Daybreak Oil & Gas (Daybreak Oil & Gas) Effective Interest Rate on Debt % : 15.61% (As of Feb. 2023)

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What is Daybreak Oil & Gas 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. Daybreak Oil & Gas's annualized positive value of Interest Expense for the quarter that ended in Feb. 2023 was $0.08 Mil. Daybreak Oil & Gas's average total debt for the quarter that ended in Feb. 2023 was $0.54 Mil. Therefore, Daybreak Oil & Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2023 was 15.61%.

Daybreak Oil & Gas Effective Interest Rate on Debt % Historical Data

The historical data trend for Daybreak Oil & Gas'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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Daybreak Oil & Gas Effective Interest Rate on Debt % Chart

Daybreak Oil & Gas Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Effective Interest Rate on Debt %

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29.31

28.57

14.60

13.55

13.71

Daybreak Oil & Gas Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.44	26.78	50.18	-11.11	15.61

Competitive Comparison of Daybreak Oil & Gas's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Daybreak Oil & Gas'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.

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

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

* The bar in red indicates where Daybreak Oil & Gas's Effective Interest Rate on Debt % falls into.

Daybreak Oil & Gas Effective Interest Rate on Debt % Calculation

Daybreak Oil & Gas's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2022 )	+	Total Debt (A: Feb. 2023 ))	/ count )
=	-1 * -0.145	/	( (1.578	+	0.537)	/ 2 )
=	-1 * -0.145	/	1.0575
=	13.71 %

where

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.127	+	1.451
=	1.578

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.119	+	0.418
=	0.537

Daybreak Oil & Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2022 )	+	Total Debt (Q: Feb. 2023 ))	/ count )
=	-1 * -0.084	/	( (0.539	+	0.537)	/ 2 )
=	-1 * -0.084	/	0.538
=	15.61 %

where

	Total Debt (Q: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.121	+	0.418
=	0.539

	Total Debt (Q: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.119	+	0.418
=	0.537

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

Daybreak Oil & Gas (OTCPK:DBRM) Effective Interest Rate on Debt % Explanation

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

Daybreak Oil & Gas Effective Interest Rate on Debt % Related Terms

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Daybreak Oil & Gas (Daybreak Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Daybreak Oil & Gas Inc (OTCPK:DBRM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1101 North Argonne Road, Suite A 211, Spokane Valley, WA, USA, 99212

Website

https://www.daybreakoilandgas.com

Daybreak Oil & Gas Inc is a United States-based independent oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. It is developing its shallow oil reserves, where it owns a 3-D seismic survey under lease in Kern County, California, and Michigan. The company's operational projects include the East Slopes Project and the Michigan Basin Project.

Executives

Gaelic Resources Ltd	10 percent owner	14 ALBERT STREET, DOUGLAS Y8 IM1 2QA
Darren Williams	director	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
James F Westmoreland	director, 10 percent owner, officer: President & CEO	1101 N. ARGONNE ROAD, SUITE A 211, SPOKANE VALLEY WA 99212
James F. Meara	director	C/O 601 W. MAIN AVENUE, SUITE 1012, SPOKANE WA 99201
Timothy R Lindsey	director	1101 N. ARGONNE ROAD, SUITE A211, SPOKANE VALLEY WA 99212
Maximilian Investors Llc	10 percent owner	152 WEST 57TH STREET, 54TH FLOOR, NEW YORK NY 10019
Wayne G Dotson	director	601 W. MAIN AVE., SUITE 1012, SPOKANE WA 99201
Karol Lynn Adams	officer: Corporate Secretary	DAYBREAK OIL AND GAS, INC., 601 WEST MAIN AVE., SUITE 1012, SPOKANE WA 99201
Anna Moe	other: Spouse of director	8305 NORTH COLTON PLACE, SPOKANE WA 99208
Keith Hooper	10 percent owner	1529 WEST ADAMS STREET, CHICAGO IL 60607
Benjamin Wade Anderson	officer: Chief Operating Officer	1023 E 760 S, OREM UT 84097
Eric Moe	officer: Chief Executive Officer	8305 NORTH COLTON PLACE, SPOKANE WA 99208
Robert N Martin	director, officer: President	621 B 37 STREET SW, CALGARY A0 T3C 1R8
Jeffrey Robert Dworkin	director, officer: Secretary	320 1001 13 AVENUE SW, CALGARY A0 T2R 0L5
Curtis Michael Charles Peter	director	161 DES CEDRES, ST. EUSTACHE A8 J6R 4V7

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