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Mississippi Power Co (Mississippi Power Co) Effective Interest Rate on Debt % : 1.81% (As of Jun. 2018)


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What is Mississippi 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. Mississippi Power Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2018 was $84.00 Mil. Mississippi Power Co's average total debt for the quarter that ended in Jun. 2018 was $4,649.50 Mil. Therefore, Mississippi Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 was 1.81%.


Mississippi Power Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Mississippi 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.

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Mississippi Power Co Effective Interest Rate on Debt % Chart

Mississippi Power Co Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.79 1.85 0.28 3.06 2.37

Mississippi Power Co Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 4.62 4.41 6.69 7.20 1.81

Competitive Comparison of Mississippi Power Co's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, Mississippi 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.


Mississippi Power Co's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

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

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



Mississippi Power Co Effective Interest Rate on Debt % Calculation

Mississippi Power Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2016 )+Total Debt  (A: Dec. 2017 ))/ count )
=-1  *  -42/( (2447+1101)/ 2 )
=-1  *  -42/1774
=2.37 %

where

Mississippi Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2018 )+Total Debt  (Q: Jun. 2018 ))/ count )
=-1  *  -84/( (7677+1622)/ 2 )
=-1  *  -84/4649.5
=1.81 %

where

* 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 (Jun. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Mississippi Power Co  (NYSE:MPpD.CL.PFD) Effective Interest Rate on Debt % Explanation

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


Mississippi Power Co Effective Interest Rate on Debt % Related Terms

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Mississippi Power Co (Mississippi Power Co) Business Description

Traded in Other Exchanges
N/A
Address
Mississippi Power Co operates as a vertically integrated utility providing electricity to retail customers within its traditional service territory located within the State of Mississippi and to wholesale customers in the Southeast.
Executives
Anthony L Wilson officer: Executive Vice President 30 IVAN ALLEN JR. BLVD, ATLANTA GA 30308
G Edison Holland officer: President & CEO 270 PEACHTREE ST NW BIN 910, ATLANTA GA 30303
Iv Edward Day, officer: President and CEO 30 IVAN ALLEN JR. BLVD, ATLANTA GA 30308
Royce Cumbest director 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Carl J Chaney director 146 LAKE TRIAL, FLORA MS 39071
Christine L Smilek director P O BOX 4019, GULFPORT MS 39502
Hood Warren A Jr director 623 MAIN STREET, HATTIESBURG MS 39401
Anthony J Topazi director, officer: President and CEO P O BOX 4079, GULFPORT MS 395024079

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