WMELF (Westmount Energy) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2024)

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What is Westmount 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. Westmount Energy's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.00 Mil. Westmount Energy's average total debt for the quarter that ended in Jun. 2024 was $0.00 Mil. Therefore, Westmount Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was N/A%.

Westmount Energy Effective Interest Rate on Debt % Historical Data

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

Westmount Energy Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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10.49

9.76

Westmount Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
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Competitive Comparison of Westmount Energy's Effective Interest Rate on Debt %

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

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

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

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

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Westmount Energy Effective Interest Rate on Debt % Calculation

Westmount Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Westmount Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

	Total Debt (Q: Jun. 2024 )
=	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 two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Westmount Energy (OTCPK:WMELF) Effective Interest Rate on Debt % Explanation

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

Westmount Energy Effective Interest Rate on Debt % Related Terms

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Westmount Energy Business Description

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Address

Castle Street, Floor 4, Liberation House, Saint Helier, JEY, JE1 4HH

Website

https://www.westmountenergy.com

Westmount Energy Ltd operates as an energy investment company. The investment plan of the company is to invest in and provide follow-up capital to small and medium-sized companies that have growth possibilities. Its portfolio of energy shares includes Eco (Atlantic) Oil and Gas Ltd, JHI Associates Inc, Cataleya Energy Corp, and others.

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