Highwood Asset Management (TSXV:HAM) Effective Interest Rate on Debt % : 12.18% (As of Dec. 2023)

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What is Highwood Asset Management 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. Highwood Asset Management's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$10.66 Mil. Highwood Asset Management's average total debt for the quarter that ended in Dec. 2023 was C$87.50 Mil. Therefore, Highwood Asset Management's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.18%.

Highwood Asset Management Effective Interest Rate on Debt % Historical Data

The historical data trend for Highwood Asset Management'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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Highwood Asset Management Effective Interest Rate on Debt % Chart

Highwood Asset Management Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.65

5.78

2.25

9.95

9.87

Highwood Asset Management 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															21.80	15.14	3.04	14.72	12.18

Competitive Comparison of Highwood Asset Management's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Highwood Asset Management'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.

Highwood Asset Management's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Highwood Asset Management's Effective Interest Rate on Debt % falls into.

Highwood Asset Management Effective Interest Rate on Debt % Calculation

Highwood Asset Management'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 * -4.342	/	( (0.019	+	88.001)	/ 2 )
=	-1 * -4.342	/	44.01
=	9.87 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.019
=	0.019

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	83.575	+	4.426
=	88.001

Highwood Asset Management'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 * -10.656	/	( (87.008	+	88.001)	/ 2 )
=	-1 * -10.656	/	87.5045
=	12.18 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	86.917	+	0.091
=	87.008

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	83.575	+	4.426
=	88.001

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.

Highwood Asset Management (TSXV:HAM) Effective Interest Rate on Debt % Explanation

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

Highwood Asset Management Effective Interest Rate on Debt % Related Terms

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Highwood Asset Management (TSXV:HAM) Business Description

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Address

221 10th Avenue South East, Suite 202, Calgary, AB, CAN, T2G 0V9

Website

https://www.highwoodoil.com

Highwood Asset Management Ltd is an asset management entity overseeing various operations including clean energy transition subsectors with a focus on ESG also it looks at current activities in the industrial metals & minerals, oil production and oil midstream spaces. The company has four reportable segment which are Upstream Segment, Midstream Segment, Metallic Mineral Segment, Corporate and Other Segment. All segments are located geographically within Canada, more specifically Alberta, Saskatchewan and British Columbia.

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