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Tortoise Energy Infrastructure (Tortoise Energy Infrastructure) Effective Interest Rate on Debt % : 4.53% (As of Nov. 2023)


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What is Tortoise Energy Infrastructure 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. Tortoise Energy Infrastructure's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $3.42 Mil. Tortoise Energy Infrastructure's average total debt for the quarter that ended in Nov. 2023 was $75.54 Mil. Therefore, Tortoise Energy Infrastructure's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 4.53%.


Tortoise Energy Infrastructure Effective Interest Rate on Debt % Historical Data

The historical data trend for Tortoise Energy Infrastructure'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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Tortoise Energy Infrastructure Effective Interest Rate on Debt % Chart

Tortoise Energy Infrastructure Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 3.92 2.83 3.80 3.61 4.31

Tortoise Energy Infrastructure Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 3.45 3.44 3.71 4.73 4.53

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

For the Asset Management subindustry, Tortoise Energy Infrastructure'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.


Tortoise Energy Infrastructure's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Energy Infrastructure's Effective Interest Rate on Debt % distribution charts can be found below:

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



Tortoise Energy Infrastructure Effective Interest Rate on Debt % Calculation

Tortoise Energy Infrastructure's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -3.972/( (112.259+72.096)/ 2 )
=-1  *  -3.972/92.1775
=4.31 %

where

Total Debt  (A: Nov. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=112.259 + 0
=112.259

Total Debt  (A: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=72.096 + 0
=72.096

Tortoise Energy Infrastructure's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2023 )+Total Debt  (Q: Nov. 2023 ))/ count )
=-1  *  -3.422/( (78.986+72.096)/ 2 )
=-1  *  -3.422/75.541
=4.53 %

where

Total Debt  (Q: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=78.986 + 0
=78.986

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=72.096 + 0
=72.096

* 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 two times the semi-annual (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Tortoise Energy Infrastructure  (NYSE:TYG) Effective Interest Rate on Debt % Explanation

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


Tortoise Energy Infrastructure Effective Interest Rate on Debt % Related Terms

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Tortoise Energy Infrastructure (Tortoise Energy Infrastructure) Business Description

Traded in Other Exchanges
N/A
Address
6363 College Boulevard, Suite 100A, Overland Park, Leawood, KS, USA, 66211
Tortoise Energy Infrastructure Corp seeks to provide a high level of current income to stockholders. It invests in fixed income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.
Executives
Ciccotello Conrad S director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Michael Charles Perry officer: Vice President 6363 COLLEGE BOULEVARD, SUITE 100A, OVERLAND PARK KS 66211
Jennifer Paquette director 5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer director, 10 percent owner 5100 W. 115TH PLACE, LEAWOOD KS 66211
Gengler Courtney officer: Vice President 5200 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney director 11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Brian Alan Kessens other: Member of Investment Committee 5100 W. 115TH PLACE, LEAWOOD KS 66211
P. Bradley Adams officer: Chief Financial Officer 5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee officer: President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Guardian Life Insurance Co Of America 10 percent owner 10 HUDSON YARDS, NY NY 10001
Shobana Gopal officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Sean Paul Wickliffe officer: Vice President & Asst Treas. 6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Nicholas Scott Holmes officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Ryan Channell officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211

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