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Twin Butte Energy (Twin Butte Energy) Effective Interest Rate on Debt % : 7.41% (As of Jun. 2016)


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What is Twin Butte Energy 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. Twin Butte Energy's annualized positive value of Interest Expense for the quarter that ended in Jun. 2016 was $16.3 Mil. Twin Butte Energy's average total debt for the quarter that ended in Jun. 2016 was $220.0 Mil. Therefore, Twin Butte Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2016 was 7.41%.


Twin Butte Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Twin Butte 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.

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Twin Butte Energy Effective Interest Rate on Debt % Chart

Twin Butte Energy Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.32 4.34 3.23 4.70 4.05

Twin Butte Energy Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 5.00 4.12 4.19 9.81 7.41

Competitive Comparison of Twin Butte Energy's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Twin Butte 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.


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

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

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



Twin Butte Energy Effective Interest Rate on Debt % Calculation

Twin Butte Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2015 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2014 )+Total Debt  (A: Dec. 2015 ))/ count )
=-1  *  -9.947/( (283.375+208.062)/ 2 )
=-1  *  -9.947/245.7185
=4.05 %

where

Total Debt  (A: Dec. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=283.375 + 0
=283.375

Total Debt  (A: Dec. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=146.077 + 61.985
=208.062

Twin Butte Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2016 )+Total Debt  (Q: Jun. 2016 ))/ count )
=-1  *  -16.3/( (219.256+220.719)/ 2 )
=-1  *  -16.3/219.9875
=7.41 %

where

Total Debt  (Q: Mar. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=60.942 + 158.314
=219.256

Total Debt  (Q: Jun. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=62.794 + 157.925
=220.719

* 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. 2016) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Twin Butte Energy  (OTCPK:TBTEF) Effective Interest Rate on Debt % Explanation

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


Twin Butte Energy Effective Interest Rate on Debt % Related Terms

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Twin Butte Energy (Twin Butte Energy) Business Description

Industry
Traded in Other Exchanges
N/A
Address
410, 396 11th Avenue SW, Suite 410, Calgary, AB, CAN, T2R 0C5
Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.

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