EDP Renovaveis (LTS:0ML1) Effective Interest Rate on Debt % : 18.96% (As of Dec. 2023)

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What is EDP Renovaveis 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. EDP Renovaveis's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €1,545 Mil. EDP Renovaveis's average total debt for the quarter that ended in Dec. 2023 was €8,146 Mil. Therefore, EDP Renovaveis's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 18.96%.

EDP Renovaveis Effective Interest Rate on Debt % Historical Data

The historical data trend for EDP Renovaveis'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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EDP Renovaveis Effective Interest Rate on Debt % Chart

EDP Renovaveis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.14

6.88

5.86

7.31

6.87

EDP Renovaveis 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															17.31	2.96	12.17	-6.87	18.96

Competitive Comparison of EDP Renovaveis's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, EDP Renovaveis'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.

EDP Renovaveis's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, EDP Renovaveis's Effective Interest Rate on Debt % distribution charts can be found below:

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

EDP Renovaveis Effective Interest Rate on Debt % Calculation

EDP Renovaveis'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 * -537.16	/	( (7300.078	+	8333.442)	/ 2 )
=	-1 * -537.16	/	7816.76
=	6.87 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5919.679	+	1380.399
=	7300.078

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7044.898	+	1288.544
=	8333.442

EDP Renovaveis'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 * -1544.64	/	( (7959	+	8333.442)	/ 2 )
=	-1 * -1544.64	/	8146.221
=	18.96 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7959	+	0
=	7959

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7044.898	+	1288.544
=	8333.442

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.

EDP Renovaveis (LTS:0ML1) Effective Interest Rate on Debt % Explanation

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

EDP Renovaveis Effective Interest Rate on Debt % Related Terms

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EDP Renovaveis (LTS:0ML1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EDP Renovaveis SA (LTS:0ML1) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

EDRVF:USA EDPR:Portugal EDPRu:UK EDW:Germany

Address

Calle Serrano Galvache, 56, Centro Empresarial Parque Norte, 7th Floor, Edificio Olmo, Madrid, ESP, 28033

Website

http://www.edpr.com

EDP Renovaveis, a 71%-owned subsidiary of integrated Portuguese utility EDP, was created in 2007. It builds, develops, and operates renewables plants, mostly wind and solar. With 14.7 GW of net installed capacity at the end of 2022, EDP Renovaveis is the fourth-largest renewables player in the world and the third-largest in the U.S. and Europe. The group's plants are mainly located in the U.S., Spain, Portugal, Poland, and Brazil.

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