Perdana Petroleum Bhd (XKLS:7108) Effective Interest Rate on Debt % : 26.72% (As of Mar. 2024)

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What is Perdana Petroleum Bhd 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. Perdana Petroleum Bhd's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was RM7.1 Mil. Perdana Petroleum Bhd's average total debt for the quarter that ended in Mar. 2024 was RM26.5 Mil. Therefore, Perdana Petroleum Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 26.72%.

Perdana Petroleum Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for Perdana Petroleum Bhd'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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Perdana Petroleum Bhd Effective Interest Rate on Debt % Chart

Perdana Petroleum Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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14.55

10.61

8.16

12.14

21.07

Perdana Petroleum Bhd 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															9.50	30.09	27.41	21.10	26.72

Competitive Comparison of Perdana Petroleum Bhd's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Perdana Petroleum Bhd'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.

Perdana Petroleum Bhd's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Perdana Petroleum Bhd's Effective Interest Rate on Debt % falls into.

Perdana Petroleum Bhd Effective Interest Rate on Debt % Calculation

Perdana Petroleum Bhd'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 * -8.43	/	( (52.561	+	27.448)	/ 2 )
=	-1 * -8.43	/	40.0045
=	21.07 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.642	+	19.919
=	52.561

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.841	+	10.607
=	27.448

Perdana Petroleum Bhd'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 * -7.084	/	( (27.448	+	25.568)	/ 2 )
=	-1 * -7.084	/	26.508
=	26.72 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.841	+	10.607
=	27.448

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.891	+	10.677
=	25.568

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.

Perdana Petroleum Bhd (XKLS:7108) Effective Interest Rate on Debt % Explanation

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

Perdana Petroleum Bhd Effective Interest Rate on Debt % Related Terms

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Perdana Petroleum Bhd (XKLS:7108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Perdana Petroleum Bhd (XKLS:7108) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

VSQ at PJCC, Jalan Utara, Level 18, Block 2, Petaling Jaya, SGR, MYS, 46200

Website

https://www.perdana.my

Perdana Petroleum Bhd is a Malaysia based company that engages in the provision of offshore marine support services for the upstream oil and gas industry in the domestic and regional markets. It operates through the only segment: Marine offshore support services. The Marine offshore support services segment is engaged in the provision of vessels for the upstream oil and gas industry, ranging from towing, mooring and anchoring of non-self-propelled marine vessels, and transportation of drilling equipment, production chemicals, and project materials to engineering and workshop facilities onboard. Geographically, it derives majority revenue from Malaysia.

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