Waskahigan Oil & Gas (XCNQ:WOGC) Effective Interest Rate on Debt % : 6.08% (As of Dec. 2024)

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What is Waskahigan Oil & Gas 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. Waskahigan Oil & Gas's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was C$0.08 Mil. Waskahigan Oil & Gas's average total debt for the quarter that ended in Dec. 2024 was C$1.25 Mil. Therefore, Waskahigan Oil & Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 6.08%.

Waskahigan Oil & Gas Effective Interest Rate on Debt % Historical Data

The historical data trend for Waskahigan Oil & Gas'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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Waskahigan Oil & Gas Effective Interest Rate on Debt % Chart

Waskahigan Oil & Gas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

6.63

6.05

6.26

5.53

Waskahigan Oil & Gas Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												5.92	5.97	4.92	5.78	6.08

Competitive Comparison of Waskahigan Oil & Gas's Effective Interest Rate on Debt %

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

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

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

* The bar in red indicates where Waskahigan Oil & Gas's Effective Interest Rate on Debt % falls into.

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Waskahigan Oil & Gas Effective Interest Rate on Debt % Calculation

Waskahigan Oil & Gas's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -0.067	/	( (1.139	+	1.285)	/ 2 )
=	-1 * -0.067	/	1.212
=	5.53 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.139
=	1.139

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.285
=	1.285

Waskahigan Oil & Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.076	/	( (1.213	+	1.285)	/ 2 )
=	-1 * -0.076	/	1.249
=	6.08 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.213
=	1.213

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.285
=	1.285

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 (Dec. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Waskahigan Oil & Gas (XCNQ:WOGC) Effective Interest Rate on Debt % Explanation

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

Waskahigan Oil & Gas Effective Interest Rate on Debt % Related Terms

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Waskahigan Oil & Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Waskahigan Oil & Gas Corp (XCNQ:WOGC) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

221 10th Avenue SE, Suite 203, Calgary, AB, CAN, T2G 0V9

Website

https://www.waskahiganoil.com

Waskahigan Oil & Gas Corp engaged in petroleum and natural gas exploration and development activities in western Canada. The company generates revenue from the sale of oil, natural gas and NGLs.

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