Bri-Chem (TSX:BRY) Effective Interest Rate on Debt % : 12.60% (As of Mar. 2024)

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What is Bri-Chem 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. Bri-Chem's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$3.9 Mil. Bri-Chem's average total debt for the quarter that ended in Mar. 2024 was C$31.3 Mil. Therefore, Bri-Chem's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.60%.

Bri-Chem Effective Interest Rate on Debt % Historical Data

The historical data trend for Bri-Chem'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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Bri-Chem Effective Interest Rate on Debt % Chart

Bri-Chem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.75

12.31

9.31

8.05

10.90

Bri-Chem 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															9.52	9.93	10.62	11.70	12.60

Competitive Comparison of Bri-Chem's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Bri-Chem'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.

Bri-Chem's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Bri-Chem's Effective Interest Rate on Debt % falls into.

Bri-Chem Effective Interest Rate on Debt % Calculation

Bri-Chem'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 * -3.881	/	( (39.592	+	31.638)	/ 2 )
=	-1 * -3.881	/	35.615
=	10.90 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.121	+	31.471
=	39.592

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.525	+	24.113
=	31.638

Bri-Chem'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 * -3.94	/	( (31.638	+	30.913)	/ 2 )
=	-1 * -3.94	/	31.2755
=	12.60 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.525	+	24.113
=	31.638

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.334	+	23.579
=	30.913

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.

Bri-Chem (TSX:BRY) Effective Interest Rate on Debt % Explanation

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

Bri-Chem Effective Interest Rate on Debt % Related Terms

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Bri-Chem (TSX:BRY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bri-Chem Corp (TSX:BRY) » Definitions » Effective Interest Rate on Debt %

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BRYFF:USA 5JN:Germany

Address

27075 Acheson Road, Acheson, AB, CAN, T7X 6B1

Website

https://www.brichem.com

Bri-Chem Corp supplies drilling fluids for the oil and gas industries. The company provides drilling fluid products, cementing, acidizing and stimulation additives from multiple strategically located warehouses throughout Canada and the United States. Its segments are Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending and Packaging Canada, Fluids Blending and Packaging USA, and Other. The Other segment represents insignificant segments and all remaining costs not directly attributable to an operating segment, such as corporate overhead. A majority of its revenue is derived from the distribution of fluids in the United States of America.