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Pioneer Energy Services (Pioneer Energy Services) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2020)


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What is Pioneer Energy Services 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. Pioneer Energy Services's annualized positive value of Interest Expense for the quarter that ended in Jun. 2020 was $0.0 Mil. Pioneer Energy Services's average total debt for the quarter that ended in Jun. 2020 was $163.7 Mil. Therefore, Pioneer Energy Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 was 0.00%.


Pioneer Energy Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Pioneer Energy Services'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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Pioneer Energy Services Effective Interest Rate on Debt % Chart

Pioneer Energy Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.04 7.14 6.75 8.37 8.49

Pioneer Energy Services Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 8.56 8.47 8.31 10.57 -

Competitive Comparison of Pioneer Energy Services's Effective Interest Rate on Debt %

For the Oil & Gas Drilling subindustry, Pioneer Energy Services'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.


Pioneer Energy Services's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Pioneer Energy Services's Effective Interest Rate on Debt % falls into.



Pioneer Energy Services Effective Interest Rate on Debt % Calculation

Pioneer Energy Services's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2018 )+Total Debt  (A: Dec. 2019 ))/ count )
=-1  *  -39.835/( (464.552+473.399)/ 2 )
=-1  *  -39.835/468.9755
=8.49 %

where

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=464.552 + 0
=464.552

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=473.399 + 0
=473.399

Pioneer Energy Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2020 )+Total Debt  (Q: Jun. 2020 ))/ count )
=-1  *  0/( (181.355+146.103)/ 2 )
=-1  *  0/163.729
=0.00 %

where

Total Debt  (Q: Mar. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=177.355 + 4
=181.355

Total Debt  (Q: Jun. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=146.103 + 0
=146.103

* 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 four times the quarterly (Jun. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Pioneer Energy Services  (OTCPK:PESXQ) Effective Interest Rate on Debt % Explanation

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


Pioneer Energy Services Effective Interest Rate on Debt % Related Terms

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Pioneer Energy Services (Pioneer Energy Services) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1250 North East Loop 410, Suite 1000, San Antonio, TX, USA, 78209
Pioneer Energy Services Corp is a US-based company provides land-based drilling services and production services to a diverse group of independent and oil and gas exploration and production companies in the United States and internationally in Colombia. It provides coiled tubing and wireline services offshore in the Gulf of Mexico. The company operates through two segments. The Drilling Services segment is further is divided as Domestic Drilling and International Drilling includes drilling rig, crews, supplies, and most of the ancillary equipment needed. The Production Services segment is further is divided as Well Servicing, Wireline Services, and Coiled Tubing Services to producers.
Executives
Tamara Morytko director 1250 NE LOOP 410, SUITE 1000, SAN ANTONIO TX 78209
John David Jacobi director 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Scott D Urban director NOBLE ENERGY, INC. 1001 NOBLE ENERGY WAY HOUSTON TX 77070
Charles K. Thompson director C/O PINHIGH CAPITAL PARTNERS 3900 ESSEX LANE, SUITE 400 HOUSTON TX 77027
Issam M Fares 10 percent owner C/O WEDGE ENERGY SERVICES, LLC., 1415 LOUISIANA, STE. 3000, HOUSTON TX 77002
James M Tidwell director
C Robert Bunch director C/O OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105
Chesapeake Energy Corp 10 percent owner 6100 NORTH WESTERN AVE, OKLAHOMA CITY OK 73118
Wedge Energy Services Llc 10 percent owner 1415 LOUISIANA STREET, SUITE 3000, HOUSTON TX 77002