Enlight Renewable Energy (XTAE:ENLT) Effective Interest Rate on Debt % : 2.87% (As of Mar. 2024)

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What is Enlight Renewable 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. Enlight Renewable Energy's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₪285 Mil. Enlight Renewable Energy's average total debt for the quarter that ended in Mar. 2024 was ₪9,929 Mil. Therefore, Enlight Renewable Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.87%.

Enlight Renewable Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Enlight Renewable 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.

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Enlight Renewable Energy Effective Interest Rate on Debt % Chart

Enlight Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.76

2.97

2.23

3.00

2.58

Enlight Renewable Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															2.91	2.93	3.19	1.76	2.87

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

For the Utilities - Renewable subindustry, Enlight Renewable 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.

Enlight Renewable Energy's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Enlight Renewable Energy's Effective Interest Rate on Debt % distribution charts can be found below:

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

Enlight Renewable Energy Effective Interest Rate on Debt % Calculation

Enlight Renewable 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 * -229.607	/	( (7907.455	+	9878.347)	/ 2 )
=	-1 * -229.607	/	8892.901
=	2.58 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7222.045	+	685.41
=	7907.455

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8560.718	+	1317.629
=	9878.347

Enlight Renewable Energy'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 * -285.32	/	( (9878.347	+	9979.119)	/ 2 )
=	-1 * -285.32	/	9928.733
=	2.87 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8560.718	+	1317.629
=	9878.347

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8540.179	+	1438.94
=	9979.119

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.

Enlight Renewable Energy (XTAE:ENLT) Effective Interest Rate on Debt % Explanation

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

Enlight Renewable Energy Effective Interest Rate on Debt % Related Terms

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Enlight Renewable Energy (XTAE:ENLT) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enlight Renewable Energy Ltd (XTAE:ENLT) » Definitions » Effective Interest Rate on Debt %

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ENLT:USA

Address

13 Amal Street, P.O. Box 11659, Afek Industrial Park, Rosh Haayin, ISR, 4809249

Website

https://www.enlightenergy.co.il

Enlight Renewable Energy Ltd is a green energy company. It specializes in initiating, developing, financing, constructing, managing, and operating electricity production projects involved in generating electricity from renewable energy sources. It also provides installation services. The company's segments are Photovoltaic Israel, Israel wind, Eastern Europe wind, Eastern Europe Photovoltaic, Western Europe wind energy, and Management and construction. The company generates the majority of its revenue from its Photovoltaic business in Israel and Eastern Europe.