Clean Power Hydrogen (LSE:CPH2) Effective Interest Rate on Debt % : 5.60% (As of Jun. 2024)

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What is Clean Power Hydrogen 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. Clean Power Hydrogen's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was £0.04 Mil. Clean Power Hydrogen's average total debt for the quarter that ended in Jun. 2024 was £0.79 Mil. Therefore, Clean Power Hydrogen's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 5.60%.

Clean Power Hydrogen Effective Interest Rate on Debt % Historical Data

The historical data trend for Clean Power Hydrogen'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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Clean Power Hydrogen Effective Interest Rate on Debt % Chart

Clean Power Hydrogen Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.20

0.85

4.02

4.94

6.14

Clean Power Hydrogen Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						4.91	6.09	5.80	6.52	5.60

Competitive Comparison of Clean Power Hydrogen's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Clean Power Hydrogen'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.

Clean Power Hydrogen's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Clean Power Hydrogen's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Clean Power Hydrogen's Effective Interest Rate on Debt % falls into.

Clean Power Hydrogen Effective Interest Rate on Debt % Calculation

Clean Power Hydrogen'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 * -0.049	/	( (0.858	+	0.737)	/ 2 )
=	-1 * -0.049	/	0.7975
=	6.14 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.737	+	0.121
=	0.858

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.609	+	0.128
=	0.737

Clean Power Hydrogen's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.044	/	( (0.737	+	0.834)	/ 2 )
=	-1 * -0.044	/	0.7855
=	5.60 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.609	+	0.128
=	0.737

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.672	+	0.162
=	0.834

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 two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Clean Power Hydrogen (LSE:CPH2) Effective Interest Rate on Debt % Explanation

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

Clean Power Hydrogen Effective Interest Rate on Debt % Related Terms

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Clean Power Hydrogen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Clean Power Hydrogen PLC (LSE:CPH2) » Definitions » Effective Interest Rate on Debt %

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Address

Spinners Road, Unit D, Parkside Business Park, Doncaster, GBR, DN2 4BL

Website

https://www.cph2.com

Clean Power Hydrogen PLC is a company whose principal activity is the development of a patented method of hydrogen and oxygen production together with the development of a gas separation technique that enables hydrogen to be produced as Green Hydrogen and oxygen to medical grade purity. The company has only one operating segment for the development and sale of equipment for the electrolytic production of clean hydrogen and oxygen.

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