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Verde Clean Fuels (Verde Clean Fuels) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Verde Clean Fuels 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. Verde Clean Fuels's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Verde Clean Fuels's average total debt for the quarter that ended in Mar. 2024 was $0.71 Mil. Therefore, Verde Clean Fuels's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Verde Clean Fuels Effective Interest Rate on Debt % Historical Data

The historical data trend for Verde Clean Fuels'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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Verde Clean Fuels Effective Interest Rate on Debt % Chart

Verde Clean Fuels Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - - 37.23

Verde Clean Fuels Quarterly Data
Mar21 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 8.40 6.62 7.97 - -

Competitive Comparison of Verde Clean Fuels's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, Verde Clean Fuels'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.

Verde Clean Fuels's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Verde Clean Fuels's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Verde Clean Fuels's Effective Interest Rate on Debt % falls into.


Verde Clean Fuels Effective Interest Rate on Debt % Calculation

Verde Clean Fuels'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  *  -0.237/( (0.334+0.939)/ 2 )
=-1  *  -0.237/0.6365
=37.23 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.085 + 0.249
=0.334

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.642 + 0.297
=0.939

Verde Clean Fuels'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  *  0/( (0.939+0.473)/ 2 )
=-1  *  0/0.706
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.642 + 0.297
=0.939

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.147 + 0.326
=0.473

* 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.

Verde Clean Fuels  (NAS:VGAS) Effective Interest Rate on Debt % Explanation

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

Verde Clean Fuels Effective Interest Rate on Debt % Related Terms

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Verde Clean Fuels (Verde Clean Fuels) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Verde Clean Fuels Inc (NAS:VGAS) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ELIQ WNDW CLNV ASRE ADN FNEC BNRG HTOO HLGN CREG CEG ISX:BREN WBO:VER XPRA:CEZ OCSE:ORSTED SHSE:600025 SHSE:600905 BOM:541450 SZSE:001289 XLIS:EDPR
Traded in Other Exchanges
N/A
Address
600 Travis Street, Suite 5050, Houston, TX, USA, 77002
Website
https://www.verdecleanfuels.com
Verde Clean Fuels Inc is a renewable energy company specializing in the conversion of synthesis gas, or syngas, derived from diverse feedstocks, such as biomass, MSW and mixed plastics, as well as natural gas (including synthetic natural gas) and other feedstocks, into liquid hydrocarbons that can be used as gasoline through an innovative and proprietary liquid fuels technology, the STG process.
Executives
J Russell Porter 10 percent owner 1331 LAMAR STREET SUITE 1080, HOUSTON TX 77010
Connally John B Iii 10 percent owner 16MARCUS CO, 1600 ROCKCLIFF ROAD, AUSTIN TX 78746
Cenaq Sponsor Llc. 10 percent owner 4550 POST OAK PLACE DRIVE, SUITE 300, HOUSTON TX 77027
Michael J Mayell 10 percent owner C/O MERIDIAN RESOURCE CORP, 1401 ENCLAVE PARKWAY #300, HOUSTON TX 77077
Martijn Dekker director 600 TRAVIS STREET, HOUSTON TX 77002
Cottonmouth Ventures Llc 10 percent owner 500 WEST TEXAS AVE., SUITE 100, MIDLAND TX 79701
John R. Doyle officer: Chief Technology Officer 600 TRAVIS STREET, SUITE 5050, HOUSTON TX 77002
Ernest B. Miller officer: CEO and Interim CFO 600 TRAVIS STREET, SUITE 5050, HOUSTON TX 77002
Bluescape Clean Fuels Holdings, Llc 10 percent owner 300 CRESCENT COURT, SUITE 1860, DALLAS TX 75201
Claire Dail St. director 300 EAST 57TH STREET, NEW YORK NY 10022
Bluescape Energy Recapitalization & Restructuring Fund Iv Lp 10 percent owner 200 CRESCENT COURT, SUITE 1900, DALLAS TX 75201
Diamondback Energy E&p Llc 10 percent owner 14301 CALIBER DRIVE, SUITE 300, OKLAHOMA CITY OK 73134
Hoff Graham Vant director C/O BLUESCAPE ENERGY PARTNERS, LLC, 200 CRESCENT COURT, SUITE 1900, DALLAS TX 75201
Jonathan A Siegler director 1601 BRYAN STREET, DALLAS TX 75201
Duncan Palmer director ONE OWENS CORNING PARKWAY, TOLEDO OH 43659