Perkins Oil & Gas (Perkins Oil & Gas) Effective Interest Rate on Debt % : 51.61% (As of Dec. 2018)

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What is Perkins Oil & Gas 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. Perkins Oil & Gas's annualized positive value of Interest Expense for the quarter that ended in Dec. 2018 was $0.03 Mil. Perkins Oil & Gas's average total debt for the quarter that ended in Dec. 2018 was $0.06 Mil. Therefore, Perkins Oil & Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 was 51.61%.

Perkins Oil & Gas Effective Interest Rate on Debt % Historical Data

The historical data trend for Perkins Oil & Gas'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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Perkins Oil & Gas Effective Interest Rate on Debt % Chart

Perkins Oil & Gas Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Effective Interest Rate on Debt %

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6.45

3.45

4.76

2.04

38.98

Perkins Oil & Gas Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															18.60	51.28	123.08	47.86	51.61

Competitive Comparison of Perkins Oil & Gas's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Perkins Oil & Gas'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.

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

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

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

Perkins Oil & Gas Effective Interest Rate on Debt % Calculation

Perkins Oil & Gas's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2017 )	+	Total Debt (A: Jun. 2018 ))	/ count )
=	-1 * -0.023	/	( (0	+	0.059)	/ 1 )
=	-1 * -0.023	/	0.059
=	38.98 %

where

	Total Debt (A: Jun. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Jun. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.01	+	0.049
=	0.059

Perkins Oil & Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2018 )	+	Total Debt (Q: Dec. 2018 ))	/ count )
=	-1 * -0.032	/	( (0.058	+	0.066)	/ 2 )
=	-1 * -0.032	/	0.062
=	51.61 %

where

	Total Debt (Q: Sep. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.058
=	0.058

	Total Debt (Q: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.066
=	0.066

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

Perkins Oil & Gas (OTCPK:OOIL) Effective Interest Rate on Debt % Explanation

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

Perkins Oil & Gas Effective Interest Rate on Debt % Related Terms

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Perkins Oil & Gas (Perkins Oil & Gas) Business Description

Industry

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

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Traded in Other Exchanges

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Address

17330 Preston Road, Suite 200D, Dallas, TX, USA, 75252

Website

http://www.perkinsoilgas.com

Perkins Oil & Gas Inc is active in the oil and gas sector. The company is an exploration-stage company. The company is engaged in the exploration and development of oil and gas properties. It is focused on pursuing the acquisition of additional leases and/or existing oil and gas wells. The firm has generated limited revenues from operations.

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