GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » The Connecticut Light & Power Co (OTCPK:CNPWP.PFD) » Definitions » Effective Interest Rate on Debt %

The Connecticut Light & Power Co (The Connecticut Light & Power Co) Effective Interest Rate on Debt % : 4.30% (As of Dec. 2019)


View and export this data going back to . Start your Free Trial

What is The Connecticut Light & Power 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. The Connecticut Light & Power Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2019 was $156.33 Mil. The Connecticut Light & Power Co's average total debt for the quarter that ended in Dec. 2019 was $3,636.75 Mil. Therefore, The Connecticut Light & Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2019 was 4.30%.


The Connecticut Light & Power Co Effective Interest Rate on Debt % Historical Data

The historical data trend for The Connecticut Light & Power 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.

* Premium members only.

The Connecticut Light & Power Co Effective Interest Rate on Debt % Chart

The Connecticut Light & Power Co Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.86 4.90 4.79 4.75 4.43

The Connecticut Light & Power Co Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 4.71 4.39 4.33 4.35 4.30

Competitive Comparison of The Connecticut Light & Power Co's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, The Connecticut Light & Power 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.


The Connecticut Light & Power Co's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, The Connecticut Light & Power Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where The Connecticut Light & Power Co's Effective Interest Rate on Debt % falls into.



The Connecticut Light & Power Co Effective Interest Rate on Debt % Calculation

The Connecticut Light & Power Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2018 )+Total Debt  (A: Dec. 2019 ))/ count )
=-1  *  -151.357/( (3254.016+3581.936)/ 2 )
=-1  *  -151.357/3417.976
=4.43 %

where

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3004.016 + 250
=3254.016

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3518.136 + 63.8
=3581.936

The Connecticut Light & Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2019 )+Total Debt  (Q: Dec. 2019 ))/ count )
=-1  *  -156.332/( (3691.564+3581.936)/ 2 )
=-1  *  -156.332/3636.75
=4.30 %

where

Total Debt  (Q: Sep. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3518.464 + 173.1
=3691.564

Total Debt  (Q: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3518.136 + 63.8
=3581.936

* 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. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


The Connecticut Light & Power Co  (OTCPK:CNPWP.PFD) Effective Interest Rate on Debt % Explanation

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


The Connecticut Light & Power Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of The Connecticut Light & Power Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


The Connecticut Light & Power Co (The Connecticut Light & Power Co) Business Description

Traded in Other Exchanges
N/A
Address
107 Selden Street, Berlin, CT, USA, 06037-1616
The Connecticut Light & Power Co is a regulated electric utility that serves residential, commercial and industrial customers in parts of Connecticut. Its business consists of purchase, delivery, and sale of electricity to customers.

The Connecticut Light & Power Co (The Connecticut Light & Power Co) Headlines

No Headlines