Marathon Oil (STU:USS) Effective Interest Rate on Debt % : 5.09% (As of Mar. 2024)

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What is Marathon Oil 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. Marathon Oil's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €254 Mil. Marathon Oil's average total debt for the quarter that ended in Mar. 2024 was €4,986 Mil. Therefore, Marathon Oil's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.09%.

Marathon Oil Effective Interest Rate on Debt % Historical Data

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

Marathon Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.15

4.88

5.69

4.69

5.95

Marathon Oil Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.54	6.25	6.54	4.82	5.09

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

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

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

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

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

Marathon Oil Effective Interest Rate on Debt % Calculation

Marathon Oil'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 * -314.531	/	( (5591.312	+	4977.476)	/ 2 )
=	-1 * -314.531	/	5284.394
=	5.95 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5211.824	+	379.488
=	5591.312

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3097.626	+	1879.85
=	4977.476

Marathon Oil's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -253.92	/	( (4977.476	+	4993.76)	/ 2 )
=	-1 * -253.92	/	4985.618
=	5.09 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3097.626	+	1879.85
=	4977.476

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4211.76	+	782
=	4993.76

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Marathon Oil (STU:USS) Effective Interest Rate on Debt % Explanation

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

Marathon Oil Effective Interest Rate on Debt % Related Terms

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Marathon Oil (STU:USS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Oil Corp (STU:USS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

MRO:USA MRO:Mexico USS:Germany M1RO34:Brazil

Address

990 Town and Country Boulevard, Houston, TX, USA, 77024-2217

Website

https://www.marathonoil.com

Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 343 thousand barrels of oil equivalent per day in 2022 at a ratio of 70% oil and NGLs and 30% natural gas.

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