WEGYF (Westbridge Renewable Energy) Effective Interest Rate on Debt % : 2.81% (As of Aug. 2024)

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What is Westbridge 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. Westbridge Renewable Energy's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was $0.62 Mil. Westbridge Renewable Energy's average total debt for the quarter that ended in Aug. 2024 was $22.08 Mil. Therefore, Westbridge Renewable Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 2.81%.

Westbridge Renewable Energy Effective Interest Rate on Debt % Historical Data

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

Westbridge Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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240.00

2.93

6.36

Westbridge Renewable Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.04	6.73	1.26	4.41	2.81

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

For the Utilities - Renewable subindustry, Westbridge 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.

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

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

Westbridge Renewable Energy Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -0.874	/	( (0.336	+	27.148)	/ 2 )
=	-1 * -0.874	/	13.742
=	6.36 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.277	+	0.059
=	0.336

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.936	+	26.212
=	27.148

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2024 )	+	Total Debt (Q: Aug. 2024 ))	/ count )
=	-1 * -0.62	/	( (21.795	+	22.361)	/ 2 )
=	-1 * -0.62	/	22.078
=	2.81 %

where

	Total Debt (Q: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.284	+	20.511
=	21.795

	Total Debt (Q: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.263	+	21.098
=	22.361

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

Westbridge Renewable Energy (OTCPK:WEGYF) Effective Interest Rate on Debt % Explanation

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

Westbridge Renewable Energy Effective Interest Rate on Debt % Related Terms

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Westbridge Renewable Energy Business Description

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WEB:Canada

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.westbridge.energy

Westbridge Renewable Energy Corp is Focused on the acquisition and development of solar photovoltaic projects. It develops best-in-class, utility-scale solar PV projects. It is turning green fields and the power of the sun into a reliable, sustainable flow of energy. The Company has a portfolio of projects in three key jurisdictions, Canada, the U.S., and the UK.