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Artesian Resources (Artesian Resources) Effective Interest Rate on Debt % : 4.89% (As of Dec. 2023)


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What is Artesian 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. Artesian Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $8.78 Mil. Artesian Resources's average total debt for the quarter that ended in Dec. 2023 was $179.82 Mil. Therefore, Artesian Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.89%.


Artesian Resources Effective Interest Rate on Debt % Historical Data

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

Artesian Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.89 4.69 4.42 4.59 4.83

Artesian Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.78 4.85 4.95 4.94 4.89

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

For the Utilities - Regulated Water subindustry, Artesian 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.


Artesian Resources's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Artesian Resources's Effective Interest Rate on Debt % distribution charts can be found below:

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



Artesian Resources Effective Interest Rate on Debt % Calculation

Artesian 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  *  -9.156/( (198.262+181.045)/ 2 )
=-1  *  -9.156/189.6535
=4.83 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=176.085 + 22.177
=198.262

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=178.81 + 2.235
=181.045

Artesian Resources'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  *  -8.784/( (178.586+181.045)/ 2 )
=-1  *  -8.784/179.8155
=4.89 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=176.367 + 2.219
=178.586

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=178.81 + 2.235
=181.045

* 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.


Artesian Resources  (NAS:ARTNA) Effective Interest Rate on Debt % Explanation

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


Artesian Resources Effective Interest Rate on Debt % Related Terms

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Artesian Resources (Artesian Resources) Business Description

Traded in Other Exchanges
Address
664 Churchmans Road, Newark, DE, USA, 19702
Artesian Resources Corp operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater, and other services on the Delmarva Peninsula. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal, and utility customers in the states of Delaware, Maryland, and Pennsylvania. The company is focusing on a wide spectrum of activities, which include identifying new and dependable sources of water supply; developing wells, treatment plants and delivery systems to get water to customers.
Executives
Nicholle Renee Taylor director, officer: Director / Vice President 664 CHURCHMANS ROAD, NEWARK DE 19702
John M Thaeder officer: Senior VP of Operations
Emerson Courtney A officer: Gen Counsel & Asst Secretary 107 DODGE DRIVE, SMYRNA DE 19977
Dian C Taylor director, officer: C.E.O. President
Kenneth R Biederman director
Raymond T. Kelly officer: VP of Information Technology 15 GABRIELLE CIRCLE, SWEDESBORO NJ 08085
Daniel Konstanski officer: Vice President of Engineering 607 S CLAYTON STREET, WILMINGTON DE 19805
Eisenbrey John R Jr director
Pierre A Anderson officer: VP of Information Technology 664 CHURCHMANS ROAD, NEWARK DE 19702
William C Wyer director
Michael Houghton director 212 CLOVER DRIVE, HOCKESSIN DE 19707
Karl G. Randall officer: Asst Secretary and Gen Counsel 664 CHURCHMANS ROAD, NEWARK DE 19702
Schreppler John J Ii officer: VP and General Counsel
Joseph A Dinunzio officer: Exec VP / Corp Secretary 664 CHURCHMANS ROAD, NEWARK DE 19702
David B Spacht officer: CFO and Treasurer