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Chord Energy (Chord Energy) Effective Interest Rate on Debt % : 5.67% (As of Mar. 2024)


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What is Chord 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. Chord Energy's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $30 Mil. Chord Energy's average total debt for the quarter that ended in Mar. 2024 was $535 Mil. Therefore, Chord Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.67%.


Chord Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Chord 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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Chord Energy Effective Interest Rate on Debt % Chart

Chord Energy Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 5.47 11.57 8.57 6.33 5.58

Chord Energy Quarterly Data
Dec18 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 5.68 5.55 5.85 4.65 5.67

Competitive Comparison of Chord Energy's Effective Interest Rate on Debt %

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


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

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

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



Chord Energy Effective Interest Rate on Debt % Calculation

Chord 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  *  -28.63/( (491.13+535.433)/ 2 )
=-1  *  -28.63/513.2815
=5.58 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=407.475 + 83.655
=491.13

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=414.569 + 120.864
=535.433

Chord Energy'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  *  -30.368/( (535.433+535.454)/ 2 )
=-1  *  -30.368/535.4435
=5.67 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=414.569 + 120.864
=535.433

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=412.317 + 123.137
=535.454

* 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.


Chord Energy  (NAS:CHRD) Effective Interest Rate on Debt % Explanation

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


Chord Energy Effective Interest Rate on Debt % Related Terms

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Chord Energy (Chord Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chord Energy Corp (NAS:CHRD) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
1001 Fannin Street, Suite 1500, Houston, TX, USA, 77002
Chord Energy Corp is an independent exploration and production company. The company acquires, exploits, develops, and explores crude oil, natural gas, and natural gas liquids in the Williston Basin.
Executives
Michael H Lou officer: See Remarks 1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Paul Korus director C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Charles J. Rimer officer: See Remarks NOBLE ENERGY INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Lynn A Peterson director, officer: Executive Chair 1625 BROADWAY, SUITE 250, DENVER CO 80202
Shannon Browning Kinney officer: EVP, GC and Corp Secretary 1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Samantha Holroyd director 1711 MARAVILLA DR., HOUSTON TX 77055
John David Jacobi director 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Robert Joseph Mcnally director 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Anne Taylor director 800 GESSNER, SUITE 500, HOUSTON TX 77024
Lancaster N John Jr director 712 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10019
Kevin S Mccarthy director C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Susan M Cunningham director NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Taylor L Reid officer: President and COO 1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Daniel E Brown director, officer: See Remarks 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Nickolas J Lorentzatos officer: Executive VP, GC & Corp. Sec. 1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002