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

CNX Resources (CNX Resources) Effective Interest Rate on Debt % : 6.28% (As of Mar. 2024)


View and export this data going back to 1999. Start your Free Trial

What is CNX 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. CNX Resources's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $150 Mil. CNX Resources's average total debt for the quarter that ended in Mar. 2024 was $2,385 Mil. Therefore, CNX Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.28%.


CNX Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for CNX 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.

* Premium members only.

CNX Resources Effective Interest Rate on Debt % Chart

CNX Resources 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 5.67 6.23 6.28 5.48 6.03

CNX 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 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 5.99 5.91 6.07 6.36 6.28

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

For the Oil & Gas E&P subindustry, CNX 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.


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

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

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



CNX Resources Effective Interest Rate on Debt % Calculation

CNX 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  *  -143.278/( (2388.127+2365.058)/ 2 )
=-1  *  -143.278/2376.5925
=6.03 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2339.81 + 48.317
=2388.127

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1983.737 + 381.321
=2365.058

CNX 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  *  -149.764/( (2365.058+2405.159)/ 2 )
=-1  *  -149.764/2385.1085
=6.28 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1983.737 + 381.321
=2365.058

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2025.089 + 380.07
=2405.159

* 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.


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

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


CNX Resources Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of CNX Resources's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


CNX Resources (CNX Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNX Resources Corp (NYSE:CNX) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
1000 Horizon Vue Drive, Canonsburg, PA, USA, 15317-6506
CNX Resources Corp is an independent natural gas and midstream company engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. It also has other segment that includes nominal shallow oil and gas production.
Executives
Bernard Jr Lanigan director 150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Navneet Behl officer: Chief Operating Officer 1000 HORIZON VUE DRIVE, CANONSBURG PA 15317
Robert Agbede director 1000 CONSOL ENERGY DRIVE, SUITE 400, CANONSBURG PA 15317
Hayley Scott officer: Chief Risk Officer 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Ravi Srivastava officer: Vice President, Green Ventures 1000 CONSOL ENERGY DRIVE, SUITE 400, CANONSBURG PA 15317
Alexander John Reyes officer: EVP, GC & Corp. Sec. CNX CENTER, 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Donald W. Rush officer: EVP & Chief Financial Officer 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Alan K Shepard officer: Vice President and CAO 1000 CONSOL ENERGY DRIVE SUITE 400, CANONSBURG PA 15317
N J Deiuliis director, officer: President and CEO 1800 WASHINGTON RD., PITTSBURGH PA 15421-4000
Stephanie L Gill officer: SVP, GC and Secretary C/O VERTIV HOLDINGS CO, 1050 DEARBORN DRIVE, COLUMBUS OH 43085
Olayemi Akinkugbe officer: Chief Excellence Officer 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Ian R Mcguire director PO BOX 1526, ROSS CA 94957
J. Palmer Clarkson director 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Chad A Griffith officer: VP Commercial & VP Marketing 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Andrea D. Passman officer: Sr VP Engineering & Operations 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317