RZREF (Razor Energy) Effective Interest Rate on Debt %: 26.32% (As of Sep. 2023)

Razor Energy RZREF -99.00% 12 Effective Interest Rate on Debt % is 26.32% as of Sep. 2023. GuruFocus rates RZREF with a GF Score™ of 12/100.

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. Razor Energy's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $4.89 Mil. Razor Energy's average total debt for the quarter that ended in Sep. 2023 was $18.57 Mil. Therefore, Razor Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 26.32%.

Razor Energy (OTCPK:RZREF) Effective Interest Rate on Debt % Explanation

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

Razor Energy Effective Interest Rate on Debt % Related Terms

Razor Energy Effective Interest Rate on Debt % Historical Data

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The historical data trend for Razor Energy'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.

Razor Energy Effective Interest Rate on Debt % Chart

Razor Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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12.01

10.21

12.94

10.25

10.57

Razor Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.09	11.80	9.71	15.35	26.32

RZREF vs COP, EOG, PXD: Effective Interest Rate on Debt % Comparison

For the Oil & Gas E&P subindustry, Razor Energy'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.

Razor Energy Effective Interest Rate on Debt % vs Oil & Gas Industry

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

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

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Razor Energy Corp RZREF

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Razor Energy Effective Interest Rate on Debt % Calculation

Razor Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -6.739	/	( (58.554	+	69.003)	/ 2 )
=	-1 * -6.739	/	63.7785
=	10.57 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50.377	+	8.177
=	58.554

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.948	+	67.055
=	69.003

Razor Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -4.888	/	( (19.263	+	17.885)	/ 2 )
=	-1 * -4.888	/	18.574
=	26.32 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.976	+	7.287
=	19.263

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.304	+	16.581
=	17.885

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

Frequently Asked Questions Learn more about Effective Interest Rate on Debt % →

What does a Effective Interest Rate on Debt % of 26.32% mean?

Razor Energy (RZREF) has a Effective Interest Rate on Debt % of 26.32% as of Sep. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Razor Energy and its competitors.

Is Razor Energy's Effective Interest Rate on Debt % too high?

Razor Energy's current Effective Interest Rate on Debt % is 26.32%. Overall, Razor Energy has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Razor Energy's Effective Interest Rate on Debt % compare to COP and EOG?

Razor Energy's Effective Interest Rate on Debt % of 26.32% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Effective Interest Rate on Debt % for an Oil & Gas company?

A good Effective Interest Rate on Debt % depends on the Oil & Gas industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Effective Interest Rate on Debt % mean?

A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Razor Energy and its competitors. Razor Energy's current Effective Interest Rate on Debt % is 26.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Razor Energy stock overvalued right now?

Razor Energy (RZREF) has a current Effective Interest Rate on Debt % of 26.32%. The current Effective Interest Rate on Debt % is 26.32%. Razor Energy's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Effective Interest Rate on Debt % calculated?

Effective Interest Rate on Debt % is calculated from a company's financial statements. For Razor Energy (RZREF), the current Effective Interest Rate on Debt % is 26.32% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Razor Energy Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:TOH TSXV:WIL TSXV:PUL TSXV:VUX TSXV:PFC TSXV:CDA TSXV:SPI TSX:BNG XCNQ:XOP TSXV:HEVI COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN

Address 500-5th Avenue SW, Suite 800, Calgary, AB, CAN, T2P 3L5

Website https://www.razor-energy.com

Razor Energy Corp is a junior oil and gas development and production company. The company is focused on the acquisition and production of oil and gas properties in Alberta. It is involved in the production and development of light oil in Swan Hills Beaverhill Lake and Kaybob Triassic Montney formations.

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