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Southwest Iowa Renewable Energy LLC (Southwest Iowa Renewable Energy LLC) Effective Interest Rate on Debt % : 6.85% (As of Mar. 2023)


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What is Southwest Iowa Renewable Energy LLC 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. Southwest Iowa Renewable Energy LLC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $2.43 Mil. Southwest Iowa Renewable Energy LLC's average total debt for the quarter that ended in Mar. 2023 was $35.49 Mil. Therefore, Southwest Iowa Renewable Energy LLC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 6.85%.


Southwest Iowa Renewable Energy LLC Effective Interest Rate on Debt % Historical Data

The historical data trend for Southwest Iowa Renewable Energy LLC'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.

Southwest Iowa Renewable Energy LLC Effective Interest Rate on Debt % Chart

Southwest Iowa Renewable Energy LLC Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 8.07 4.14 2.22 3.14 3.58

Southwest Iowa Renewable Energy LLC Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 3.60 3.48 4.04 6.86 6.85

Competitive Comparison of Southwest Iowa Renewable Energy LLC's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Southwest Iowa Renewable Energy LLC'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.


Southwest Iowa Renewable Energy LLC's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Southwest Iowa Renewable Energy LLC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Southwest Iowa Renewable Energy LLC's Effective Interest Rate on Debt % falls into.



Southwest Iowa Renewable Energy LLC Effective Interest Rate on Debt % Calculation

Southwest Iowa Renewable Energy LLC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2021 )+Total Debt  (A: Sep. 2022 ))/ count )
=-1  *  -1.518/( (65.633+19.218)/ 2 )
=-1  *  -1.518/42.4255
=3.58 %

where

Total Debt  (A: Sep. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52.692 + 12.941
=65.633

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.632 + 9.586
=19.218

Southwest Iowa Renewable Energy LLC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Mar. 2023 ))/ count )
=-1  *  -2.432/( (18.67+52.307)/ 2 )
=-1  *  -2.432/35.4885
=6.85 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.498 + 9.172
=18.67

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=36.718 + 15.589
=52.307

* 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 (Mar. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Southwest Iowa Renewable Energy LLC  (GREY:SWIOU) Effective Interest Rate on Debt % Explanation

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


Southwest Iowa Renewable Energy LLC Effective Interest Rate on Debt % Related Terms

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Southwest Iowa Renewable Energy LLC (Southwest Iowa Renewable Energy LLC) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
10868 189th Street, Council Bluffs, IA, USA, 51503
Southwest Iowa Renewable Energy LLC is into manufacturing and selling ethanol, distillers grains, corn oil, and carbon dioxide in the continental United States. It also sells dried distillers grains with solubles in the continental United States, Mexico, and the Pacific Rim. Its products are marketed and distributed through professional third-party marketers.

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