Devon Energy (MIL:1DY6) Effective Interest Rate on Debt % : 5.40% (As of Mar. 2024)

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What is Devon 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. Devon Energy's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €320 Mil. Devon Energy's average total debt for the quarter that ended in Mar. 2024 was €5,923 Mil. Therefore, Devon Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.40%.

Devon Energy Effective Interest Rate on Debt % Historical Data

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

Devon Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.85

5.45

7.08

5.69

5.53

Devon Energy 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															5.53	5.70	5.70	5.34	5.40

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

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

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

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

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

Devon Energy Effective Interest Rate on Debt % Calculation

Devon 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 * -338.373	/	( (6321.968	+	5914.65)	/ 2 )
=	-1 * -338.373	/	6118.309
=	5.53 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6085.024	+	236.944
=	6321.968

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5471.739	+	442.911
=	5914.65

Devon 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 * -320.16	/	( (5914.65	+	5932.16)	/ 2 )
=	-1 * -320.16	/	5923.405
=	5.40 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5471.739	+	442.911
=	5914.65

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5491.48	+	440.68
=	5932.16

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.

Devon Energy (MIL:1DY6) Effective Interest Rate on Debt % Explanation

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

Devon Energy Effective Interest Rate on Debt % Related Terms

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Devon Energy (MIL:1DY6) Business Description

Industry

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Traded in Other Exchanges

DVN:USA DVN:Mexico DY6d:UK DY6:Germany D1VN34:Brazil DVN:Austria

Address

333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015

Website

https://www.devonenergy.com

Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2022, Devon's proved reserves totaled 1.8 billion barrels of oil equivalent, and net production that year was 611 thousand boe/d, of which oil and natural gas liquids made up 73% of production, with natural gas accounting for the remainder.

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