What is Spire 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. Spire's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $202 Mil. Spire's average total debt for the quarter that ended in Dec. 2023 was $4,709 Mil. Therefore, Spire's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.30%.
Spire Effective Interest Rate on Debt % Historical Data
The historical data trend for Spire'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.
Spire Effective Interest Rate on Debt % Chart
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Spire Annual Data
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Trend |
Sep14 |
Sep15 |
Sep16 |
Sep17 |
Sep18 |
Sep19 |
Sep20 |
Sep21 |
Sep22 |
Sep23 |
| Effective Interest Rate on Debt % |
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3.80 |
3.52 |
3.14 |
3.02 |
4.15 |
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Spire Quarterly Data
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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 % |
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3.91 |
4.12 |
4.13 |
4.20 |
4.30 |
Competitive Comparison of Spire's Effective Interest Rate on Debt %
For the Utilities - Regulated Gas subindustry, Spire'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.
Spire's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Spire's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Spire's Effective Interest Rate on Debt % falls into.
Spire Effective Interest Rate on Debt % Calculation
Spire'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 * -185.7 | / | ( (4277.2 | + | 4666.1) | / 2 ) |
| = | -1 * -185.7 | / | 4471.65 |
| = | 4.15 % |
where
Spire'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 * -202.4 | / | ( (4666.1 | + | 4752.3) | / 2 ) |
| = | -1 * -202.4 | / | 4709.2 |
| = | 4.30 % |
where
* 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 (Dec. 2023) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Spire (SR) Business Description
Traded in Other Exchanges
Address
700 Market Street, Saint Louis, MO, USA, 63101
Spire Inc is a public utility holding company with three reportable business segments: Gas Utility , Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis and the Midstream segment includes transportation and storage of natural gas.
Executives
| Paul D Koonce |
director |
P O BOX 26532, RICHMOND VA 23261 |
| Adam W. Woodard |
officer: Treasurer |
700 MARKET STREET, ST. LOUIS MO 63101 |
| Steven P Rasche |
officer: Executive Vice President |
700 MARKET STREET, ST. LOUIS MO 63101 |
| Stephen M Mills |
officer: Senior Vice President |
700 MARKET STREET, ST. LOUIS MO 63101 |
| Vincent J Ferrari |
director |
12555 MANCHESTER ROAD, DES PERES MO 63131 |
| Brenda D Newberry |
director |
700 MARKET STREET, ST. LOUIS MO 63101 |
| Carrie J Hightman |
director |
C/O NISOURCE INC., 801 E. 86TH AVENUE, MERRILLVILLE IN 46410 |
| Stupp John P Jr |
director |
STUPP JOHN P JR, #18 ST. ANDREWS DR., ST LOUIS MO 63124 |
| Joseph B. Hampton |
officer: President, AL & MS |
700 MARKET STREET, ST. LOUIS MO 63101 |
| Scott B. Carter |
officer: SVP, COO of Distribution Ops |
700 MARKET STREET, ST. LOUIS MO 63101 |
| Stephen S Schwartz |
director |
46897 BAYSIDE PARKWAY, FREMONT CA 94538 |
| Rob L. Jones |
director |
555 EAST AIRTEX DRIVE, HOUSTON TX 77073 |
| Edward L Glotzbach |
director |
C/O VISUAL NETWORKS INC, 2092 GAITHER ROAD, ROCKVILLE MD 20850 |
| Mark A Borer |
director |
|
| Van Lokeren Mary Ann |
director |
|
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