Phoscan Chemical (TSX:FOS) Effective Interest Rate on Debt % : 10.64% (As of Mar. 2024)

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What is Phoscan Chemical 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. Phoscan Chemical's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$5.80 Mil. Phoscan Chemical's average total debt for the quarter that ended in Mar. 2024 was C$54.48 Mil. Therefore, Phoscan Chemical's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.64%.

Phoscan Chemical Effective Interest Rate on Debt % Historical Data

The historical data trend for Phoscan Chemical'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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Phoscan Chemical Effective Interest Rate on Debt % Chart

Phoscan Chemical Annual Data

Trend

Jan14

Jan15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.34

6.97

7.70

4.90

10.52

Phoscan Chemical 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															9.66	9.29	9.51	9.90	10.64

Competitive Comparison of Phoscan Chemical's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Phoscan Chemical'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.

Phoscan Chemical's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Phoscan Chemical Effective Interest Rate on Debt % Calculation

Phoscan Chemical'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 * -4.205	/	( (30.21	+	49.746)	/ 2 )
=	-1 * -4.205	/	39.978
=	10.52 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.363	+	4.847
=	30.21

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.105	+	24.641
=	49.746

Phoscan Chemical'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 * -5.796	/	( (49.746	+	59.222)	/ 2 )
=	-1 * -5.796	/	54.484
=	10.64 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.105	+	24.641
=	49.746

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.037	+	34.185
=	59.222

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.

Phoscan Chemical (TSX:FOS) Effective Interest Rate on Debt % Explanation

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

Phoscan Chemical Effective Interest Rate on Debt % Related Terms

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Phoscan Chemical (TSX:FOS) Business Description

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PTRUF:USA PRQ:Canada

Address

2400, 240 - 4th Avenue SW, Calgary, AB, CAN, T2P 4H4

Website

https://www.petrusresources.com

Petrus Resources Ltd is an oil and gas company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company's core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.

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