GEV (GE Vernova) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2024)

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What is GE Vernova 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. GE Vernova's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0 Mil. GE Vernova's average total debt for the quarter that ended in Sep. 2024 was $0 Mil. Therefore, GE Vernova's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was N/A%.

GE Vernova Effective Interest Rate on Debt % Historical Data

The historical data trend for GE Vernova'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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GE Vernova Effective Interest Rate on Debt % Chart

GE Vernova Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

13.20

6.21

GE Vernova Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of GE Vernova's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, GE Vernova'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.

GE Vernova's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, GE Vernova's Effective Interest Rate on Debt % distribution charts can be found below:

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

GE Vernova Effective Interest Rate on Debt % Calculation

GE Vernova'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 * -71	/	( (1144	+	0)	/ 1 )
=	-1 * -71	/	1144
=	6.21 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	848	+	296
=	1144

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

GE Vernova'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 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

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.

GE Vernova (NYSE:GEV) Effective Interest Rate on Debt % Explanation

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

GE Vernova Effective Interest Rate on Debt % Related Terms

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GE Vernova Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GEV:Mexico Y5C:Germany G2EV34:Brazil

Address

58 Charles Street, Cambridge, MA, USA

Website

https://www.gevernova.com

GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.