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Spire (SR) Effective Interest Rate on Debt % : 4.33% (As of Jun. 2024)


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What is Spire 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. Spire's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $195 Mil. Spire's average total debt for the quarter that ended in Jun. 2024 was $4,507 Mil. Therefore, Spire's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.33%.


Spire Effective Interest Rate on Debt % Historical Data

The historical data trend for Spire'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.

Spire Effective Interest Rate on Debt % Chart

Spire Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.80 3.52 3.14 3.02 4.15

Spire Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 4.13 4.20 4.30 4.51 4.33

Competitive Comparison of Spire's Effective Interest Rate on Debt %

For the Utilities - Regulated Gas subindustry, Spire'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.


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

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

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



Spire Effective Interest Rate on Debt % Calculation

Spire's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -185.7/( (4277.2+4666.1)/ 2 )
=-1  *  -185.7/4471.65
=4.15 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2958.5 + 1318.7
=4277.2

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3554 + 1112.1
=4666.1

Spire'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: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -195.2/( (4514.4+4500.3)/ 2 )
=-1  *  -195.2/4507.35
=4.33 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3421.4 + 1093
=4514.4

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3422.3 + 1078
=4500.3

* 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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Spire  (NYSE:SR) Effective Interest Rate on Debt % Explanation

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


Spire Effective Interest Rate on Debt % Related Terms

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Spire Business Description

Industry
Traded in Other Exchanges
Address
700 Market Street, Saint Louis, MO, USA, 63101
Spire Inc is a public utility holding company with three reportable business segments: Gas Utility , Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis and the Midstream segment includes transportation and storage of natural gas.
Executives
Paul D Koonce director P O BOX 26532, RICHMOND VA 23261
Maria V. Fogarty director 700 MARKET STREET, ST. LOUIS MO 63101
Adam W. Woodard officer: Treasurer 700 MARKET STREET, ST. LOUIS MO 63101
Joseph B. Hampton officer: President, AL & MS 700 MARKET STREET, ST. LOUIS MO 63101
Steven P Rasche officer: Executive Vice President 700 MARKET STREET, ST. LOUIS MO 63101
Stephen M Mills officer: Senior Vice President 700 MARKET STREET, ST. LOUIS MO 63101
Vincent J Ferrari director 12555 MANCHESTER ROAD, DES PERES MO 63131
Brenda D Newberry director 700 MARKET STREET, ST. LOUIS MO 63101
Carrie J Hightman director C/O NISOURCE INC., 801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Stupp John P Jr director STUPP JOHN P JR, #18 ST. ANDREWS DR., ST LOUIS MO 63124
Scott B. Carter officer: SVP, COO of Distribution Ops 700 MARKET STREET, ST. LOUIS MO 63101
Stephen S Schwartz director 46897 BAYSIDE PARKWAY, FREMONT CA 94538
Rob L. Jones director 555 EAST AIRTEX DRIVE, HOUSTON TX 77073
Mark A Borer director
Edward L Glotzbach director C/O VISUAL NETWORKS INC, 2092 GAITHER ROAD, ROCKVILLE MD 20850