Texhoma Energy (Texhoma Energy) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2008)

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What is Texhoma 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. Texhoma Energy's annualized positive value of Interest Expense for the quarter that ended in Jun. 2008 was $0.00 Mil. Texhoma Energy's average total debt for the quarter that ended in Jun. 2008 was $8.23 Mil. Therefore, Texhoma Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2008 was 0.00%.

Texhoma Energy Effective Interest Rate on Debt % Historical Data

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

Texhoma Energy Annual Data

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

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

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

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

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

Texhoma Energy Effective Interest Rate on Debt % Calculation

Texhoma Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2007 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2006 )	+	Total Debt (A: Sep. 2007 ))	/ count )
=	-1 * 0	/	( (8.984	+	8.608)	/ 2 )
=	-1 * 0	/	8.796
=	0.00 %

where

	Total Debt (A: Sep. 2006 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.381	+	0.603
=	8.984

	Total Debt (A: Sep. 2007 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.155	+	0.453
=	8.608

Texhoma Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2008 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2008 )	+	Total Debt (Q: Jun. 2008 ))	/ count )
=	-1 * 0	/	( (8.235	+	8.232)	/ 2 )
=	-1 * 0	/	8.2335
=	0.00 %

where

	Total Debt (Q: Mar. 2008 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.935	+	0.3
=	8.235

	Total Debt (Q: Jun. 2008 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.932	+	0.3
=	8.232

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 (Jun. 2008) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Texhoma Energy (GREY:TXHE) Effective Interest Rate on Debt % Explanation

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

Texhoma Energy Effective Interest Rate on Debt % Related Terms

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Texhoma Energy (Texhoma Energy) Business Description

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Address

24624 I-45 North, Suite 200, Spring, TX, USA, 77386

Website

http://www.texhomaenergy.com

Texhoma Energy Inc is an oil and gas company. It is primarily engaged in the acquisition, exploration, and development of crude oil and natural gas properties. The company holds interests in approximately five oil wells located on the Shooter 916 lease located in Ochiltree County, Texas. It also holds interests in the Tonto North 390 B No. 3 well located in Scurry County, Texas. The firm has various non-operated working interests in approximately eight wells located in Gregg and Upshur Counties, Texas.

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