Dana Gas PJSC (ADX:DANA) Effective Interest Rate on Debt % : 6.61% (As of Mar. 2024)

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What is Dana Gas PJSC 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. Dana Gas PJSC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was د.إ59 Mil. Dana Gas PJSC's average total debt for the quarter that ended in Mar. 2024 was د.إ889 Mil. Therefore, Dana Gas PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.61%.

Dana Gas PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Dana Gas PJSC'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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Dana Gas PJSC Effective Interest Rate on Debt % Chart

Dana Gas PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.68

4.52

2.21

2.41

5.56

Dana Gas PJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.77	6.88	11.00	-	6.61

Competitive Comparison of Dana Gas PJSC's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Dana Gas PJSC'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.

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

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

* The bar in red indicates where Dana Gas PJSC's Effective Interest Rate on Debt % falls into.

Dana Gas PJSC Effective Interest Rate on Debt % Calculation

Dana Gas PJSC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -47.749	/	( (793.364	+	925.591)	/ 2 )
=	-1 * -47.749	/	859.4775
=	5.56 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	584.004	+	209.36
=	793.364

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	404.028	+	521.563
=	925.591

Dana Gas PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -58.768	/	( (925.591	+	852.131)	/ 2 )
=	-1 * -58.768	/	888.861
=	6.61 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	404.028	+	521.563
=	925.591

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	326.895	+	525.236
=	852.131

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.

Dana Gas PJSC (ADX:DANA) Effective Interest Rate on Debt % Explanation

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

Dana Gas PJSC Effective Interest Rate on Debt % Related Terms

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Dana Gas PJSC (ADX:DANA) Business Description

Industry

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Address

Al Buhaira Corniche, P.O. Box 2011, Crescent Tower, 11th Floor, Sharjah, ARE

Website

https://www.danagas.com

Dana Gas PJSC is a Middle Eastern natural gas exploration and production company. It operates several assets in Egypt, the Kurdistan Region of Iraq, and the United Arab Emirates. The company's possession of assets includes both onshore and offshore assets. Assets are held through government concessions. Dana Gas operations are divided into several subsidiaries that either engage in exploration and production, gas sweetening, gas transmission, or gas processing. Traditionally, gas and condensate have contributed the largest portion of revenue.

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