PetroGas Co (PetroGas Co) Effective Interest Rate on Debt % : 20.80% (As of Dec. 2023)

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What is PetroGas Co 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. PetroGas Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.05 Mil. PetroGas Co's average total debt for the quarter that ended in Dec. 2023 was $0.25 Mil. Therefore, PetroGas Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 20.80%.

PetroGas Co Effective Interest Rate on Debt % Historical Data

The historical data trend for PetroGas Co'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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PetroGas Co Effective Interest Rate on Debt % Chart

PetroGas Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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62.02

48.67

35.29

21.07

21.85

PetroGas Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															22.22	20.74	22.22	20.00	20.80

Competitive Comparison of PetroGas Co's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, PetroGas Co'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.

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

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

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

PetroGas Co Effective Interest Rate on Debt % Calculation

PetroGas Co'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 * -0.059	/	( (0.27	+	0.27)	/ 2 )
=	-1 * -0.059	/	0.27
=	21.85 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.27
=	0.27

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.27
=	0.27

PetroGas Co'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.052	/	( (0.25	+	0.25)	/ 2 )
=	-1 * -0.052	/	0.25
=	20.80 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.25
=	0.25

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.25
=	0.25

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

PetroGas Co (OTCPK:PTCO) Effective Interest Rate on Debt % Explanation

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

PetroGas Co Effective Interest Rate on Debt % Related Terms

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PetroGas Co (PetroGas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroGas Co (OTCPK:PTCO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2800 Post Oak Boulevard, Suite 4100, Houston, TX, USA, 77056

Website

http://www.petro-gas.co

PetroGas Co is an oil and gas exploration and production company. It is focused on the acquisition of properties in areas with significant oil reserves and drilling potential.

Executives

Mark Corrao	officer: CFO	531 AIRPORT NORTH OFFICE PARK, FORT WAYNE IN 46825
Robert Wiener	director	2537 S. GESSNER, #201, HOUSTON TX 77063
Joe Madison Seabourn	director	2925 ROBERTSON DR., ABILENE TX 79606
Huang Yu	director, officer: President, Secretary, Treasure	GAO XIN KAI FA QU GAO XIN SI LU ZHONG, JIAN SAN JU RONG HE TIAN YU XIANG MU BU, LIU ZHOU, GUANG XI F4 00000
Xiang Wu Zheng	10 percent owner	HOA SI SHA JING LU 1 HAO 51 HU LONG TIAN, ZHENG, CHAO NAN QU, SHAN TOU, HUANG DONG F4 00000

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