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Ranger Oil (Ranger Oil) Effective Interest Rate on Debt % : 8.93% (As of Mar. 2023)


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What is Ranger Oil 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. Ranger Oil's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $56 Mil. Ranger Oil's average total debt for the quarter that ended in Mar. 2023 was $625 Mil. Therefore, Ranger Oil's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 8.93%.


Ranger Oil Effective Interest Rate on Debt % Historical Data

The historical data trend for Ranger Oil'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.

Ranger Oil Effective Interest Rate on Debt % Chart

Ranger Oil 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 6.11 6.70 5.84 5.52 7.60

Ranger Oil Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 7.44 7.56 8.49 8.75 8.93

Competitive Comparison of Ranger Oil's Effective Interest Rate on Debt %

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


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

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

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



Ranger Oil Effective Interest Rate on Debt % Calculation

Ranger Oil'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  *  -46.07/( (607.27+605.184)/ 2 )
=-1  *  -46.07/606.227
=7.60 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=602.227 + 5.043
=607.27

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=604.277 + 0.907
=605.184

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Mar. 2023 ))/ count )
=-1  *  -55.8/( (605.184+643.896)/ 2 )
=-1  *  -55.8/624.54
=8.93 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=604.277 + 0.907
=605.184

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=632.853 + 11.043
=643.896

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


Ranger Oil  (NAS:ROCC) Effective Interest Rate on Debt % Explanation

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


Ranger Oil Effective Interest Rate on Debt % Related Terms

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Ranger Oil (Ranger Oil) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ranger Oil Corp (NAS:ROCC) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
16285 Park Ten Place, Suite 500, Houston, TX, USA, 77084
Ranger Oil Corp is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs, and natural gas, with operations in the Eagle Ford shale in south Texas.
Executives
Richard Alan Burnett director 12377 MERIT DRIVE, SUITE 1700, DALLAS TX 75251
Garrett Chunn director 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Kayla Baird officer: VP, CAO and Controller 16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Edward Geiser director, 10 percent owner 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Joshua Schmidt director 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Kevin Cumming director 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Juniper Capital Iii Gp, L.p. 10 percent owner 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Juniper Capital Ii Gp, L.p. 10 percent owner 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Temitope Ogunyomi director 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Tim W Gray director 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Julia Gwaltney officer: Sr. Vice President-Development 16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Darrin J. Henke director, officer: President and CEO 16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Mangrove Partners Master Fund, Ltd. 10 percent owner 645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Victor Frank Pottow director 16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Darin G Holderness director 14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079