Equatorial Energia (BSP:EQTL3) Effective Interest Rate on Debt % : 8.23% (As of Mar. 2024)

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What is Equatorial Energia 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. Equatorial Energia's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was R$3,741 Mil. Equatorial Energia's average total debt for the quarter that ended in Mar. 2024 was R$45,434 Mil. Therefore, Equatorial Energia's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.23%.

Equatorial Energia Effective Interest Rate on Debt % Historical Data

The historical data trend for Equatorial Energia'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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Equatorial Energia Effective Interest Rate on Debt % Chart

Equatorial Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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16.84

8.95

5.03

8.26

9.65

Equatorial Energia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															10.92	9.99	9.43	8.70	8.23

Competitive Comparison of Equatorial Energia's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, Equatorial Energia'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.

Equatorial Energia's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Equatorial Energia's Effective Interest Rate on Debt % falls into.

Equatorial Energia Effective Interest Rate on Debt % Calculation

Equatorial Energia'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 * -4238.774	/	( (41303.4	+	46556.454)	/ 2 )
=	-1 * -4238.774	/	43929.927
=	9.65 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30464.669	+	10838.731
=	41303.4

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41278.946	+	5277.508
=	46556.454

Equatorial Energia'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 * -3740.88	/	( (46556.454	+	44310.794)	/ 2 )
=	-1 * -3740.88	/	45433.624
=	8.23 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41278.946	+	5277.508
=	46556.454

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38645.802	+	5664.992
=	44310.794

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.

Equatorial Energia (BSP:EQTL3) Effective Interest Rate on Debt % Explanation

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

Equatorial Energia Effective Interest Rate on Debt % Related Terms

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Equatorial Energia (BSP:EQTL3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Equatorial Energia SA (BSP:EQTL3) » Definitions » Effective Interest Rate on Debt %

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EQUEY:USA

Address

Alameda A - Quadra SQS, No. 100, Altos do Calhau, Sao Luiz, MA, BRA, 65071680

Website

https://www.equatorialenergia.com.br

Equatorial Energia SA is primarily a holding company engaged in the ownership of other firms in the electric energy generation and distribution industries in Brazil. Collectively, Equatorial Energia's main subsidiaries are involved in electric energy distribution, telecommunications, data transmission, electric energy generation, and the operation and implementation of thermoelectric power plants in the country. The company's operating segments are Distribution, Transmission, Services, Trading, Central Administration, and Others. Revenue from the provision of construction services is significant for Equatorial Energia SA.

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