OGE Energy (OGE Energy) Effective Interest Rate on Debt % : 5.47% (As of Dec. 2023)

View and export this data going back to 1950. Start your Free Trial

What is OGE 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. OGE Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $262 Mil. OGE Energy's average total debt for the quarter that ended in Dec. 2023 was $4,795 Mil. Therefore, OGE Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.47%.

OGE Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for OGE 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.

* Premium members only.

OGE Energy Effective Interest Rate on Debt % Chart

OGE Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

4.67

4.65

3.77

3.57

4.87

OGE Energy 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															4.01	4.01	4.84	4.83	5.47

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

For the Utilities - Regulated Electric subindustry, OGE 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.

OGE Energy's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

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

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

OGE Energy Effective Interest Rate on Debt % Calculation

OGE 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 * -228.5	/	( (4548.6	+	4839.7)	/ 2 )
=	-1 * -228.5	/	4694.15
=	4.87 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3548.7	+	999.9
=	4548.6

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4340.5	+	499.2
=	4839.7

OGE Energy'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 * -262.4	/	( (4751.1	+	4839.7)	/ 2 )
=	-1 * -262.4	/	4795.4
=	5.47 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4339.7	+	411.4
=	4751.1

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4340.5	+	499.2
=	4839.7

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.

OGE Energy (NYSE:OGE) Effective Interest Rate on Debt % Explanation

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

OGE Energy Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of OGE Energy's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

OGE Energy (OGE Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » OGE Energy Corp (NYSE:OGE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

PNW IDA POR PNM MGEE EVRG HE LNT GNE VIA NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

OG5:Germany

Address

321 North Harvey, P.O. Box 321, Oklahoma, OK, USA, 73101-0321

Website

https://www.ogeenergy.com

OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility with electricity generation, transmission, and distribution to 900,000 customers in Oklahoma and western Arkansas. In December 2021, OGE divested its 25.5% stake in Enable Midstream Partners, an oil and gas services company it created in 2013 through a unit exchange merger with Energy Transfer. OGE sold its 95.4 million limited partner units of Energy Transfer throughout 2022. OGE sold is retail gas business in 1928 and no longer has any gas operations.

Executives

David L Hauser	director	704-731-1522, CHARLOTTE NC 28209-4674
Cathy R. Gates	director	C/O TEMPUR SEALY INTERNATIONAL, INC., 1000 TEMPUR WAY, LEXINGTON KY 40511
David E Rainbolt	director	C/O BANCFIRST CORP, 100 N BROADWAY, OKLAHOMA CITY OK 73102
Whitfield Johnny W Jr	officer: VP Bus Intel, Supp Chain-OG&E	PO BOX 321, OKLAHOMA CITY OK 73101
Keith E Erickson	officer: VP Sales & Cust Oper (OG&E)	PO BOX 321, OKLAHOMA CITY OK 73101
Cristina F Mcquistion	officer: VP Process & Perf Improvement	P.O. BOX 321, OKLAHOMA CITY OK 73101
Patricia D Horn	officer: VP-Gov, Env; Corp Sec	PO BOX 321, OKLAHOMA CITY OK 73101
David A Parker	officer: VP- Tech, Data, Security-OG&E	PO BOX 321, OKLAHOMA CITY OK 73101
Kissam Luther C Iv	director	3801 BERESFORD ROAD, CHARLOTTE NC 28211
Christine Ostendorf Woodworth	officer: VP- Corp Com Brand & Marketing	C/O OGE ENERGY CORP., PO BOX 321, OKLAHOMA CITY OK 73101
J. Michael Sanner	director	3701 STONEHURST, JONES OK 73049
Scott A Briggs	officer: VP- Human Resources-OG&E	PO BOX 321, OKLAHOMA CITY OK 73103
Robert J Burch	officer: VP- Utility Technical Services	PO BOX 321, OKLAHOMA CITY OK 73101
Matthew J Schuermann	officer: VP- Power Supply Ops-OG&E	PO BOX 321, OKLAHOMA CITY OK 73101
William Bryan Buckler	officer: Chief Financial Officer	C/O OGE ENERGY CORP., PO BOX 321, OKLAHOMA CITY OK 73103