VVC Exploration (FRA:V7S) Effective Interest Rate on Debt % : 10.53% (As of Oct. 2023)

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What is VVC Exploration 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. VVC Exploration's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was €0.15 Mil. VVC Exploration's average total debt for the quarter that ended in Oct. 2023 was €1.44 Mil. Therefore, VVC Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 10.53%.

VVC Exploration Effective Interest Rate on Debt % Historical Data

The historical data trend for VVC Exploration'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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VVC Exploration Effective Interest Rate on Debt % Chart

VVC Exploration Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Effective Interest Rate on Debt %

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17.56

11.29

24.66

38.39

11.15

VVC Exploration Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.00	8.67	9.64	10.30	10.53

Competitive Comparison of VVC Exploration's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, VVC Exploration'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.

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

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

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

VVC Exploration Effective Interest Rate on Debt % Calculation

VVC Exploration's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2022 )	+	Total Debt (A: Jan. 2023 ))	/ count )
=	-1 * -0.086	/	( (0.116	+	1.427)	/ 2 )
=	-1 * -0.086	/	0.7715
=	11.15 %

where

	Total Debt (A: Jan. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.116
=	0.116

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.427
=	1.427

VVC Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2023 )	+	Total Debt (Q: Oct. 2023 ))	/ count )
=	-1 * -0.152	/	( (1.4	+	1.488)	/ 2 )
=	-1 * -0.152	/	1.444
=	10.53 %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.4
=	1.4

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.488
=	1.488

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 (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

VVC Exploration (FRA:V7S) Effective Interest Rate on Debt % Explanation

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

VVC Exploration Effective Interest Rate on Debt % Related Terms

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VVC Exploration (FRA:V7S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » VVC Exploration Corp (FRA:V7S) » Definitions » Effective Interest Rate on Debt %

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VVCVF:USA VVC:Canada

Address

2369 Kingston Road, P.O. Box 28059, Terry Town, Scarborough, ON, CAN, M1N 4E7

Website

https://www.vvcexpl.com

VVC Exploration Corp is engaged in the exploration and development of precious and base metals mineral properties. Its portfolio includes the Gloria Copper Project in Northern Mexico, precious metals properties also in Mexico, and the Helium / Natural Gas Projects owned by its wholly-owned subsidiary, PHC. VVC is currently focused on the Helium Projects owned by PHC and will resume the development of the Gloria Copper Project. The company's mineral resource properties are located in Mexico and Canada.

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