Ecofin Global Utilities and Infrastructure Trust (LSE:EGL) Effective Interest Rate on Debt % : 5.80% (As of Sep. 2023)

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What is Ecofin Global Utilities and Infrastructure Trust 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. Ecofin Global Utilities and Infrastructure Trust's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was £1.29 Mil. Ecofin Global Utilities and Infrastructure Trust's average total debt for the quarter that ended in Sep. 2023 was £22.21 Mil. Therefore, Ecofin Global Utilities and Infrastructure Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 5.80%.

Ecofin Global Utilities and Infrastructure Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Ecofin Global Utilities and Infrastructure Trust'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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Ecofin Global Utilities and Infrastructure Trust Effective Interest Rate on Debt % Chart

Ecofin Global Utilities and Infrastructure Trust Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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1.00

0.55

0.29

0.77

5.02

Ecofin Global Utilities and Infrastructure Trust Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									0.26	0.32	1.34	4.00	5.80

Competitive Comparison of Ecofin Global Utilities and Infrastructure Trust's Effective Interest Rate on Debt %

For the Asset Management subindustry, Ecofin Global Utilities and Infrastructure Trust'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.

Ecofin Global Utilities and Infrastructure Trust's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Ecofin Global Utilities and Infrastructure Trust's Effective Interest Rate on Debt % falls into.

Ecofin Global Utilities and Infrastructure Trust Effective Interest Rate on Debt % Calculation

Ecofin Global Utilities and Infrastructure Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -1.144	/	( (25.613	+	20.002)	/ 2 )
=	-1 * -1.144	/	22.8075
=	5.02 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.613	+	0
=	25.613

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.002	+	0
=	20.002

Ecofin Global Utilities and Infrastructure Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -1.288	/	( (24.419	+	20.002)	/ 2 )
=	-1 * -1.288	/	22.2105
=	5.80 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.419	+	0
=	24.419

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.002	+	0
=	20.002

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ecofin Global Utilities and Infrastructure Trust (LSE:EGL) Effective Interest Rate on Debt % Explanation

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

Ecofin Global Utilities and Infrastructure Trust Effective Interest Rate on Debt % Related Terms

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Ecofin Global Utilities and Infrastructure Trust (LSE:EGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ecofin Global Utilities and Infrastructure Trust PLC (LSE:EGL) » Definitions » Effective Interest Rate on Debt %

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EGLl:UK

Address

Rodney Way, Hamilton Centre, Chelmsford, Essex, GBR, CM1 3BY

Website

https://www.ecofininvest.com

Ecofin Global Utilities and Infrastructure Trust PLC is an investment trust which is engaged in portfolio investment. The investment objective of the company is to achieve a high, secure dividend yield on its investment portfolio and to realize long-term growth in the capital value of the portfolio.