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Alabama Power Co (Alabama Power Co) Effective Interest Rate on Debt % : 3.75% (As of Jun. 2022)


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What is Alabama Power Co 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. Alabama Power Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2022 was $364.00 Mil. Alabama Power Co's average total debt for the quarter that ended in Jun. 2022 was $9,697.00 Mil. Therefore, Alabama Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 was 3.75%.


Alabama Power Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Alabama Power Co'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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Alabama Power Co Effective Interest Rate on Debt % Chart

Alabama Power Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.01 4.10 4.01 3.84 3.63

Alabama Power Co Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 3.66 3.63 3.73 3.66 3.75

Competitive Comparison of Alabama Power Co's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, Alabama Power Co'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.


Alabama Power Co's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Alabama Power Co's Effective Interest Rate on Debt % falls into.



Alabama Power Co Effective Interest Rate on Debt % Calculation

Alabama Power Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2020 )+Total Debt  (A: Dec. 2021 ))/ count )
=-1  *  -340/( (8988+9753)/ 2 )
=-1  *  -340/9370.5
=3.63 %

where

Alabama Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2022 )+Total Debt  (Q: Jun. 2022 ))/ count )
=-1  *  -364/( (9695+9699)/ 2 )
=-1  *  -364/9697
=3.75 %

where

* 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 (Jun. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Alabama Power Co  (OTCPK:ALBMP.PFD) Effective Interest Rate on Debt % Explanation

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


Alabama Power Co Effective Interest Rate on Debt % Related Terms

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Alabama Power Co (Alabama Power Co) Business Description

Traded in Other Exchanges
N/A
Address
600 North 18th Street, Birmingham, AL, USA, 35291
Alabama Power Co operates in the utility sector. The company supplies electricity and stellar service to homes, businesses and industries in the southern two-thirds of Alabama.

Alabama Power Co (Alabama Power Co) Headlines

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