Solid Power (Solid Power) Effective Interest Rate on Debt % : 1.78% (As of Mar. 2024)

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What is Solid Power 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. Solid Power's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.17 Mil. Solid Power's average total debt for the quarter that ended in Mar. 2024 was $9.43 Mil. Therefore, Solid Power's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.78%.

Solid Power Effective Interest Rate on Debt % Historical Data

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

Solid Power Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

0.92

5.66

12.19

0.82

0.86

Solid Power Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											0.52	0.53	0.54	1.87	1.78

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

For the Electrical Equipment & Parts subindustry, Solid Power'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.

Solid Power's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Solid Power Effective Interest Rate on Debt % Calculation

Solid Power'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 * -0.084	/	( (10.053	+	9.553)	/ 2 )
=	-1 * -0.084	/	9.803
=	0.86 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.224	+	0.829
=	10.053

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.548	+	1.005
=	9.553

Solid Power's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.168	/	( (9.553	+	9.309)	/ 2 )
=	-1 * -0.168	/	9.431
=	1.78 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.548	+	1.005
=	9.553

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.288	+	1.021
=	9.309

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.

Solid Power (NAS:SLDP) Effective Interest Rate on Debt % Explanation

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

Solid Power Effective Interest Rate on Debt % Related Terms

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Solid Power (Solid Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solid Power Inc (NAS:SLDP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SLDPW:USA

Address

486 S. Pierce Avenue, Suite E, Louisville, CO, USA, 80027

Website

https://www.solidpowerbattery.com

Solid Power Inc is engaged in developing all-solid-state battery cell technology to enable the next generation of batteries for the EV and other markets. The company's planned business model is to license its all-solid-state battery cell designs and manufacturing know-how to top tier battery manufacturers or automotive original equipment manufacturers and to sell its sulfide-based solid electrolyte for incorporation into all-solid-state battery cells.

Executives

Joshua Buettner-garrett	officer: Chief Technology Officer	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Steven H Goldberg	director	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Kaled Awada	director	7450 N. MCCORMICK BLVD., SKOKIE IL 60076
Susan M Kreh	director	18400 PLEASANT STREET, BROOKFIELD WI 53045
Van Scoter John C.	director, officer: President & CEO	486 S. PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Erik J Anderson	director, officer: Chief Executive Officer	1411 E MISSION AVE, SPOKANE WA 99202
Douglas M Campbell	director, officer: Chief Executive Officer	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
John Joseph Stephens	director	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Mary Ann Wright	director	486 S. PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Volta Energy Technologies, Llc	10 percent owner	28365 DAVIS PARKWAY, SUITE 202, WARRENVILLE IL 60555
Aleksandra A Miziolek	director	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Lesa B Roe	director	C/O SOLID POWER, INC., 486 S PIERCE AVE, SUITE E, LOUISVILLE CO 80027
Johnson Derek Colby	officer: Chief Operating Officer	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Rainer Feurer	director	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
David B Jansen	director, officer: President	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027