Journey Energy (TSX:JOY) Effective Interest Rate on Debt % : 13.24% (As of Mar. 2025)

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What is Journey 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. Journey Energy's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was C$6.8 Mil. Journey Energy's average total debt for the quarter that ended in Mar. 2025 was C$51.3 Mil. Therefore, Journey Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 13.24%.

Journey Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Journey 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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Journey Energy Effective Interest Rate on Debt % Chart

Journey Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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10.52

12.53

9.81

10.94

12.77

Journey Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															14.29	16.38	12.36	12.68	13.24

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

For the Oil & Gas E&P subindustry, Journey 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.

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

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

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

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Journey Energy Effective Interest Rate on Debt % Calculation

Journey Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -7.47	/	( (62.366	+	54.641)	/ 2 )
=	-1 * -7.47	/	58.5035
=	12.77 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.559	+	50.807
=	62.366

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.59	+	19.051
=	54.641

Journey Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -6.788	/	( (54.641	+	47.901)	/ 2 )
=	-1 * -6.788	/	51.271
=	13.24 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.59	+	19.051
=	54.641

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.884	+	9.017
=	47.901

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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Journey Energy (TSX:JOY) Effective Interest Rate on Debt % Explanation

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

Journey Energy Effective Interest Rate on Debt % Related Terms

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Journey Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Journey Energy Inc (TSX:JOY) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

JRNGF:USA 17J:Germany

Address

517 - 10th Avenue South West, Suite 700, Calgary, AB, CAN, T2R 0A8

Website

https://www.journeyenergy.ca

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company's principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.

Executives

Alexander G. Verge	Director, Senior Officer
Gerald Gilewicz	Senior Officer
Craig Henry Hansen	Director
Guido De Ciancio	Senior Officer
Richard Tracy	Senior Officer
Scott Antony Treadwell	Director
Reginald Stevenson Smith	Director
Aaron P Bell	Senior Officer
Jenna Kaye	Director
Brett Boklaschuk	Issuer
Tom Mullane	Director
Jeffrey Keith Bowers	Director