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Tamarack Valley Energy (TSX:TVE) Effective Interest Rate on Debt % : 6.19% (As of Dec. 2023)


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What is Tamarack Valley 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. Tamarack Valley Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$69 Mil. Tamarack Valley Energy's average total debt for the quarter that ended in Dec. 2023 was C$1,111 Mil. Therefore, Tamarack Valley Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.19%.


Tamarack Valley Energy Effective Interest Rate on Debt % Historical Data

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

Tamarack Valley Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.15 4.75 6.06 5.30 8.96

Tamarack Valley Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.25 8.32 7.66 8.19 6.19

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

For the Oil & Gas E&P subindustry, Tamarack Valley 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.


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

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

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



Tamarack Valley Energy Effective Interest Rate on Debt % Calculation

Tamarack Valley Energy'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  *  -95.884/( (1195.206+944.153)/ 2 )
=-1  *  -95.884/1069.6795
=8.96 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=930.206 + 265
=1195.206

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=800.955 + 143.198
=944.153

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -68.776/( (1276.904+944.153)/ 2 )
=-1  *  -68.776/1110.5285
=6.19 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1141.456 + 135.448
=1276.904

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=800.955 + 143.198
=944.153

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


Tamarack Valley Energy  (TSX:TVE) Effective Interest Rate on Debt % Explanation

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


Tamarack Valley Energy Effective Interest Rate on Debt % Related Terms

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Tamarack Valley Energy (TSX:TVE) Business Description

Industry
Traded in Other Exchanges
Address
308 4th Avenue SW, Suite 3300, Calgary, AB, CAN, T2P 0H7
Tamarack Valley Energy Ltd is engaged in the exploration, development, and production of oil and natural gas. Its target is drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian Sedimentary Basin. Its oil & gas properties include Cardium Oil, Viking Oil, and Penny Barons Oil.
Executives
Christine Ezinga Senior Officer

Tamarack Valley Energy (TSX:TVE) Headlines

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