TXGE (Texas Gulf Energy) Effective Interest Rate on Debt %: 6.31% (As of Sep. 2014)

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What is Texas Gulf Energy Effective Interest Rate on Debt %?

Texas Gulf Energy TXGE Effective Interest Rate on Debt % is 6.31% as of Sep. 2014.

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. Texas Gulf Energy's annualized positive value of Interest Expense for the quarter that ended in Sep. 2014 was $0.04 Mil. Texas Gulf Energy's average total debt for the quarter that ended in Sep. 2014 was $0.70 Mil. Therefore, Texas Gulf Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2014 was 6.31%.


Texas Gulf Energy  (OTCPK:TXGE) Effective Interest Rate on Debt % Explanation

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


Texas Gulf Energy Effective Interest Rate on Debt % Related Terms


Texas Gulf Energy Effective Interest Rate on Debt % Historical Data

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The historical data trend for Texas Gulf 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.

Texas Gulf Energy Effective Interest Rate on Debt % Chart

Texas Gulf Energy Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.00 14.29 52.38 4.69 7.27

Texas Gulf Energy Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 5.40 4.51 1.64 8.31 6.31

TXGE vs BMMCF, ESES, BRSWQ: Effective Interest Rate on Debt % Comparison

For the Oil & Gas Equipment & Services subindustry, Texas Gulf 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.


Texas Gulf Energy Effective Interest Rate on Debt % vs Oil & Gas Industry

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

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



Texas Gulf Energy Effective Interest Rate on Debt % Calculation

Texas Gulf Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2013 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2012 )+Total Debt  (A: Dec. 2013 ))/ count )
=-1  *  -0.212/( (4.14+1.695)/ 2 )
=-1  *  -0.212/2.9175
=7.27 %

where

Total Debt  (A: Dec. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.283 + 2.857
=4.14

Total Debt  (A: Dec. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.586 + 1.109
=1.695

Texas Gulf Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2014 )+Total Debt  (Q: Sep. 2014 ))/ count )
=-1  *  -0.044/( (0.706+0.689)/ 2 )
=-1  *  -0.044/0.6975
=6.31 %

where

Total Debt  (Q: Jun. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.363 + 0.343
=0.706

* 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 (Sep. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 6.31% mean?
Texas Gulf Energy (TXGE) has a Effective Interest Rate on Debt % of 6.31% as of Sep. 2014. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Texas Gulf Energy and its competitors.
Is Texas Gulf Energy's Effective Interest Rate on Debt % too high?
Texas Gulf Energy's current Effective Interest Rate on Debt % is 6.31%.
How does Texas Gulf Energy's Effective Interest Rate on Debt % compare to BMMCF and ESES?
Texas Gulf Energy's Effective Interest Rate on Debt % of 6.31% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Oil & Gas company?
A good Effective Interest Rate on Debt % depends on the Oil & Gas industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Texas Gulf Energy and its competitors. Texas Gulf Energy's current Effective Interest Rate on Debt % is 6.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texas Gulf Energy stock overvalued right now?
Texas Gulf Energy (TXGE) has a current Effective Interest Rate on Debt % of 6.31%. The current Effective Interest Rate on Debt % is 6.31%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Texas Gulf Energy (TXGE), the current Effective Interest Rate on Debt % is 6.31% as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Texas Gulf Energy Business Description

Industry EnergyOil & Gas
Address 1602 Old Underwood Road, La Porte, TX, USA, 77571
Texas Gulf Energy Inc is active in the oil and gas industry domain. It is engaged in providing construction, maintenance, turnaround management, professional services, project management services, and fabrication and field services. The company offers services to the refining, chemicals, liquefied natural gas, oil and gas, and midstream and upstream industries.