RNW (ReNew Energy Global) Effective Interest Rate on Debt % : 7.10% (As of Dec. 2024)

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What is ReNew Energy Global 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. ReNew Energy Global's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $606 Mil. ReNew Energy Global's average total debt for the quarter that ended in Dec. 2024 was $8,535 Mil. Therefore, ReNew Energy Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 7.10%.

ReNew Energy Global Effective Interest Rate on Debt % Historical Data

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

ReNew Energy Global Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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10.01

10.54

8.94

8.63

7.19

ReNew Energy Global Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.52	4.40	7.30	7.25	7.10

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

For the Utilities - Renewable subindustry, ReNew Energy Global'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.

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

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

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

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ReNew Energy Global Effective Interest Rate on Debt % Calculation

ReNew Energy Global's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -518.276	/	( (6522.412	+	7897.494)	/ 2 )
=	-1 * -518.276	/	7209.953
=	7.19 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5746.738	+	775.674
=	6522.412

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6905.906	+	991.588
=	7897.494

ReNew Energy Global'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: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -606.2	/	( (8448.819	+	8621.915)	/ 2 )
=	-1 * -606.2	/	8535.367
=	7.10 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7070.938	+	1377.881
=	8448.819

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7123.679	+	1498.236
=	8621.915

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

ReNew Energy Global (NAS:RNW) Effective Interest Rate on Debt % Explanation

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

ReNew Energy Global Effective Interest Rate on Debt % Related Terms

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ReNew Energy Global Business Description

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7JU:Germany

Address

C/o Vistra (UK) Ltd., Suite 3, 7th Floor, No. 50, Broadway, London, GBR, SW1H 0DB

Website

https://www.renew.com

ReNew Energy Global PLC is a developer and operator of clean energy projects intended to meet India's growing energy needs in an efficient, sustainable and socially responsible manner. The company provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change. The company has four reportable segments: wind power and solar power, hydro power and transmission line. It derives maximum revenue from Wind Power segment.