Maxim Power (Maxim Power) Effective Interest Rate on Debt % : 7.77% (As of Dec. 2023)

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What is Maxim Power 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. Maxim Power's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4.70 Mil. Maxim Power's average total debt for the quarter that ended in Dec. 2023 was $60.50 Mil. Therefore, Maxim Power's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.77%.

Maxim Power Effective Interest Rate on Debt % Historical Data

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

Maxim Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.69

6.28

9.39

8.22

8.14

Maxim Power Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.33	8.30	7.52	8.80	7.77

Competitive Comparison of Maxim Power's Effective Interest Rate on Debt %

For the Utilities - Independent Power Producers subindustry, Maxim Power'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.

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

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

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

Maxim Power Effective Interest Rate on Debt % Calculation

Maxim Power'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 * -4.95	/	( (60.958	+	60.61)	/ 2 )
=	-1 * -4.95	/	60.784
=	8.14 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59.877	+	1.081
=	60.958

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	57.011	+	3.599
=	60.61

Maxim Power's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -4.7	/	( (60.396	+	60.61)	/ 2 )
=	-1 * -4.7	/	60.503
=	7.77 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	55.79	+	4.606
=	60.396

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	57.011	+	3.599
=	60.61

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

Maxim Power (OTCPK:MXGFF) Effective Interest Rate on Debt % Explanation

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

Maxim Power Effective Interest Rate on Debt % Related Terms

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Maxim Power (Maxim Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Maxim Power Corp (OTCPK:MXGFF) » Definitions » Effective Interest Rate on Debt %

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MXG:Canada

Address

715-5 Avenue Southwest, Suite 1800, Calgary, AB, CAN, T2P 2X6

Website

https://www.maximpowercorp.com

Maxim Power Corp is an independent power producer. It is focused entirely on power projects in Alberta. Its core asset is the 204MW H.R. Milner Plant, M2, in Grande Cache, AB, a state-of-the-art natural gas-fired power plant that went online in Q2, 2020. The company is increasing the capacity of M2 to approximately 300 MW and concurrently will realize an improvement in the efficiency of the plant by investing in heat recovery combined cycle technology. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.