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White River Energy (White River Energy) Effective Interest Rate on Debt % : 582.89% (As of Dec. 2023)


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What is White River 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. White River Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $8.34 Mil. White River Energy's average total debt for the quarter that ended in Dec. 2023 was $1.43 Mil. Therefore, White River Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 582.89%.


White River Energy Effective Interest Rate on Debt % Historical Data

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

White River Energy Annual Data
Trend Mar22 Mar23
Effective Interest Rate on Debt %
21.16 198.69

White River Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.77 548.20 474.84 120.61 582.89

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

For the Oil & Gas E&P subindustry, White River 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.


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

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

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



White River Energy Effective Interest Rate on Debt % Calculation

White River Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -1.823/( (0.293+1.542)/ 2 )
=-1  *  -1.823/0.9175
=198.69 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.11 + 0.183
=0.293

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.324 + 1.218
=1.542

White River Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -8.344/( (2.495+0.368)/ 2 )
=-1  *  -8.344/1.4315
=582.89 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.268 + 2.227
=2.495

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.237 + 0.131
=0.368

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


White River Energy  (OTCPK:WTRV) Effective Interest Rate on Debt % Explanation

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


White River Energy Effective Interest Rate on Debt % Related Terms

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White River Energy (White River Energy) Business Description

Industry
Traded in Other Exchanges
N/A
Address
609 W. Dickson Street, Suite 102 G, Fayetteville, AR, USA, 72701
White River Energy Corp is engaged in oil and gas exploration, production and drilling operations. The company operates over 30,000 cumulative acres of active oil and gas mineral leases in Louisiana and Mississippi.

White River Energy (White River Energy) Headlines

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