Highwater Ethanol LLC (Highwater Ethanol LLC) Effective Interest Rate on Debt % : 25.57% (As of Jan. 2024)

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What is Highwater Ethanol LLC 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. Highwater Ethanol LLC's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.3 Mil. Highwater Ethanol LLC's average total debt for the quarter that ended in Jan. 2024 was $1.0 Mil. Therefore, Highwater Ethanol LLC's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 25.57%.

Highwater Ethanol LLC Effective Interest Rate on Debt % Historical Data

The historical data trend for Highwater Ethanol LLC'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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Highwater Ethanol LLC Effective Interest Rate on Debt % Chart

Highwater Ethanol LLC Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

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8.76

5.61

5.27

8.86

19.51

Highwater Ethanol LLC Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															20.47	18.00	19.12	20.42	25.57

Competitive Comparison of Highwater Ethanol LLC's Effective Interest Rate on Debt %

For the Oil & Gas Refining & Marketing subindustry, Highwater Ethanol LLC'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.

Highwater Ethanol LLC's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Highwater Ethanol LLC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Highwater Ethanol LLC's Effective Interest Rate on Debt % falls into.

Highwater Ethanol LLC Effective Interest Rate on Debt % Calculation

Highwater Ethanol LLC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -0.227	/	( (1.305	+	1.022)	/ 2 )
=	-1 * -0.227	/	1.1635
=	19.51 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.022	+	0.283
=	1.305

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.78	+	0.242
=	1.022

Highwater Ethanol LLC's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.252	/	( (1.022	+	0.949)	/ 2 )
=	-1 * -0.252	/	0.9855
=	25.57 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.78	+	0.242
=	1.022

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.746	+	0.203
=	0.949

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

Highwater Ethanol LLC (GREY:HEOL) Effective Interest Rate on Debt % Explanation

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

Highwater Ethanol LLC Effective Interest Rate on Debt % Related Terms

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Highwater Ethanol LLC (Highwater Ethanol LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Highwater Ethanol LLC (GREY:HEOL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

24500 US Highway 14, P.O. Box 96, Lamberton, MN, USA, 56152

Website

http://www.highwaterethanol.com

Highwater Ethanol LLC is engaged in the production of ethanol and distillers grains at the plant. It focuses on the manufacturing and marketing of fuel-grade ethanol and the co-products of the ethanol production process. Its products include fuel-grade ethanol, distillers grains, and corn oil. The company produces and sells fuel ethanol and co-products of the fuel ethanol production process in the continental United States.

Executives

Gerald R Forsythe	director	600 N BUFFALO GROVE RD, BUFFALO GROVE IL 60089
Mark Warren Pankonin	director	23620 COUNTY ROAD 4 LAMBERTON MN 56152
David Richard Eis	officer: Governor	26116 GARDEN AVE WABASSO MN 56293
Lucas Grant Schneider	officer: Chief Financial Officer	2858 LINDEN AVENUE SLAYTON MN 56172
Luke T Spalj	other: Govenor	1360 POST OAK BLVD, STE 2100, HOUSTON TX 77056
Scott A Brittenham	director	4400 E. BROADWAY SUITE 600 TUSCON AZ 85711
Rex Roehl	director	600 NORTH BUFFALO GROVE ROAD, SUITE 300 BUFFALO GROVE IL 60089
Mark W Peterson	officer: CFO	712 W VICTORY LANE SIOUX FALLS SD 57108
Jason Ray Fink	director	3903 COVEY TR MINNETRISTA MN 55375
George Michael Goblish	director	32866 DAYTON AVENUE VESTA MN 56292
Ronald Eric Jorgenson	director	33689 CO ROAD 4 JEFFERS MN 56145
Brian D Kletscher	director, officer: CEO	26161 140TH ST LAMBERTON MN 56152
Michael John Landuyt	director	13526 CAMP AVENUE WALNUT GROVE MN 56180
Todd Allen Reif	director	123 SAVANNAH HEIGHTS BLVD LYND MN 56175
Monica Rose Anderson	director	2736 211TH STREET WALNUT GROVE MN 56180

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