Topaz Energy (TSX:TPZ) Effective Interest Rate on Debt % : 7.23% (As of Mar. 2024)

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What is Topaz 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. Topaz Energy's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$27.4 Mil. Topaz Energy's average total debt for the quarter that ended in Mar. 2024 was C$379.3 Mil. Therefore, Topaz Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.23%.

Topaz Energy Effective Interest Rate on Debt % Historical Data

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

Topaz Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

1.08

3.67

6.80

Topaz 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															6.59	6.81	7.44	7.25	7.23

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

For the Oil & Gas Midstream subindustry, Topaz 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.

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

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

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

Topaz Energy Effective Interest Rate on Debt % Calculation

Topaz 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 * -29.099	/	( (464.584	+	391.638)	/ 2 )
=	-1 * -29.099	/	428.111
=	6.80 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	464.584	+	0
=	464.584

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	391.638	+	0
=	391.638

Topaz 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 * -27.436	/	( (391.638	+	367.059)	/ 2 )
=	-1 * -27.436	/	379.3485
=	7.23 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	391.638	+	0
=	391.638

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	367.059	+	0
=	367.059

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.

Topaz Energy (TSX:TPZ) Effective Interest Rate on Debt % Explanation

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

Topaz Energy Effective Interest Rate on Debt % Related Terms

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Topaz Energy (TSX:TPZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Topaz Energy Corp (TSX:TPZ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

TPZEF:USA 5XU:Germany

Address

250 - 6th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 3H7

Website

https://www.topazenergy.ca

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. It generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.

Executives

Stephen Phillip Larke

Director