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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. Orbital Infrastructure Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $44.7 Mil. Orbital Infrastructure Group's average total debt for the quarter that ended in Mar. 2023 was $281.3 Mil. Therefore, Orbital Infrastructure Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 15.88%.
The historical data trend for Orbital Infrastructure Group'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.
Orbital Infrastructure Group Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 4.32 | 1.63 | 8.87 | 5.79 | 13.90 |
Orbital Infrastructure Group Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 12.24 | 15.13 | 14.64 | 14.86 | 15.88 |
For the Engineering & Construction subindustry, Orbital Infrastructure Group'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.
For the Construction industry and Industrials sector, Orbital Infrastructure Group's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Orbital Infrastructure Group's Effective Interest Rate on Debt % falls into.
Orbital Infrastructure Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Dec. 2021 ) | + | Total Debt (A: Dec. 2022 )) | / count ) |
= | -1 * -37.813 | / | ( (264.986 | + | 279.115) | / 2 ) |
= | -1 * -37.813 | / | 272.0505 | |||
= | 13.90 % |
where
Total Debt (A: Dec. 2021 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 180.099 | + | 84.887 |
= | 264.986 |
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 120.551 | + | 158.564 |
= | 279.115 |
Orbital Infrastructure Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Dec. 2022 ) | + | Total Debt (Q: Mar. 2023 )) | / count ) |
= | -1 * -44.656 | / | ( (279.115 | + | 283.407) | / 2 ) |
= | -1 * -44.656 | / | 281.261 | |||
= | 15.88 % |
where
Total Debt (Q: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 120.551 | + | 158.564 |
= | 279.115 |
Total Debt (Q: Mar. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 18.914 | + | 264.493 |
= | 283.407 |
* 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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Orbital Infrastructure Group (OTCPK:OIGBQ) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Orbital Infrastructure Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Steve Cochennet | director | 4500 GREENWICH PLACE, AMARILLO TX 79119 |
James F Oneil | director | C/O FIRSTENERGY CORP., 76 SOUTH MAIN STREET, AKRON OH 44308 |
Nicholas M Grindstaff | officer: Chief Financial Officer | QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175 |
La Doris Harris | officer: CDO and CEO OSS | ORBITAL ENERGY GROUP, INC., 1924 ALDINE WESTERN, HOUSTON TX 77038-1204 |
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