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. Kinder Morgan's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1,888 Mil. Kinder Morgan's average total debt for the quarter that ended in Mar. 2024 was $32,131 Mil. Therefore, Kinder Morgan's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.88%.
Kinder Morgan Effective Interest Rate on Debt % Historical Data
The historical data trend for Kinder Morgan'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.
For the Oil & Gas Midstream subindustry, Kinder Morgan'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.
Kinder Morgan Effective Interest Rate on Debt % Distribution
For the Oil & Gas industry and Energy sector, Kinder Morgan's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Kinder Morgan's Effective Interest Rate on Debt % falls into.
Kinder Morgan Effective Interest Rate on Debt % Calculation
Kinder Morgan's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (Mar. 2024) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Kinder Morgan (NYSE:KMI) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Kinder Morgan Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of Kinder Morgan's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kinder Morgan (Kinder Morgan) Business Description
Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 83,000 miles in pipelines and 140 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.
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