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Evergy (Evergy) Effective Interest Rate on Debt % : 3.98% (As of Mar. 2024)


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What is Evergy 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. Evergy's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $533 Mil. Evergy's average total debt for the quarter that ended in Mar. 2024 was $13,389 Mil. Therefore, Evergy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.98%.


Evergy Effective Interest Rate on Debt % Historical Data

The historical data trend for Evergy'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.

* Premium members only.

Evergy Effective Interest Rate on Debt % Chart

Evergy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.05 3.79 3.47 3.48 4.18

Evergy 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 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 4.04 4.24 4.26 4.08 3.98

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

For the Utilities - Regulated Electric subindustry, Evergy'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.


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

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

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



Evergy Effective Interest Rate on Debt % Calculation

Evergy'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  *  -525.8/( (12036.1+13147.1)/ 2 )
=-1  *  -525.8/12591.6
=4.18 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9905.7 + 2130.4
=12036.1

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11053.3 + 2093.8
=13147.1

Evergy'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  *  -532.8/( (13147.1+13630.6)/ 2 )
=-1  *  -532.8/13388.85
=3.98 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11053.3 + 2093.8
=13147.1

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11658.4 + 1972.2
=13630.6

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Evergy  (NAS:EVRG) Effective Interest Rate on Debt % Explanation

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


Evergy Effective Interest Rate on Debt % Related Terms

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Evergy (Evergy) Business Description

Industry
Traded in Other Exchanges
Address
1200 Main Street, Kansas City, MO, USA, 64105
Evergy is a regulated electric utility serving eastern Kansas and western Missouri. Major operating subsidiaries include Evergy Metro, Evergy Kansas Central, Evergy Missouri West, and Evergy Transmission Co. The utility has a combined rate base of approximately $19 billion, about half in Kansas and the rest split between Missouri and federal jurisdiction. Evergy is one of the largest wind energy suppliers in the U.S.
Executives
Mary L. Landrieu director 100 CENTURYLINK DRIVE, MONROE LA 71203
Neal A Sharma director C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Lesley Lissette Elwell officer: SVP & CHIEF HR OFFICER C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Sandra Aj Lawrence director C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Kevin E. Bryant officer: EVP - CHIEF OPERATING OFFICER C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
James Scarola director C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Charles L King officer: SVP & CHIEF TECHNOLOGY OFFICER C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
C John Wilder director ENTERGY CORP, 639 LOYOLA AVENUE, NEW ORLEANS LA 70113
Kirkland B Andrews director C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
David A Campbell director, officer: PRESIDENT AND CEO C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Thomas D Hyde director C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Anthony D Somma officer: EVP - CHIEF FINANCIAL OFFICER C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Charles A. Caisley officer: SVP - MKTG & PA & CHIEF CO C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Paul Keglevic director STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
Heather A Humphrey officer: SVP - GEN COUNSEL, CORP SEC C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105

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