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Entergy Texas (Entergy Texas) Effective Interest Rate on Debt % : 3.52% (As of Mar. 2024)


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What is Entergy Texas 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. Entergy Texas's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $113.46 Mil. Entergy Texas's average total debt for the quarter that ended in Mar. 2024 was $3,225.27 Mil. Therefore, Entergy Texas's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.52%.


Entergy Texas Effective Interest Rate on Debt % Historical Data

The historical data trend for Entergy Texas'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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Entergy Texas Effective Interest Rate on Debt % Chart

Entergy Texas 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 1.93 3.35 3.46 3.46 3.41

Entergy Texas 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 3.46 3.36 3.50 3.50 3.52

Competitive Comparison of Entergy Texas's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, Entergy Texas'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.


Entergy Texas's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

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

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



Entergy Texas Effective Interest Rate on Debt % Calculation

Entergy Texas'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  *  -104.433/( (2895.913+3225.092)/ 2 )
=-1  *  -104.433/3060.5025
=3.41 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2895.913 + 0
=2895.913

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3225.092 + 0
=3225.092

Entergy Texas'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  *  -113.456/( (3225.092+3225.444)/ 2 )
=-1  *  -113.456/3225.268
=3.52 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3225.092 + 0
=3225.092

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3225.444 + 0
=3225.444

* 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.


Entergy Texas  (NYSE:ETIp.PFD) Effective Interest Rate on Debt % Explanation

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


Entergy Texas Effective Interest Rate on Debt % Related Terms

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Entergy Texas (Entergy Texas) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
2107 Research Forest Drive, The Woodlands, TX, USA, 77380
Entergy Texas Inc. is an integrated energy company engaged primarily in electric power production and retail electric distribution operations.
Executives
Reginald T Jackson officer: SVP, Chief Accounting Officer C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Norgeot Peter S Jr director C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVENUE, 26TH FLOOR, NEW ORLEANS LA 70113
Eliecer Viamontes director, officer: Chairman and CEO C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Andrew S Marsh director, officer: EVP & Chief Financial Officer C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Roderick K West director, officer: Group President, Utility Ops 1600 PERDIDO STREET, BLDG 505, NEW ORLEANS LA 70112
Marcus V Brown officer: EVP & General Counsel C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FL., NEW ORLEANS LA 70113
Paul D Hinnenkamp director C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Kimberly A. Fontan officer: SVP, Chief Accounting Officer C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Leo P Denault officer: Officer under Section 16 Rules
Sallie T Rainer director, officer: Chair and CEO C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113

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