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Zenith Energy (Zenith Energy) Effective Interest Rate on Debt % : 4.35% (As of Sep. 2023)


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What is Zenith 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. Zenith Energy's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $1.18 Mil. Zenith Energy's average total debt for the quarter that ended in Sep. 2023 was $27.18 Mil. Therefore, Zenith Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 4.35%.


Zenith Energy Effective Interest Rate on Debt % Historical Data

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

Zenith Energy Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.45 12.16 10.46 12.38 10.28

Zenith Energy Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 11.74 13.57 12.30 9.36 4.35

Competitive Comparison of Zenith Energy's Effective Interest Rate on Debt %

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


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

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

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



Zenith Energy Effective Interest Rate on Debt % Calculation

Zenith Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -2.02/( (14.483+24.807)/ 2 )
=-1  *  -2.02/19.645
=10.28 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.098 + 5.385
=14.483

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.451 + 6.356
=24.807

Zenith Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -1.182/( (24.807+29.552)/ 2 )
=-1  *  -1.182/27.1795
=4.35 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.451 + 6.356
=24.807

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24.042 + 5.51
=29.552

* 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 two times the semi-annual (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Zenith Energy  (OTCPK:ZENAF) Effective Interest Rate on Debt % Explanation

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


Zenith Energy Effective Interest Rate on Debt % Related Terms

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Zenith Energy (Zenith Energy) Business Description

Industry
Traded in Other Exchanges
Address
421 - 7th Avenue SW, Suite 4000, Calgary, AB, CAN, T2P 4K9
Zenith Energy Ltd is an international independent oil and gas company with production, exploration and development assets in the Republic of the Congo, Italy and Tunisia. The company's strategic focus is the development of proven revenue generating oil production assets, as well as low-risk exploration activities in assets with existing production.

Zenith Energy (Zenith Energy) Headlines

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