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Energy Vault Holdings (Energy Vault Holdings) Effective Interest Rate on Debt % : 1.89% (As of Mar. 2024)


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What is Energy Vault Holdings 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. Energy Vault Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.0 Mil. Energy Vault Holdings's average total debt for the quarter that ended in Mar. 2024 was $1.7 Mil. Therefore, Energy Vault Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.89%.


Energy Vault Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Energy Vault Holdings'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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Energy Vault Holdings Effective Interest Rate on Debt % Chart

Energy Vault Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
73.16 6.76 0.40 0.14 2.05

Energy Vault Holdings Quarterly Data
Dec19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 - 6.73 4.95 1.89

Competitive Comparison of Energy Vault Holdings's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, Energy Vault Holdings'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.


Energy Vault Holdings's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Energy Vault Holdings's Effective Interest Rate on Debt % falls into.



Energy Vault Holdings Effective Interest Rate on Debt % Calculation

Energy Vault Holdings'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  *  -0.035/( (1.55+1.861)/ 2 )
=-1  *  -0.035/1.7055
=2.05 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.725 + 0.825
=1.55

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.137 + 0.724
=1.861

Energy Vault Holdings'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  *  -0.032/( (1.861+1.524)/ 2 )
=-1  *  -0.032/1.6925
=1.89 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.137 + 0.724
=1.861

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.097 + 0.427
=1.524

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


Energy Vault Holdings  (NYSE:NRGV) Effective Interest Rate on Debt % Explanation

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


Energy Vault Holdings Effective Interest Rate on Debt % Related Terms

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Energy Vault Holdings (Energy Vault Holdings) Business Description

Traded in Other Exchanges
Address
4360 Park Terrace Drive, Suite 100, Westlake Village, CA, USA, 91361
Energy Vault Holdings Inc is a grid-scale energy storage company that is driving a faster transition to renewable power by solving the intermittence issues that are inherent to the most prevalent sources of renewable energy, solar and wind. Geographical presence in United States, China and Other. Majority of its revenue comes from U.S.
Executives
Akshay Ladwa officer: Chief Engineering Officer C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Marco Terruzzin officer: Chief Product Officer 4360 PARK TERRACE, SUITE 100, WESTLAKE VILLAGE CA 91361
Van Gaalen Jan Kees officer: Chief Financial Officer 10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Christopher Wiese officer: Chief Operating Officer 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Goncagul Icoren officer: Chief People Officer 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Josh Mcmorrow officer: Chief Legal Officer 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Laurence Alexander officer: Chief Marketing Officer C/O ROK ENTERTAINMENT GROUP ROK HOUSE, HOLYHEAD ROAD, ALBRIGHTON, WOLVERHAMPTON X0 WV7 3AU
Robert Piconi director, officer: Chief Executive Officer C/O HEALTHCARE AI ACQUISITION, 7 STANLEY GARDENS, LONDON X0 W112ND
Andrea Pedretti officer: Chief Technology Officer 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Theresa M Fariello director C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
William Gross director C/O BILL GROSS' IDEALAB, 130 W UNION STREET, PASADENA CA 91103
David W Hitchcock officer: Interim CFO 67 WHIPPANY ROAD, WHIPPANY NJ 07981
Thomas R Ertel director C/O BLACKBAUD, INC., 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492
Idealab Studio, Llc 10 percent owner 130 W. UNION STREET, PASADENA CA 91103
John G Jung officer: President of EVS 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361

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