Strathcona Resources (TSX:SCR) Effective Interest Rate on Debt % : 8.33% (As of Mar. 2024)

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What is Strathcona Resources 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. Strathcona Resources's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$255 Mil. Strathcona Resources's average total debt for the quarter that ended in Mar. 2024 was C$3,057 Mil. Therefore, Strathcona Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.33%.

Strathcona Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Strathcona Resources'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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Strathcona Resources Effective Interest Rate on Debt % Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

Effective Interest Rate on Debt %

3.66

7.53

Strathcona Resources Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			12.36	7.45	9.52	52.97	8.33

Competitive Comparison of Strathcona Resources's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Strathcona Resources'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.

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

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

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

Strathcona Resources Effective Interest Rate on Debt % Calculation

Strathcona Resources'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 * -239.8	/	( (3300.6	+	3071.2)	/ 2 )
=	-1 * -239.8	/	3185.9
=	7.53 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2973.2	+	327.4
=	3300.6

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3027.4	+	43.8
=	3071.2

Strathcona Resources'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 * -254.8	/	( (3071.2	+	3042.8)	/ 2 )
=	-1 * -254.8	/	3057
=	8.33 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3027.4	+	43.8
=	3071.2

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2995.1	+	47.7
=	3042.8

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.

Strathcona Resources (TSX:SCR) Effective Interest Rate on Debt % Explanation

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

Strathcona Resources Effective Interest Rate on Debt % Related Terms

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Strathcona Resources (TSX:SCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strathcona Resources Ltd (TSX:SCR) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

STHRF:USA YE2:Germany

Address

421 7th Avenue South west, 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. The company focuses on thermal oil, enhanced oil recovery, and condensate-rich Montney.