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Black Hills (Black Hills) Effective Interest Rate on Debt % : 4.13% (As of Dec. 2023)


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What is Black Hills 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. Black Hills's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $193 Mil. Black Hills's average total debt for the quarter that ended in Dec. 2023 was $4,663 Mil. Therefore, Black Hills's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.13%.


Black Hills Effective Interest Rate on Debt % Historical Data

The historical data trend for Black Hills'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.

* Premium members only.

Black Hills Effective Interest Rate on Debt % Chart

Black Hills Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.20 3.99 3.71 3.53 3.97

Black Hills 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 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 3.80 3.85 3.86 3.78 4.13

Competitive Comparison of Black Hills's Effective Interest Rate on Debt %

For the Utilities - Regulated Gas subindustry, Black Hills'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.


Black Hills's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Black Hills's Effective Interest Rate on Debt % distribution charts can be found below:

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



Black Hills Effective Interest Rate on Debt % Calculation

Black Hills'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  *  -180/( (4667.9+4401.2)/ 2 )
=-1  *  -180/4534.55
=3.97 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3607.3 + 1060.6
=4667.9

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3801.2 + 600
=4401.2

Black Hills'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  *  -192.764/( (4924.51+4401.2)/ 2 )
=-1  *  -192.764/4662.855
=4.13 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3799.51 + 1125
=4924.51

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3801.2 + 600
=4401.2

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Black Hills  (NYSE:BKH) Effective Interest Rate on Debt % Explanation

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


Black Hills Effective Interest Rate on Debt % Related Terms

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Black Hills (Black Hills) Business Description

Industry
Traded in Other Exchanges
Address
7001 Mount Rushmore Road, Rapid City, SD, USA, 57702
Black Hills Corp is a U.S.-based energy company that operates through its regulated Electric Utilities, regulated Gas Utilities, Power Generation and Mining segments. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from electric utilities.
Executives
Richard Kinzley officer: Sr VP & CFO PO BOX 1400, RAPID CITY SD 57709
Rebecca B Roberts director 1000 LOUISIANA, SUITE 5800, HOUSTON TX 77002
Stuart A Wevik officer: Sr VP - Utility Operations PO BOX 1400, RAPID CITY SD 57709
Kathleen S Mcallister director DEEPWATER HOUSE, KINGSWELLS CAUSEWAY, PRIME FOUR BUSINESS PARK, ABERDEEN, SCOTLAND X0 AB15 8PU
Barry M Granger director PO BOX 1400, RAPID CITY SD 57709
Robert P Otto director PO BOX 1400, RAPID CITY SD 57709
Mark A Schober director
Tony A Jensen director 620 E HEARTSTRONG STREET, SUPERIOR CO 80027
Scott M Prochazka director 1111 LOUISIANA, HOUSTON TX 77002
Teresa Taylor director FIRST INTERSTATE BANCSYSTEM, INC, PO BOX 30918, BILLINGS MT 59116-0918
Michael Madison director PO BOX 5000, PINEVILLE LA 71361-5000
John B Vering director PO BOX 1400, RAPID CITY SD 57709
Steven Richard Mills director C/O ARCHER DANIELS MIDLAND CO, 4666 FARIES PARKWAY, DECATUR IL 62526
Linden R Evans officer: President and CEO PO BOX 1400, RAPID CITY SD 57709
David R Emery director, officer: Executive Chairman P O BOX 1400, RAPID CITY SD 57709-1400