Meridian Energy (NZSE:MEL) Effective Interest Rate on Debt % : 6.01% (As of Dec. 2024)

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What is Meridian Energy 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. Meridian Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was NZ$92 Mil. Meridian Energy's average total debt for the quarter that ended in Dec. 2024 was NZ$1,532 Mil. Therefore, Meridian Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 6.01%.

Meridian Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Meridian Energy'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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Meridian Energy Effective Interest Rate on Debt % Chart

Meridian Energy Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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4.80

4.43

4.77

4.30

5.08

Meridian Energy Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.82	4.20	6.11	3.72	6.01

Competitive Comparison of Meridian Energy's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, Meridian Energy'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.

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

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

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

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Meridian Energy Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -53	/	( (1204	+	1263)	/ 2 )
=	-1 * -53	/	1233.5
=	4.30 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1041	+	163
=	1204

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1046	+	217
=	1263

Meridian Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -92	/	( (1377	+	1687)	/ 2 )
=	-1 * -92	/	1532
=	6.01 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1140	+	237
=	1377

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1194	+	493
=	1687

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

Meridian Energy (NZSE:MEL) Effective Interest Rate on Debt % Explanation

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

Meridian Energy Effective Interest Rate on Debt % Related Terms

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Meridian Energy Business Description

Industry

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Traded in Other Exchanges

MDDNF:USA 15M1:Germany MEZ:Australia

Address

98 Customhouse Quay, Level 2, Wellington, STL, NZL, 6011

Website

https://www.meridianenergy.co.nz

Meridian Energy is one of New Zealand's leading utilities. It is the largest electricity producer in the nation, with a third of the market, and the fourth-largest energy retailer, with about 15% of the market by customer numbers. It generates 100% renewable electricity, mainly from large hydroelectric schemes in the South Island. It also owns a geographically diversified portfolio of wind farms.

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