GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Denbury Inc (NYSE:DEN) » Definitions » Effective Interest Rate on Debt %

Denbury (Denbury) Effective Interest Rate on Debt % : 3.41% (As of Jun. 2023)


View and export this data going back to 2020. Start your Free Trial

What is Denbury 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. Denbury's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $3 Mil. Denbury's average total debt for the quarter that ended in Jun. 2023 was $97 Mil. Therefore, Denbury's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 3.41%.


Denbury Effective Interest Rate on Debt % Historical Data

The historical data trend for Denbury'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.

Denbury Effective Interest Rate on Debt % Chart

Denbury Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.38 3.15 3.87 3.13 4.93

Denbury Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 10.16 5.55 5.14 4.47 3.41

Competitive Comparison of Denbury's Effective Interest Rate on Debt %

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


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

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

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



Denbury Effective Interest Rate on Debt % Calculation

Denbury's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -4.025/( (84.672+78.561)/ 2 )
=-1  *  -4.025/81.6165
=4.93 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52.094 + 32.578
=84.672

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=44.431 + 34.13
=78.561

Denbury's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -3.3/( (87.22+106.326)/ 2 )
=-1  *  -3.3/96.773
=3.41 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=82.683 + 4.537
=87.22

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=101.228 + 5.098
=106.326

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


Denbury  (NYSE:DEN) Effective Interest Rate on Debt % Explanation

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


Denbury Effective Interest Rate on Debt % Related Terms

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


Denbury (Denbury) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Denbury Inc (NYSE:DEN) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
5851 Legacy Circle, Plano, TX, USA, 75024
Denbury Inc is an independent energy company. Its operations are focused on two key operating areas: the Gulf Coast and Rocky Mountain regions. The company is differentiated by its focus on CO2 EOR and the emerging CCUS industry, supported by the company's CO2 EOR technical and operational expertise and its CO2 pipeline infrastructure. The revenue is generated from oil, natural gas, and related product sales.
Executives
Nicole H. Jennings officer: Vice President and CAO 5851 LEGACY CIRCLE, SUITE 1200, PLANO TX 75024
David E Sheppard officer: EVP and COO 5851 LEGACY CIRCLE, SUITE 1200, PLANO TX 75024
Cindy A Yeilding director 5851 LEGACY DRIVE, SUITE 1200, PLANO TX 75024
Goldentree Asset Management Lp 10 percent owner 300 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Caroline Angoorly director 386 CAIRO JUNCTION ROAD, CATSKILL NY 12414
Steven A. Tananbaum 10 percent owner 300 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Goldentree Asset Management Llc 10 percent owner 300 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Brett Wiggs director 5851 LEGACY CIRCLE, SUITE 1200, PLANO TX 75024
Anthony Abate director C/O BATTERY VENTURES, 20 WILLIAM ST STE 200, WELLESLEY MA 02481
James N Chapman director 14 ALPINE ROAD, GREENWICH CT 06830
Mary M Vandeweghe director 1601 W. DIEHL ROAD, NAPERVILLE IL 60563
Mark C Allen officer: Sr. VP/CFO, Treas. & Ast. Sec. C/O DENBURY INC, 5851 LEGACY DRIVE, SUITE 1200, PLANO TX 75024
Alan Rhoades officer: VP & Chief Accounting Officer 5320 LEGACY DRIVE, PLANO TX 75024
James S. Matthews officer: SVP, General Counsel & Sec'y 5851 LEGACY CIRCLE, SUITE 1200, PLANO TX 75024
Christian S Kendall officer: President and CEO 5851 LEGACY CIRCLE, SUITE 1200, PLANO TX 75024