Zion Oil & Gas (Zion Oil & Gas) Effective Interest Rate on Debt % : 6.41% (As of Mar. 2024)

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What is Zion Oil & Gas 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. Zion Oil & Gas's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.04 Mil. Zion Oil & Gas's average total debt for the quarter that ended in Mar. 2024 was $0.56 Mil. Therefore, Zion Oil & Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.41%.

Zion Oil & Gas Effective Interest Rate on Debt % Historical Data

The historical data trend for Zion Oil & Gas'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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Zion Oil & Gas Effective Interest Rate on Debt % Chart

Zion Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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13.54

14.50

12.30

11.72

Zion Oil & Gas 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															13.91	-	-	-	6.41

Competitive Comparison of Zion Oil & Gas's Effective Interest Rate on Debt %

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

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

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

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

Zion Oil & Gas Effective Interest Rate on Debt % Calculation

Zion Oil & Gas'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	/	( (0.208	+	0.191)	/ 2 )
=	-1 * 0	/	0.1995
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.012	+	0.196
=	0.208

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.024	+	0.167
=	0.191

Zion Oil & Gas'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 * -0.036	/	( (0.191	+	0.932)	/ 2 )
=	-1 * -0.036	/	0.5615
=	6.41 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.024	+	0.167
=	0.191

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.708	+	0.224
=	0.932

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.

Zion Oil & Gas (OTCPK:ZNOG) Effective Interest Rate on Debt % Explanation

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

Zion Oil & Gas Effective Interest Rate on Debt % Related Terms

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Zion Oil & Gas (Zion Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zion Oil & Gas Inc (OTCPK:ZNOG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12655 North Central Expressway, Suite 1000, Dallas, TX, USA, 75243

Website

https://www.zionoil.com

Zion Oil & Gas Inc is the United States-based oil and gas exploration and production company. Zion currently holds one active petroleum exploration license onshore Israel, the Megiddo-Jezreel License covering an area of approximately 99,000 acres.

Executives

Pandji Christiaan Putra	director	12655 NORTH CENTRAL EXPRESSWAY, 1000, DALLAS TX 75243
Starr Frank F Ii	director	420 COMMERCE STREET, SUITE 200, FORT WORTH TX 76102
Javier A Mazon	director	12655 NORTH CENTRAL EXPRESSWAY, SUITE 1000, DALLAS TX 75231
Amotz Agnon	director	9 HALAMISH STREET, CAESAREA L3 3088900
Gene Scammahorn	director	3504 LAKEBLUFF WAY, PLANO TX 75093
Virginia Prodan	director	12655 NORTH CENTRAL EXPRESSWAY, SUITE 1000, DALLAS TX 75243
John Seery	director	12655 NORTH CENTRAL EXPRESSWAY, SUITE 1000, DALLAS TX 75243
Brad Dacus	director	12655 NORTH CENTRAL EXPRESSWAY, SUITE 1000, DALLAS TX 75243
Sarah Caygill	director	47 AVENUE BLANC, 7TH FLOOR, GENEVA V8 1202
Jeffrey Moskowitz	director, officer: SVP of Israel Branch	9 HALAMISH STREET, CAESAREA L3 L3
Lee R Russell	director	12655 NORTH CENTRAL EXPRESSWAY, SUITE 1000, DALLAS TX 75243
Croswell Michael B. Jr.	officer: CFO	12655 NORTH CENTRAL EXPRESSWAY, DALLAS TX 75243
Robert William Dunn	director, officer: CEO	12655 NORTH CENTRAL EXPRESSWAY, SUITE 1000, DALLAS TX 75243
William H Avery	officer: Corp. Executive Vice President	9480 GATETRAIL, DALLAS TX 75238
Victor G Carrillo	director, officer: President & COO	10520 GALSWORTHY LANE, AUSTIN TX 78739