Okmin Resources (Okmin Resources) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Okmin Resources 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. Okmin Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Okmin Resources's average total debt for the quarter that ended in Dec. 2023 was $0.17 Mil. Therefore, Okmin Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Okmin Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Okmin Resources'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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Okmin Resources Effective Interest Rate on Debt % Chart

Okmin Resources Annual Data

Trend

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

Okmin Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Competitive Comparison of Okmin Resources's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Okmin Resources'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.

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

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

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

Okmin Resources Effective Interest Rate on Debt % Calculation

Okmin Resources'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	/	( (0.219	+	0.171)	/ 2 )
=	-1 * 0	/	0.195
=	0.00 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.219	+	0
=	0.219

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.171	+	0
=	0.171

Okmin Resources'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0.171	+	0.167)	/ 2 )
=	-1 * 0	/	0.169
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.171	+	0
=	0.171

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.167	+	0
=	0.167

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Okmin Resources (OTCPK:OKMN) Effective Interest Rate on Debt % Explanation

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

Okmin Resources Effective Interest Rate on Debt % Related Terms

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Okmin Resources (Okmin Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Okmin Resources Inc (OTCPK:OKMN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16501 Ventura Boulevard, Suite 400, Encino, Los Angeles, CA, USA, 91436

Website

https://www.okminresources.com

Okmin Resources Inc is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. It engages in the business of the acquisition, exploration, and development of mineral rights and natural resource assets. The company's projects are located in Oklahoma and Kansas. Its projects comprise Vitt Project Kansas; West Sheppard Pool Field in North East Oklahoma; and Pushmataha in South East Oklahoma.

Executives

Roy Mansano	10 percent owner	5343 OSTROM AVE., ENCINO CA 91316
Thomas Lapinski	director	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436
Jonathan Herzog	director, 10 percent owner, officer: President and CEO	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436

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