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Correlate Energy (Correlate Energy) Effective Interest Rate on Debt % : 147.04% (As of Mar. 2024)


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What is Correlate Energy 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. Correlate Energy's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $5.98 Mil. Correlate Energy's average total debt for the quarter that ended in Mar. 2024 was $4.07 Mil. Therefore, Correlate Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 147.04%.


Correlate Energy Effective Interest Rate on Debt % Historical Data

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.

* Premium members only.

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 - 30.00 125.63 200.69

Correlate Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 235.48 368.51 274.41 162.92 147.04

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

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's Effective Interest Rate on Debt % Distribution in the 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.



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 Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -5.98/( (3.615+4.519)/ 2 )
=-1  *  -5.98/4.067
=147.04 %

where

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

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.436 + 2.083
=4.519

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


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

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Correlate Energy (Correlate Energy) Business Description

Industry
Traded in Other Exchanges
N/A
Address
220 Travis Street, Suite 501, Shreveport, LA, USA, 71101
Correlate Energy Corp Formerly Correlate Infrastructure Partners Inc, 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 the United States. Through the company's true tech-enabled project development and financing platform, it provides portfolio energy optimization and clean energy solutions for sustainable profit growth in buildings nationwide.
Executives
Eli Albrecht director 176 S. CAPITOL BLVD., 2ND FLOOR, BOISE ID 83702
Channing F. Chen officer: Chief Financial Officer 25 ARUNDEL RD, BURLINGAME CA 94010
G Robert Powell director P.O. BOX 1204, LAFAYETTE CA 94549
Matthew C Flemming director 18614 RESICA FALLS, HOUSTON TX 77094
Jason Loyet director 205 DEMONBREUN STREET, 1801, NASHVILLE TN 37201
Todd Robert Michaels director, officer: CEO and President 3212 S. EAGLE BROOK LANE, EAGLE ID 83616
Hunt Cory Gerald director 939 MAYDEL PALMER VISTA NORTH, LETHBRIDGE A0 T1H7B7
Newton W. Dorsett 10 percent owner 220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101
Tim Burroughs officer: President, CEO 2717 SUN MEADOW DR, FLOWER MOUND TX 75022
Daniel R Robinson director 190 COYOTE COURT, ARGYLE TX 76226
Donald R Lawhorne director 2435 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080
Kenneth Conte officer: Chief Financial Officer 12222 MERIT DRIVE, SUITE 1850, DALLAS TX 75251
Charles David York officer: Executive Vice President 5004 JOSHUA DRIVE, FLOWER MOUND TX 75028
Sherri Cecotti officer: Vice President 3030 LBJ FREEWAY, SUITE 1320, DALLAS TX 75234
Bernard O'donnell director 3505 WOODHAVEN DRIVE, DALLAS TX 75234

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