California Resources (California Resources) Effective Interest Rate on Debt % : 8.48% (As of Mar. 2024)

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What is California Resources 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. California Resources's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $52 Mil. California Resources's average total debt for the quarter that ended in Mar. 2024 was $613 Mil. Therefore, California Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.48%.

California Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for California Resources'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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California Resources Effective Interest Rate on Debt % Chart

California Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.34

8.46

8.16

8.81

California Resources 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															8.50	8.43	9.04	8.22	8.48

Competitive Comparison of California Resources's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, California Resources'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.

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

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

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

California Resources Effective Interest Rate on Debt % Calculation

California Resources'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 * -56	/	( (662	+	610)	/ 2 )
=	-1 * -56	/	636
=	8.81 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	644	+	18
=	662

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	595	+	15
=	610

California Resources'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 * -52	/	( (610	+	616)	/ 2 )
=	-1 * -52	/	613
=	8.48 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	595	+	15
=	610

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	597	+	19
=	616

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.

California Resources (NYSE:CRC) Effective Interest Rate on Debt % Explanation

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

California Resources Effective Interest Rate on Debt % Related Terms

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California Resources (California Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » California Resources Corp (NYSE:CRC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

1CLD:Germany

Address

1 World Trade Center, Suite 1500, Long Beach, CA, USA, 90831

Website

https://www.crc.com

California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects. CRC has a large portfolio of lower-risk conventional opportunities in the following California oil and gas basins: San Joaquin, Los Angeles, Ventura, and Sacramento.

Executives

Omar Hayat	officer: EVP - Operations	1 WORLD TRADE CENTER, SUITE 1500, LONG BEACH CA 90831
Peralta Manuela Molina	officer: EVP and CFO	1 WORLD TRADE CENTER, SUITE 1500, LONG BEACH CA 90831
William B Roby	director	27200 TOURNEY ROAD, SUITE 200, SANTA CLARITA CA 91355
Goldentree Asset Management Lp	10 percent owner	300 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Ares Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Alejandra Veltmann	director	1500 CITYWEST BLVD., SUITE 800, HOUSTON TX 77042
Neeman Brady Nicole Elana	director	113 S. LA BREA BLVD., 3RD FLOOR, LOS ANGELES CA 90036
Christopher D. Gould	officer: EVP & Chief Sustainability Off	27200 TOURNEY ROAD, SUITE 200, SANTA CLARITA CA 91355
Ssf Iv Energy I Aiv 2, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Assf Operating Manager Iv, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Af V Energy Iv Aiv 1a, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Af V Energy Iv Aiv 1b, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Af V Energy Iv Aiv 2, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Ssf Iv Energy I Aiv 1a, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Acof Investment Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067