Galp Energia SGPS (XLIS:GALP) Effective Interest Rate on Debt % : 4.52% (As of Dec. 2023)

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What is Galp Energia SGPS 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. Galp Energia SGPS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €232 Mil. Galp Energia SGPS's average total debt for the quarter that ended in Dec. 2023 was €5,130 Mil. Therefore, Galp Energia SGPS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.52%.

Galp Energia SGPS Effective Interest Rate on Debt % Historical Data

The historical data trend for Galp Energia SGPS'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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Galp Energia SGPS Effective Interest Rate on Debt % Chart

Galp Energia SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.72

3.40

2.23

3.39

Galp Energia SGPS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.32	2.97	2.66	4.31	4.52

Competitive Comparison of Galp Energia SGPS's Effective Interest Rate on Debt %

For the Oil & Gas Integrated subindustry, Galp Energia SGPS'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.

Galp Energia SGPS's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Galp Energia SGPS's Effective Interest Rate on Debt % falls into.

Galp Energia SGPS Effective Interest Rate on Debt % Calculation

Galp Energia SGPS'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 * -181	/	( (5264	+	5410)	/ 2 )
=	-1 * -181	/	5337
=	3.39 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4282	+	982
=	5264

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4569	+	841
=	5410

Galp Energia SGPS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -232	/	( (4849	+	5410)	/ 2 )
=	-1 * -232	/	5129.5
=	4.52 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4187	+	662
=	4849

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4569	+	841
=	5410

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Galp Energia SGPS (XLIS:GALP) Effective Interest Rate on Debt % Explanation

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

Galp Energia SGPS Effective Interest Rate on Debt % Related Terms

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Galp Energia SGPS (XLIS:GALP) Business Description

Industry

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GLPEY:USA GLPEF:USA GALPu:UK 0B67:UK GZ5:Germany

Address

Rua Tomas da Fonseca, Torre A, Lisboa, PRT, 1600-209

Website

https://www.galp.com

Galp Energia SGPS SA is an integrated operator with business lines spanning from exploration and production to refining and marketing of oil products. Its operating segments include Upstream, Industrial and Midstream, Commercial and Renewables and New Businesses. The Upstream segment involves the management of all activities relating to the exploration, development, and production of hydrocarbons. The Industrial & Midstream segment operates the Sines industrial site in Portugal, which includes all current refining activities, The Commercial segment encompasses the area of retail to final B2B and B2C customers of oil, gas, electricity, and convenience. The Renewables & New businesses segment represents Galp's presence in the renewable and new energies space.

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