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FuelCell Energy (FuelCell Energy) Effective Interest Rate on Debt % : 6.76% (As of Jan. 2024)


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What is FuelCell 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. FuelCell Energy's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $9.4 Mil. FuelCell Energy's average total debt for the quarter that ended in Jan. 2024 was $138.4 Mil. Therefore, FuelCell Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 6.76%.


FuelCell Energy Effective Interest Rate on Debt % Historical Data

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

FuelCell Energy Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.56 10.37 5.25 6.33 5.95

FuelCell Energy Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 5.78 5.76 6.57 6.93 6.76

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

For the Electrical Equipment & Parts subindustry, FuelCell 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.


FuelCell Energy's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, FuelCell Energy's Effective Interest Rate on Debt % distribution charts can be found below:

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



FuelCell Energy Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2022 )+Total Debt  (A: Oct. 2023 ))/ count )
=-1  *  -7.247/( (104.286+139.246)/ 2 )
=-1  *  -7.247/121.766
=5.95 %

where

Total Debt  (A: Oct. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=90.438 + 13.848
=104.286

Total Debt  (A: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=128.58 + 10.666
=139.246

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -9.352/( (139.246+137.474)/ 2 )
=-1  *  -9.352/138.36
=6.76 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=128.58 + 10.666
=139.246

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=126.582 + 10.892
=137.474

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


FuelCell Energy  (NAS:FCEL) Effective Interest Rate on Debt % Explanation

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


FuelCell Energy Effective Interest Rate on Debt % Related Terms

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FuelCell Energy (FuelCell Energy) Business Description

Address
3 Great Pasture Road, Danbury, CT, USA, 06810
FuelCell Energy Inc is a fuel-cell power company. FuelCell designs manufactures, sells, installs, operates, and services fuel cell products and electrolysis platforms that decarbonize power and produce hydrogen. It serves various industries such as Industrial, Wastewater treatment, Commercial and Hospitality, Data centers and Communications, Education and Healthcare, and others. Geographically, the company generates a majority of its revenue from the United States followed by South Korea.
Executives
Jason Few director, officer: CEO 2201 COLQUITT STREET, HOUSTON TX 77098
Michael S. Bishop officer: EVP, TREASURER & CFO FUELCELL ENERGY, INC., 3 GREAT PASTURE ROAD, DANBURY CT 06813-1305
Anthony Leo officer: EVP & Chief Technology Officer C/O FUELCELL ENERGY, INC., 3 GREAT PASTURE ROAD, DANBURY CT 06810
Michael Lisowski officer: EVP & Chief Operating Officer C/O FUELCELL ENERGY, INC., 3 GREAT PASTURE ROAD, DANBURY CT 06810
Althann Natica Von director TWO NORTH NINTH STREET, ALLENTOWN PA 18101
Matthew F Hilzinger director
James Herbert England director 15687 VILLORESI WAY, NAPLES FL 34110
Wilson Donna Sims director FUELCELL ENERGY, INC., 3 GREAT PASTURE ROAD, DANBURY CT 06810
Betsy B Bingham director 3 GREAT PASTURE ROAD, DANBURY CT 06810
Cynthia L Hansen director 500 CONSUMERS ROAD, NORTH YORK A6 M2J 1P8
Mark Feasel officer: EVP & Ch. Commercial Officer 3 GREAT PASTURE ROAD, DANBURY CT 06810
Joshua Dolger officer: Interim Gen Counsel & Corp Sec FUELCELL ENERGY, INC., 3 GREAT PASTURE ROAD, DANBURY CT 06810
John Christopher Groobey director 38 TROLLHAVEN LANE, ANNAPOLIS MD 21401
Jennifer D Arasimowicz officer: EVP, Gen. Counsel, CAO, Secy FUELCELL ENERGY, INC., 3 GREAT PASTURE ROAD, DANBURY CT 06810
John A Rolls director