Crown Point Energy (TSXV:CWV) Effective Interest Rate on Debt % : 11.55% (As of Jun. 2024)

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What is Crown Point 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. Crown Point Energy's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was C$4.94 Mil. Crown Point Energy's average total debt for the quarter that ended in Jun. 2024 was C$42.78 Mil. Therefore, Crown Point Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 11.55%.

Crown Point Energy Effective Interest Rate on Debt % Historical Data

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

Crown Point Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.79

24.08

26.54

21.47

12.97

Crown Point Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															18.59	10.16	9.70	9.46	11.55

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

For the Oil & Gas E&P subindustry, Crown Point 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.

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

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

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

Crown Point Energy Effective Interest Rate on Debt % Calculation

Crown Point 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 * -4.394	/	( (27.336	+	40.424)	/ 2 )
=	-1 * -4.394	/	33.88
=	12.97 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.068	+	6.268
=	27.336

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22.589	+	17.835
=	40.424

Crown Point Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -4.94	/	( (40.267	+	45.293)	/ 2 )
=	-1 * -4.94	/	42.78
=	11.55 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.254	+	25.013
=	40.267

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.995	+	37.298
=	45.293

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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Crown Point Energy (TSXV:CWV) Effective Interest Rate on Debt % Explanation

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

Crown Point Energy Effective Interest Rate on Debt % Related Terms

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Crown Point Energy Business Description

Industry

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Address

Godoy Cruz 2769 Piso 4, Ciudad Autonoma de Buenos Aires, Buenos Aires, ARG, C1425FQK

Website

https://www.crownpointenergy.com

Crown Point Energy Inc. is an oil and gas exploration and development company. The Company has one operating segment in Argentina where all natural gas, oil and condensate sales revenue is derived from upstream operations and E&E assets and all material property and equipment are located. The Company's exploration and development activities focus on three producing basins in Argentina, including the Austral basin in the province of Tierra del Fuego, and the Neuquen, Cuyo, and Cuyana basins in the region of M.ndoza.

Executives

William Ball Wheeler

10% Security Holder

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