AILLP.PFD (Ameren Illinois Co) Effective Interest Rate on Debt % : 4.15% (As of Jun. 2024)

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What is Ameren Illinois Co 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. Ameren Illinois Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $240.00 Mil. Ameren Illinois Co's average total debt for the quarter that ended in Jun. 2024 was $5,781.00 Mil. Therefore, Ameren Illinois Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.15%.

Ameren Illinois Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Ameren Illinois Co'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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Ameren Illinois Co Effective Interest Rate on Debt % Chart

Ameren Illinois Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.20

4.08

3.88

3.50

3.77

Ameren Illinois Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.81	4.06	3.85	3.84	4.15

Competitive Comparison of Ameren Illinois Co's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, Ameren Illinois Co'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.

Ameren Illinois Co's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

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

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

Ameren Illinois Co Effective Interest Rate on Debt % Calculation

Ameren Illinois Co'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 * -204	/	( (5099	+	5733)	/ 2 )
=	-1 * -204	/	5416
=	3.77 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4735	+	364
=	5099

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5232	+	501
=	5733

Ameren Illinois Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -240	/	( (5711	+	5851)	/ 2 )
=	-1 * -240	/	5781
=	4.15 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4933	+	778
=	5711

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5551	+	300
=	5851

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

Ameren Illinois Co (OTCPK:AILLP.PFD) Effective Interest Rate on Debt % Explanation

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

Ameren Illinois Co Effective Interest Rate on Debt % Related Terms

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Ameren Illinois Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Ameren Illinois Co (OTCPK:AILLP.PFD) » Definitions » Effective Interest Rate on Debt %

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AILLN.PFD:USA AILLI.PFD:USA AILIP.PFD:USA AILIO.PFD:USA AILIN.PFD:USA AILIM.PFD:USA AILIH.PFD:USA

Address

10 Richard Mark Way, Collinsville, IL, USA, 62234

Website

https://www.ameren.com

Ameren Illinois Co an Illinois corporation is a subsidiary of Ameren Corporation. It operates a rate-regulated electric and natural gas transmission and distribution business in Illinois. Ameren Illinois has three segments: Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Illinois Transmission. Ameren Illinois Electric Distribution consists of the electric distribution business of Ameren Illinois. Ameren Illinois Natural Gas consists of the natural gas business of Ameren Illinois. Ameren Transmission primarily consists of the aggregated electric transmission businesses of Ameren Illinois and ATXI. The company makes majority of its revenue from Ameren Illinois Electric Distribution segment.

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