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Oceanic Wind Energy (TSXV:NKW.H) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Oceanic Wind Energy 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. Oceanic Wind Energy's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.00 Mil. Oceanic Wind Energy's average total debt for the quarter that ended in Mar. 2024 was C$0.03 Mil. Therefore, Oceanic Wind Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


Oceanic Wind Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Oceanic Wind Energy'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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Oceanic Wind Energy Effective Interest Rate on Debt % Chart

Oceanic Wind Energy Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.33 4.31 13.11 - -

Oceanic Wind Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Oceanic Wind Energy's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, Oceanic Wind Energy'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.


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

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

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



Oceanic Wind Energy Effective Interest Rate on Debt % Calculation

Oceanic Wind Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  0/( (0.039+0.04)/ 2 )
=-1  *  0/0.0395
=0.00 %

where

Oceanic Wind Energy'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/( (0.046+0.004)/ 2 )
=-1  *  0/0.025
=0.00 %

where

* 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.


Oceanic Wind Energy  (TSXV:NKW.H) Effective Interest Rate on Debt % Explanation

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


Oceanic Wind Energy Effective Interest Rate on Debt % Related Terms

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Oceanic Wind Energy (TSXV:NKW.H) Business Description

Traded in Other Exchanges
Address
355 Burrard Street, Suite 570, Vancouver, BC, CAN, V6C 2G8
Oceanic Wind Energy Inc is engaged in the development of renewable energy projects. The company is developing an offshore wind project on the north coast of British Columbia in Hecate Strait.

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