ACWA Power Co (SAU:2082) Effective Interest Rate on Debt % : 5.53% (As of Mar. 2024)

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What is ACWA Power Co 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. ACWA Power Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ﷼1,427 Mil. ACWA Power Co's average total debt for the quarter that ended in Mar. 2024 was ﷼25,822 Mil. Therefore, ACWA Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.53%.

ACWA Power Co Effective Interest Rate on Debt % Historical Data

The historical data trend for ACWA Power Co'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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ACWA Power Co Effective Interest Rate on Debt % Chart

ACWA Power Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

5.47

4.68

4.95

5.91

ACWA Power Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									5.35	5.25	6.14	6.09	5.53

Competitive Comparison of ACWA Power Co's Effective Interest Rate on Debt %

For the Utilities - Diversified subindustry, ACWA Power Co'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.

ACWA Power Co's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, ACWA Power Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ACWA Power Co's Effective Interest Rate on Debt % falls into.

ACWA Power Co Effective Interest Rate on Debt % Calculation

ACWA Power Co'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 * -1455.693	/	( (23717.947	+	25557.032)	/ 2 )
=	-1 * -1455.693	/	24637.4895
=	5.91 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22395.831	+	1322.116
=	23717.947

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23617.116	+	1939.916
=	25557.032

ACWA Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -1427.448	/	( (25557.032	+	26087.164)	/ 2 )
=	-1 * -1427.448	/	25822.098
=	5.53 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23617.116	+	1939.916
=	25557.032

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24191.423	+	1895.741
=	26087.164

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

ACWA Power Co (SAU:2082) Effective Interest Rate on Debt % Explanation

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

ACWA Power Co Effective Interest Rate on Debt % Related Terms

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ACWA Power Co (SAU:2082) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ACWA Power Co (SAU:2082) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern Ring Road, Exit 8, P.O. Box 22616, Qurtubah District, Riyadh, SAU, 11416

Website

https://www.acwapower.com

ACWA Power Co is engaged in the development, investment, operation, and maintenance of power generation, water desalination and green hydrogen production plants and bulk sale of electricity. The company's segments include Thermal and Water Desalination; Renewables and others. It generates maximum revenue from the Thermal and Water Desalination segment.

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