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. Unit's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.12 Mil. Unit's average total debt for the quarter that ended in Mar. 2024 was $7.60 Mil. Therefore, Unit's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.58%.
Unit Effective Interest Rate on Debt % Historical Data
The historical data trend for Unit'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.
Competitive Comparison of Unit's Effective Interest Rate on Debt %
For the Oil & Gas Integrated subindustry, Unit'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.
Unit's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Unit's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Unit's Effective Interest Rate on Debt % falls into.
Unit Effective Interest Rate on Debt % Calculation
Unit's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (Mar. 2024) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Unit (OTCPK:UNTCW) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Unit Effective Interest Rate on Debt % Related Terms
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Unit Corp is an oil and natural gas contract drilling company. The company is also in exploration and production and mid-stream areas. There are three segments which include Oil and Natural gas, Contract Drilling and Mid-stream. The oil and natural gas segment is engaged in the development, acquisition, and production of oil, NGLs, and natural gas properties. The contract drilling segment is engaged in the land contract drilling of oil and natural gas wells and the mid-stream segment is engaged in the buying, selling, gathering, processing, and treating of natural gas. Majority of revenue is generated from Oil and Natural Gas.
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