CIPI (Correlate Energy) Effective Interest Rate on Debt %: 63.66% (As of Sep. 2024)


CIPI Correlate Energy Corp CIPI
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What is Correlate Energy Effective Interest Rate on Debt %?

Correlate Energy CIPI 12 Effective Interest Rate on Debt % is 63.66% as of Sep. 2024. GuruFocus rates CIPI with a GF Score™ of 12/100.

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. Correlate Energy's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $1.05 Mil. Correlate Energy's average total debt for the quarter that ended in Sep. 2024 was $1.65 Mil. Therefore, Correlate Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 63.66%.


Correlate Energy  (OTCPK:CIPI) Effective Interest Rate on Debt % Explanation

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


Correlate Energy Effective Interest Rate on Debt % Related Terms


Correlate Energy Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Correlate Energy'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.

Correlate Energy Effective Interest Rate on Debt % Chart

Correlate Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.38 0.00 30.00 125.63 200.69

Correlate Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 274.41 162.92 147.04 369.34 63.66

CIPI vs WLGSF, PWR, EME: Effective Interest Rate on Debt % Comparison

For the Engineering & Construction subindustry, Correlate Energy'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.


Correlate Energy Effective Interest Rate on Debt % vs Construction Industry

For the Construction industry and Industrials sector, Correlate Energy's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Correlate Energy Corp CIPI
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Correlate Energy Effective Interest Rate on Debt % Calculation

Correlate Energy'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  *  -5.523/( (1.889+3.615)/ 2 )
=-1  *  -5.523/2.752
=200.69 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.345 + 1.544
=1.889

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.935 + 2.68
=3.615

Correlate Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -1.052/( (1.665+1.64)/ 2 )
=-1  *  -1.052/1.6525
=63.66 %

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

What does a Effective Interest Rate on Debt % of 63.66% mean?
Correlate Energy (CIPI) has a Effective Interest Rate on Debt % of 63.66% as of Sep. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Correlate Energy and its competitors.
Is Correlate Energy's Effective Interest Rate on Debt % too high?
Correlate Energy's current Effective Interest Rate on Debt % is 63.66%. Overall, Correlate Energy has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Correlate Energy's Effective Interest Rate on Debt % compare to WLGSF and PWR?
Correlate Energy's Effective Interest Rate on Debt % of 63.66% can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Construction company?
A good Effective Interest Rate on Debt % depends on the Construction industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Correlate Energy and its competitors. Correlate Energy's current Effective Interest Rate on Debt % is 63.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Correlate Energy stock overvalued right now?
Correlate Energy (CIPI) has a current Effective Interest Rate on Debt % of 63.66%. The current Effective Interest Rate on Debt % is 63.66%. Correlate Energy's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Correlate Energy (CIPI), the current Effective Interest Rate on Debt % is 63.66% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Correlate Energy Business Description

Address 176 S. Capitol Boulevard, 2nd Floor, Boise, ID, USA, 83702
Correlate Energy Corp together with its subsidiaries, is a technology-enabled clean energy optimization provider that offers a complete suite of proprietary clean energy assessment and deployment solutions for commercial and industrial (C&I) building and property owners in North America. The company generates revenue from its in-house and end-to-end development and fulfillment resources for engineering, procurement, and construction services (EPC) and consulting services. Under contracts for EPC services, it provides engineering services, obtains materials, and installs materials to agreed-upon specifications. Through its consulting services, the company assists its clients in achieving certain defined project milestones.
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