Petrolympic (TSXV:PCQ) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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What is Petrolympic 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. Petrolympic's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.00 Mil. Petrolympic's average total debt for the quarter that ended in Sep. 2023 was C$0.04 Mil. Therefore, Petrolympic's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

Petrolympic Effective Interest Rate on Debt % Historical Data

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

Petrolympic Annual Data

Trend

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Effective Interest Rate on Debt %

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Petrolympic Quarterly Data
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Competitive Comparison of Petrolympic's Effective Interest Rate on Debt %

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

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

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

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

Petrolympic Effective Interest Rate on Debt % Calculation

Petrolympic's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * 0	/	( (0.04	+	0.04)	/ 2 )
=	-1 * 0	/	0.04
=	0.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.04	+	0
=	0.04

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.04	+	0
=	0.04

Petrolympic's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * 0	/	( (0.04	+	0)	/ 1 )
=	-1 * 0	/	0.04
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.04	+	0
=	0.04

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

Petrolympic (TSXV:PCQ) Effective Interest Rate on Debt % Explanation

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

Petrolympic Effective Interest Rate on Debt % Related Terms

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Petrolympic (TSXV:PCQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrolympic Ltd (TSXV:PCQ) » Definitions » Effective Interest Rate on Debt %

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PCQRF:USA

Address

C/o Fogler, Rubinoff LLP, 77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8

Website

https://www.petrolympic.com

Petrolympic Ltd is an exploration company, engaged in the acquisition, exploration, and development of petroleum light crude oil and natural gas properties in North America. The company operates and holds an interest in two business areas which are St. Lawrence Lowlands and Gaspe Peninsula in Canada and Texas in Canada and the Maverick Basin Project in the United States of America. Geographically, it has two segments namely Canada and the USA.

Petrolympic (TSXV:PCQ) Headlines

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