Predator Oil & Gas Holdings (LSE:PRD) Effective Interest Rate on Debt % : 3.91% (As of Dec. 2023)

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What is Predator Oil & Gas Holdings 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. Predator Oil & Gas Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £0.08 Mil. Predator Oil & Gas Holdings's average total debt for the quarter that ended in Dec. 2023 was £1.95 Mil. Therefore, Predator Oil & Gas Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.91%.

Predator Oil & Gas Holdings Effective Interest Rate on Debt % Historical Data

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

Predator Oil & Gas Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.85

1.78

3.51

16.96

Predator Oil & Gas Holdings Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								-	-	7.02	8.14	3.91

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

For the Oil & Gas E&P subindustry, Predator Oil & Gas Holdings'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.

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

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

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

Predator Oil & Gas Holdings Effective Interest Rate on Debt % Calculation

Predator Oil & Gas Holdings'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 * -0.087	/	( (0.513	+	0)	/ 1 )
=	-1 * -0.087	/	0.513
=	16.96 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.513
=	0.513

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

Predator Oil & Gas Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.076	/	( (1.945	+	0)	/ 1 )
=	-1 * -0.076	/	1.945
=	3.91 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.945
=	1.945

	Total Debt (Q: Dec. 2023 )
=	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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Predator Oil & Gas Holdings (LSE:PRD) Effective Interest Rate on Debt % Explanation

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

Predator Oil & Gas Holdings Effective Interest Rate on Debt % Related Terms

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Predator Oil & Gas Holdings (LSE:PRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Predator Oil & Gas Holdings PLC (LSE:PRD) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

1EM:Germany

Address

Castle Street, 3rd Floor, IFC5, St. Helier, JEY, JE2 3BY

Website

https://www.predatoroilandgas.com

Predator Oil & Gas Holdings PLC is engaged in the exploration, appraisal, and development of oil and gas assets. The company has interests in three geographical segments namely Africa, Europe, and the Caribbean.

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