Strata Power (Strata Power) Effective Interest Rate on Debt % : 11.11% (As of Dec. 2023)

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What is Strata Power 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. Strata Power's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Strata Power's average total debt for the quarter that ended in Dec. 2023 was $0.01 Mil. Therefore, Strata Power's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.11%.

Strata Power Effective Interest Rate on Debt % Historical Data

The historical data trend for Strata Power'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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Strata Power Effective Interest Rate on Debt % Chart

Strata Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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116.28

251.16

11.11

Strata Power Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	116.28	251.16	11.11

Competitive Comparison of Strata Power's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Strata Power'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.

Strata Power's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Strata Power Effective Interest Rate on Debt % Calculation

Strata Power'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 * -0.001	/	( (0.009	+	0.009)	/ 2 )
=	-1 * -0.001	/	0.009
=	11.11 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.009
=	0.009

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.009
=	0.009

Strata Power'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: Dec. 2022 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.001	/	( (0.009	+	0.009)	/ 2 )
=	-1 * -0.001	/	0.009
=	11.11 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.009
=	0.009

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.009
=	0.009

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

Strata Power (OTCPK:SPOWF) Effective Interest Rate on Debt % Explanation

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

Strata Power Effective Interest Rate on Debt % Related Terms

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Strata Power (Strata Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strata Power Corp (OTCPK:SPOWF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 4th Ave. SW, Suite 2500, Calgary, AB, CAN, T2P 2V6

Website

http://www.strataoil.com

Strata Power Corp is engaged in the acquisition and exploration of oil and gas properties. The company operates in the oil and gas industry with a focus on Canada's heavy oil and carbonate-hosted bitumen deposits. It has oil sand properties located in the Peace River oil sands region in Northern Alberta, Canada. It also owns royalty interest in oil sands leases and owns non-producing wells.

Executives

Duncan Budge

director

4556 MARINEVIEW CRESCENT, NORTH VANCOUVER A1 V7R 3P2