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WEC (WEC Energy Group) Effective Interest Rate on Debt % : 4.37% (As of Mar. 2025)


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What is WEC Energy Group 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. WEC Energy Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was $892 Mil. WEC Energy Group's average total debt for the quarter that ended in Mar. 2025 was $20,420 Mil. Therefore, WEC Energy Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 4.37%.


WEC Energy Group Effective Interest Rate on Debt % Historical Data

The historical data trend for WEC Energy Group'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.

WEC Energy Group Effective Interest Rate on Debt % Chart

WEC Energy Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.65 3.15 3.13 4.03 4.17

WEC Energy Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.11 4.29 4.28 4.41 4.37

Competitive Comparison of WEC Energy Group's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, WEC Energy Group'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.


WEC Energy Group's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

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

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


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WEC Energy Group Effective Interest Rate on Debt % Calculation

WEC Energy Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -815.3/( (18797.9+20327)/ 2 )
=-1  *  -815.3/19562.45
=4.17 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15512.8 + 3285.1
=18797.9

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17481.4 + 2845.6
=20327

WEC Energy Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2024 )+Total Debt  (Q: Mar. 2025 ))/ count )
=-1  *  -892/( (20327+20512.7)/ 2 )
=-1  *  -892/20419.85
=4.37 %

where

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17481.4 + 2845.6
=20327

Total Debt  (Q: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16455.7 + 4057
=20512.7

* 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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


WEC Energy Group  (NYSE:WEC) Effective Interest Rate on Debt % Explanation

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


WEC Energy Group Effective Interest Rate on Debt % Related Terms

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WEC Energy Group Business Description

Address
231 West Michigan Street, P.O. Box 1331, Milwaukee, WI, USA, 53201
WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 49% electric generation and distribution, 34% gas distribution, 10% electric transmission, and 7% unregulated renewable energy.
Executives
Joshua M Erickson officer: VP and Deputy General Counsel 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Cristina A Garcia-thomas director 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Gale E Klappa director, officer: President 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Ulice Jr Payne director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Scott J Lauber officer: Vice President and Treasurer 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Anthony Reese officer: Vice President and Treasurer 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Mary Beth Straka officer: Sr. VP-Corp Comm & Inv. Rel. 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
William J Guc officer: Vice President & Controller 130 EAST RANDOLPH DRIVE, CHICAGO IL 60601
Ave M Bie director 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Glen E Tellock director 1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
William Mastoris officer: EVP-Cust. Svc. and Operations 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Robert M Garvin officer: Senior Vice President 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Molly A Mulroy officer: EVP & Chief Admin Officer 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Tom Metcalfe officer: Exec. VP - Generation 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Thomas K Lane director 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078