GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enservco Corp (AMEX:ENSV) » Definitions » Effective Interest Rate on Debt %

Enservco (Enservco) Effective Interest Rate on Debt % : 24.98% (As of Mar. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Enservco 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. Enservco's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $2.31 Mil. Enservco's average total debt for the quarter that ended in Mar. 2024 was $9.25 Mil. Therefore, Enservco's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 24.98%.


Enservco Effective Interest Rate on Debt % Historical Data

The historical data trend for Enservco'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.

Enservco Effective Interest Rate on Debt % Chart

Enservco 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 6.92 5.09 0.27 9.32 18.88

Enservco 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 19.41 21.89 24.32 24.66 24.98

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

For the Oil & Gas Equipment & Services subindustry, Enservco'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.


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

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

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



Enservco Effective Interest Rate on Debt % Calculation

Enservco'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  *  -2.121/( (13.042+9.425)/ 2 )
=-1  *  -2.121/11.2335
=18.88 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.023 + 5.019
=13.042

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.88 + 5.545
=9.425

Enservco'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  *  -2.312/( (9.425+9.084)/ 2 )
=-1  *  -2.312/9.2545
=24.98 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.88 + 5.545
=9.425

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.521 + 7.563
=9.084

* 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.


Enservco  (AMEX:ENSV) Effective Interest Rate on Debt % Explanation

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


Enservco Effective Interest Rate on Debt % Related Terms

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


Enservco (Enservco) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enservco Corp (AMEX:ENSV) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
14133 County Road 9 1/2, Longmont, CO, USA, 80504
Enservco Corp operates in the oil and gas industry. It offers well enhancement and fluid management services to the domestic onshore oil and natural gas industry. The services include frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company's reportable business segments are Production Services and Completion and Other Services. It operates in geographically diverse regions of the United States.
Executives
Steve A Weyel director 1021 MAIN, SUITE 2626, HOUSTON TX 77002
Kevin Chesser director 14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Mark Patterson officer: Chief Financial Officer 14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Donovan Kelly officer: Principal Accounting Officer 14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Marjorie Anne Hargrave officer: Chief Financial Officer 999 18TH STREET, SUITE 1925N, DENVER CO 80202
Ian Dickinson director, officer: President and CEO 501 SOUTH CHERRY STREET, SUITE 1000, DENVER CO 80246
William A Jolly director 163 PINEWOOD TRAIL, TRUMBULL CT 06611
Kevin Kersting officer: Chief Operating Officer 501 SOUTH CHERRY STREET, SUITE 1000, DENVER CO 80246
Dustin Riley Bradford officer: Chief Accounting Officer 1837 S WASHINGTON ST, DENVER CO 80210
Cross River Capital Management Llc 10 percent owner 31 BAILEY AVENUE, UNIT D, RIDGEFIELD CT 06877
Tucker L Franciscus officer: Chief Financial Officer C/O PYR ENERGY CORP, 1675 BROADWAY - SUITE 2450, DENVER CO 80202
Austin Peitz officer: V-P Field Operations 501 S. CHERRY STREET, SUITE 320, DENVER CO 80246
Christopher D. Haymons director 210 UNIVERSITY BOULEVARD, SUITE 650, DENVER CO 80206
Rick D Kasch officer: President & CFO 830 TENDERFOOT HILL ROAD, P.O. BOX 60460, COLORADO SPRINGS CO 80960
Steven P Oppenheim director

Enservco (Enservco) Headlines

From GuruFocus