AE (Adams Resources & Energy) Effective Interest Rate on Debt % : 5.84% (As of Jun. 2024)

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What is Adams Resources & Energy 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. Adams Resources & Energy's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $3 Mil. Adams Resources & Energy's average total debt for the quarter that ended in Jun. 2024 was $46 Mil. Therefore, Adams Resources & Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 5.84%.

Adams Resources & Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Adams Resources & Energy'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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Adams Resources & Energy Effective Interest Rate on Debt % Chart

Adams Resources & Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.29

2.23

3.38

3.73

6.62

Adams Resources & Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.72	7.15	6.16	6.18	5.84

Competitive Comparison of Adams Resources & Energy's Effective Interest Rate on Debt %

For the Oil & Gas Refining & Marketing subindustry, Adams Resources & Energy'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.

Adams Resources & Energy's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Adams Resources & Energy's Effective Interest Rate on Debt % falls into.

Adams Resources & Energy Effective Interest Rate on Debt % Calculation

Adams Resources & Energy'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 * -3.384	/	( (48.561	+	53.601)	/ 2 )
=	-1 * -3.384	/	51.081
=	6.62 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41.467	+	7.094
=	48.561

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.066	+	11.535
=	53.601

Adams Resources & Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -2.684	/	( (48.979	+	42.98)	/ 2 )
=	-1 * -2.684	/	45.9795
=	5.84 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.72	+	11.259
=	48.979

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.309	+	10.671
=	42.98

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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Adams Resources & Energy (AMEX:AE) Effective Interest Rate on Debt % Explanation

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

Adams Resources & Energy Effective Interest Rate on Debt % Related Terms

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Adams Resources & Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Adams Resources & Energy Inc (AMEX:AE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

17 South Briar Hollow Lane, Suite 100, Houston, TX, USA, 77027

Website

https://www.adamsresources.com

Adams Resources & Energy Inc is engaged in the business of crude oil marketing, tank truck transportation of liquid chemicals and dry bulk, and oil and gas exploration and production. The company operates through four business segments: Crude oil marketing segment offers crude oil marketing, and generates major revenue; Transportation segment includes tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk; Pipeline and storage segment includes pipeline transportation, terminalling, and storage of crude oil; and Logistics and repurposing segment offers interstate bulk transportation logistics of crude oil, condensate, fuels, oils and other petroleum products and recycling and repurposing of off-specification fuels, lubricants, crude oil, and other chemicals.

Executives

Kevin J. Roycraft	officer: President, Service Transport	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Leggio Michael F Iii	officer: Chief Operating Officer	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Tracy E Ohmart	officer: EVP, CFO	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Niemann John O. Jr.	director	1415 LOUISIANA ST., STE. 4100, HOUSTON TX 77002
Wade M Harrison	officer: President, Service Transport	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, HOUSTON TX 77027
Dennis E. Dominic	director	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Townes G. Pressler	officer: Executive Chairman	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Trey T Bosard	officer: President, Phoenix Oil, Inc.	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
William R Scofield	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Murray E Brasseux	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Greg L Mills	officer: President, GulfMark Energy	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Michelle A Earley	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Larry E Bell	director	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Geoffrey Griffith	officer: President, GulfMark Energy	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Richard C Jenner	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027