Valener (TSX:VNR.PR.A.PFD) Effective Interest Rate on Debt % : 3.14% (As of Jun. 2019)

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What is Valener 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. Valener's annualized positive value of Interest Expense for the quarter that ended in Jun. 2019 was C$2.52 Mil. Valener's average total debt for the quarter that ended in Jun. 2019 was C$80.30 Mil. Therefore, Valener's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2019 was 3.14%.

Valener Effective Interest Rate on Debt % Historical Data

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

Valener Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Effective Interest Rate on Debt %

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2.02

1.70

1.89

1.91

2.57

Valener Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.58	2.77	3.00	3.21	3.14

Competitive Comparison of Valener's Effective Interest Rate on Debt %

For the Utilities - Regulated Gas subindustry, Valener'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.

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

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

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

Valener Effective Interest Rate on Debt % Calculation

Valener's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2017 )	+	Total Debt (A: Sep. 2018 ))	/ count )
=	-1 * -2.436	/	( (103.759	+	85.867)	/ 2 )
=	-1 * -2.436	/	94.813
=	2.57 %

where

	Total Debt (A: Sep. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	103.759	+	0
=	103.759

	Total Debt (A: Sep. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	85.867	+	0
=	85.867

Valener's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2019 )	+	Total Debt (Q: Jun. 2019 ))	/ count )
=	-1 * -2.524	/	( (82.009	+	78.581)	/ 2 )
=	-1 * -2.524	/	80.295
=	3.14 %

where

	Total Debt (Q: Mar. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	82.009	+	0
=	82.009

	Total Debt (Q: Jun. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78.581	+	0
=	78.581

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. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Valener (TSX:VNR.PR.A.PFD) Effective Interest Rate on Debt % Explanation

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

Valener Effective Interest Rate on Debt % Related Terms

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Valener (TSX:VNR.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Valener Inc (TSX:VNR.PR.A.PFD) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

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Address

1717 du Havre Street, Montreal, QC, CAN, H2K 2X3

Website

http://www.valener.com

Valener Inc is an investment holding company engaged in the regulated energy business in the United States and Canada through Gaz Metro. Its core business operations involve natural gas distribution in Quebec and Vermont as well as electricity distribution in Vermont. The company through its subsidiaries holds the interest in wind farm business. It serves more than 200,000 customers in Quebec and over 310,000 customers in Vermont.

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