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InPlay Oil (TSX:IPO) Effective Interest Rate on Debt % : 13.51% (As of Mar. 2024)


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What is InPlay Oil 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. InPlay Oil's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$7.2 Mil. InPlay Oil's average total debt for the quarter that ended in Mar. 2024 was C$53.3 Mil. Therefore, InPlay Oil's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.51%.

InPlay Oil Effective Interest Rate on Debt % Historical Data

The historical data trend for InPlay Oil'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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InPlay Oil Effective Interest Rate on Debt % Chart

InPlay Oil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.14 6.00 7.79 9.05 13.45

InPlay Oil 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.46 10.61 13.78 14.29 13.51

Competitive Comparison of InPlay Oil's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, InPlay Oil'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.

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

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

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


InPlay Oil Effective Interest Rate on Debt % Calculation

InPlay Oil'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  *  -5.435/( (29.53+51.286)/ 2 )
=-1  *  -5.435/40.408
=13.45 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.21 + 0.32
=29.53

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=50.982 + 0.304
=51.286

InPlay Oil'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  *  -7.208/( (51.286+55.404)/ 2 )
=-1  *  -7.208/53.345
=13.51 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=50.982 + 0.304
=51.286

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=54.984 + 0.42
=55.404

* 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.

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.

InPlay Oil  (TSX:IPO) Effective Interest Rate on Debt % Explanation

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

InPlay Oil Effective Interest Rate on Debt % Related Terms

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InPlay Oil (TSX:IPO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » InPlay Oil Corp (TSX:IPO) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
IPOOF:USA 8DA1:Germany
Address
2000, 350 - 7th Avenue S.W., Calgary, AB, CAN, T2P 3N9
Website
https://www.inplayoil.com
InPlay Oil Corp is an oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company's operations are focused on a concentrated light oil asset base located in West Central Alberta. It derives revenue from selling its production of crude oil, natural gas and NGLs under variable price contracts.
Executives
Douglas Bartole Director, Senior Officer
Darren W. Dittmer Senior Officer
Brent Michael Howard Senior Officer
Kevin Yakiwchuk Senior Officer