debt % : 9.92% (As of Sep. 2024)

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What is Oil Refineries 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. Oil Refineries's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $112 Mil. Oil Refineries's average total debt for the quarter that ended in Sep. 2024 was $1,129 Mil. Therefore, Oil Refineries's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 9.92%.

Oil Refineries Effective Interest Rate on Debt % Historical Data

The historical data trend for Oil Refineries'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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Oil Refineries Effective Interest Rate on Debt % Chart

Oil Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.34

6.45

5.66

7.09

8.07

Oil Refineries 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															9.48	7.92	9.55	10.19	9.92

Competitive Comparison of Oil Refineries's Effective Interest Rate on Debt %

For the Oil & Gas Refining & Marketing subindustry, Oil Refineries'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.

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

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

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

Oil Refineries Effective Interest Rate on Debt % Calculation

Oil Refineries'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 * -110.697	/	( (1424.515	+	1319.172)	/ 2 )
=	-1 * -110.697	/	1371.8435
=	8.07 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1152.895	+	271.62
=	1424.515

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1032.914	+	286.258
=	1319.172

Oil Refineries'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 * -111.996	/	( (1156.456	+	1102.352)	/ 2 )
=	-1 * -111.996	/	1129.404
=	9.92 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	937.48	+	218.976
=	1156.456

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	856.602	+	245.75
=	1102.352

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.

Oil Refineries (OTCPK:OILRF) Effective Interest Rate on Debt % Explanation

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

Oil Refineries Effective Interest Rate on Debt % Related Terms

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Oil Refineries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil Refineries Ltd (OTCPK:OILRF) » Definitions » Effective Interest Rate on Debt %

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ORL:Israel

Address

P.O. Box 4, Haifa, ISR, 310001

Website

https://www.bazan.co.il

Oil Refineries Ltd (ORL), also known as Bazan Group, engages in the production of fuel products. It also manufactures raw materials for the petrochemical industry and materials for the plastic industry, including oils, wax, and accompanying products. The company also provides power and water (mainly electricity and steam) services to a number of industries located near the refinery in Israel. The variety of products refined by ORL is used in industrial operations, transportation, private consumption, agriculture, and infrastructures. ORL plays a key role in Israel's refinery complex, with a major portion of refined products going to local consumption. Although the majority of operations are consumed by refining, ORL is also active in polymer and aromatic production through subsidiaries.

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