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

Key Energy Services (Key Energy Services) Effective Interest Rate on Debt % : 15.24% (As of Sep. 2020)


View and export this data going back to 1992. Start your Free Trial

What is Key Energy Services 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. Key Energy Services's annualized positive value of Interest Expense for the quarter that ended in Sep. 2020 was $9.0 Mil. Key Energy Services's average total debt for the quarter that ended in Sep. 2020 was $58.7 Mil. Therefore, Key Energy Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 was 15.24%.


Key Energy Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Key Energy Services'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.

Key Energy Services Effective Interest Rate on Debt % Chart

Key Energy Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.06 11.58 12.88 13.97 14.45

Key Energy Services Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 13.56 15.08 21.73 14.74 15.24

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

For the Oil & Gas Equipment & Services subindustry, Key Energy Services'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.


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

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

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



Key Energy Services Effective Interest Rate on Debt % Calculation

Key Energy Services's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2018 )+Total Debt  (A: Dec. 2019 ))/ count )
=-1  *  -35.523/( (243.579+248.018)/ 2 )
=-1  *  -35.523/245.7985
=14.45 %

where

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=241.079 + 2.5
=243.579

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=242.597 + 5.421
=248.018

Key Energy Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2020 )+Total Debt  (Q: Sep. 2020 ))/ count )
=-1  *  -8.952/( (57.412+60.034)/ 2 )
=-1  *  -8.952/58.723
=15.24 %

where

Total Debt  (Q: Jun. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=53.737 + 3.675
=57.412

Total Debt  (Q: Sep. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=56.831 + 3.203
=60.034

* 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 (Sep. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Key Energy Services  (OTCPK:KEGX) Effective Interest Rate on Debt % Explanation

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


Key Energy Services Effective Interest Rate on Debt % Related Terms

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


Key Energy Services (Key Energy Services) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1301 McKinney Street, Suite 1800, Houston, TX, USA, 77010
Key Energy Services Inc is an onshore, rig-based well-servicing contractor. It provides a full range of well-services to oil companies, and independent oil and natural gas production companies. Its services include rig-based and coiled tubing-based well maintenance and workover services, well completion and re-completion services, fluid management services, fishing, and rental services, and other ancillary oilfield services. Its segment includes Rig Services, Fishing, and Rental Services, Coiled Tubing Services and Fluid Management Services within the United States. The company derives the maximum revenue from the Rig Services segment.
Executives
Louis Coale officer: VP and Controller 41 ROLLING LINKS SPRING TX 77386
Nelson Haight officer: Chief Financial Officer 4400 POST OAK PARKWAY, SUITE 1900, HOUSTON TX 77027
Marcus C Rowland director 920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
Alan B. Menkes director 1160 DAIRY ASHFORD RD, STE 160, HOUSTON TX 77079
Katherine Hargis officer: VP, CLO and Secretary 1301 MCKINNEY STREET SUITE 1800 HOUSTON TX 77010
Sherman Iii Edmiston director ONE CITYPLACE DRIVE, SUITE 300, ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141
Wommack H H Iii director SOUTHWEST ROYALTIES INC, 407 N BIG SPRING STREET SUITE 300, MIDLAND TX 79701
Jacob Kotzubei director 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
J Marshall Dodson officer: President, CEO, Interim CFO C/O KEY ENERGY SERVICES, INC. 1301 MCKINNEY STREET, SUITE 1800 HOUSTON TX 77010
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Blackrock Inc. 10 percent owner 50 HUDSON YARDS, NEW YORK NY 10001
Bluemountain Capital Management, Llc 10 percent owner 280 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10017
Bluemountain Gp Holdings, Llc 10 percent owner 280 PARK AVENUE,, 12TH FLOOR, NEW YORK NY 10017
Blue Mountain Credit Alternatives Master Fund L.p. 10 percent owner C/O BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC, 280 PARK AVENUE, 5TH FLOOR EAST, NEW YORK NY 10017