Empire Diversified Energy (Empire Diversified Energy) Effective Interest Rate on Debt % : 16.42% (As of Sep. 2023)

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What is Empire Diversified 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. Empire Diversified Energy's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $16.70 Mil. Empire Diversified Energy's average total debt for the quarter that ended in Sep. 2023 was $101.69 Mil. Therefore, Empire Diversified Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 16.42%.

Empire Diversified Energy Effective Interest Rate on Debt % Historical Data

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

Empire Diversified Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

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110.57

17.63

18.30

3.63

16.40

Empire Diversified Energy Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Sep22	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															11.84	13.82	13.09	34.03	16.42

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

For the Oil & Gas Midstream subindustry, Empire Diversified 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.

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

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

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

Empire Diversified Energy Effective Interest Rate on Debt % Calculation

Empire Diversified Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -7.021	/	( (29.217	+	56.424)	/ 2 )
=	-1 * -7.021	/	42.8205
=	16.40 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.707	+	2.51
=	29.217

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.84	+	11.584
=	56.424

Empire Diversified Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -16.696	/	( (0	+	101.688)	/ 1 )
=	-1 * -16.696	/	101.688
=	16.42 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.705	+	39.983
=	101.688

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

Empire Diversified Energy (OTCPK:MPIR) Effective Interest Rate on Debt % Explanation

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

Empire Diversified Energy Effective Interest Rate on Debt % Related Terms

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Empire Diversified Energy (Empire Diversified Energy) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

401 East Las Olas Boulevard, Suite 1400, 14th Floor, Fort Lauderdale, FL, USA, 33301

Website

https://www.empirediversifiedenergy.com

Empire Diversified Energy Inc is a diversified energy and logistics company. It has developed a wide range of green energy products and solutions to industry problems, offering strategic and cost-effective logistics to address LNG and Petrochemical Storage Hubs, Petrochemical Loading Facilities Scrap Iron and Mineral Sales, (Slag, HBI, Coal, Water).

Executives

Robert J. Lancellotti

director, 10 percent owner

PO BOX 154, CONGERS NY 10920