Innergex Renewable Energy (TSX:INE) Effective Interest Rate on Debt % : 4.76% (As of Dec. 2023)

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What is Innergex Renewable 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. Innergex Renewable Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$302.2 Mil. Innergex Renewable Energy's average total debt for the quarter that ended in Dec. 2023 was C$6,344.4 Mil. Therefore, Innergex Renewable Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.76%.

Innergex Renewable Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Innergex Renewable 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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Innergex Renewable Energy Effective Interest Rate on Debt % Chart

Innergex Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.45

4.66

5.18

5.12

Innergex Renewable Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.81	5.14	5.76	5.32	4.76

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

For the Utilities - Renewable subindustry, Innergex Renewable 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.

Innergex Renewable 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, Innergex Renewable Energy's Effective Interest Rate on Debt % distribution charts can be found below:

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

Innergex Renewable Energy Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -322.105	/	( (6025.037	+	6562.142)	/ 2 )
=	-1 * -322.105	/	6293.5895
=	5.12 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5645.146	+	379.891
=	6025.037

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6307.114	+	255.028
=	6562.142

Innergex Renewable Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -302.184	/	( (6126.637	+	6562.142)	/ 2 )
=	-1 * -302.184	/	6344.3895
=	4.76 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5872.997	+	253.64
=	6126.637

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6307.114	+	255.028
=	6562.142

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

Innergex Renewable Energy (TSX:INE) Effective Interest Rate on Debt % Explanation

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

Innergex Renewable Energy Effective Interest Rate on Debt % Related Terms

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Innergex Renewable Energy (TSX:INE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Innergex Renewable Energy Inc (TSX:INE) » Definitions » Effective Interest Rate on Debt %

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INGXF:USA 3IX:Germany INE.PR.C.PFD:Canada INE.PR.A.PFD:Canada

Address

1225 Saint-Charles Street West, 10th Floor, Longueuil, QC, CAN, J4K 0B9

Website

https://www.innergex.com

Innergex Renewable Energy Inc is an independent Canadian renewable power producer. It develops, acquires, owns, and operates hydroelectric, wind, and solar facilities in Canada, the United States, France, and Chile. Most of the energy that the company generates comes from its hydroelectric facilities. Innergex Renewable Energy primarily generates revenue through the sale of electricity from its hydroelectric sites. The company's wind farms also generate substantial amounts of energy and revenue.

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