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CorEnergy Infrastructure Trust (CorEnergy Infrastructure Trust) Effective Interest Rate on Debt % : 8.35% (As of Dec. 2023)


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What is CorEnergy Infrastructure Trust 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. CorEnergy Infrastructure Trust's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $19.0 Mil. CorEnergy Infrastructure Trust's average total debt for the quarter that ended in Dec. 2023 was $228.0 Mil. Therefore, CorEnergy Infrastructure Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.35%.


CorEnergy Infrastructure Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for CorEnergy Infrastructure Trust'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.

CorEnergy Infrastructure Trust Effective Interest Rate on Debt % Chart

CorEnergy Infrastructure Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.71 7.57 6.29 8.03

CorEnergy Infrastructure Trust 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 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 7.16 7.95 7.92 7.96 8.35

Competitive Comparison of CorEnergy Infrastructure Trust's Effective Interest Rate on Debt %

For the REIT - Specialty subindustry, CorEnergy Infrastructure Trust'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.


CorEnergy Infrastructure Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CorEnergy Infrastructure Trust's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where CorEnergy Infrastructure Trust's Effective Interest Rate on Debt % falls into.



CorEnergy Infrastructure Trust Effective Interest Rate on Debt % Calculation

CorEnergy Infrastructure Trust'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  *  -18.087/( (221.354+229.298)/ 2 )
=-1  *  -18.087/225.326
=8.03 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=121.02 + 100.334
=221.354

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=123.462 + 105.836
=229.298

CorEnergy Infrastructure Trust'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  *  -19.028/( (226.733+229.298)/ 2 )
=-1  *  -19.028/228.0155
=8.35 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=123.017 + 103.716
=226.733

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=123.462 + 105.836
=229.298

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


CorEnergy Infrastructure Trust  (OTCPK:CORRQ) Effective Interest Rate on Debt % Explanation

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


CorEnergy Infrastructure Trust Effective Interest Rate on Debt % Related Terms

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CorEnergy Infrastructure Trust (CorEnergy Infrastructure Trust) Business Description

Traded in Other Exchanges
Address
1100 Walnut, Suite 3350, Kansas, MO, USA, 64106
CorEnergy Infrastructure Trust Inc is primarily focused on acquiring and financing midstream and downstream real estate assets within the U.S. energy infrastructure sector. The company also provides other types of capital, including loans secured by energy infrastructure assets. It owns assets, such as pipelines, storage terminals, and transmission and distribution assets. Its assets include Crimson Midstream Holding, MoGas Pipeline System, and Omega Pipeline. The majority of the revenue is generated from the lease received.
Executives
Christopher M. Huffman officer: Chief Accounting Officer 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64119
Robert L Waldron officer: President and CFO 1100 WALNUT, SUITE 3350, KANSAS MO 64106
John D Grier director, officer: Chief Operating Officer 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Richard C. Kreul officer: President - Mowood and MoGas 1100 WALNUT STREET, KANSAS CITY MO 64106
Arkan Haile director 1100 WALNUT STREET, KANSAS CITY MO 64106
Catherine A. Lewis director 325 NE NORTHGATE CROSSING, LEE'S SUMMIT MO 64064
Todd E. Banks director 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Ciccotello Conrad S director 5100 W. 115TH PLACE, LEAWOOD KS 66211
David J Schulte officer: President and CEO 233 WEST 47TH ST., KANSAS CITY MO 64112
Larry W Alexander officer: President of Crimson Midstream 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Jeffrey E. Fulmer officer: Executive Vice President 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Rebecca M Sandring officer: Treasurer 4200 W. 115TH STREET, LEAWOOD KS 66211
Kristin M Leitze officer: Chief Accounting Officer 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Nate Poundstone officer: Chief Accounting Officer 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Richard C Green director 4200 W 115TH STREET, SUITE 210, LEAWOOD KS 66211

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