Boralex (Boralex) Effective Interest Rate on Debt % : 3.01% (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Boralex 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. Boralex's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $80.5 Mil. Boralex's average total debt for the quarter that ended in Dec. 2023 was $2,673.5 Mil. Therefore, Boralex's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.01%.

Boralex Effective Interest Rate on Debt % Historical Data

The historical data trend for Boralex'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.

Boralex Effective Interest Rate on Debt % Chart

Boralex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

3.66

3.08

3.20

3.02

3.43

Boralex 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															2.02	3.28	3.78	3.52	3.01

Competitive Comparison of Boralex's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, Boralex'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.

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

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

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

Boralex Effective Interest Rate on Debt % Calculation

Boralex'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 * -91.682	/	( (2655.134	+	2697.525)	/ 2 )
=	-1 * -91.682	/	2676.3295
=	3.43 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2335.664	+	319.47
=	2655.134

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2476.148	+	221.377
=	2697.525

Boralex'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 * -80.5	/	( (2649.471	+	2697.525)	/ 2 )
=	-1 * -80.5	/	2673.498
=	3.01 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2460.276	+	189.195
=	2649.471

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2476.148	+	221.377
=	2697.525

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.

Boralex (OTCPK:BRLXF) Effective Interest Rate on Debt % Explanation

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

Boralex Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Boralex's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Boralex (Boralex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Boralex Inc (OTCPK:BRLXF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

B3H:Germany B3H:Germany BLX:Canada

Address

36, Rue Lajeunesse, Juridique, Kingsey Falls, QC, CAN, J0A 1B0

Website

https://www.boralex.com

Boralex is a power producer whose core business is dedicated to the development and operation of renewable energy power stations in Canada, France, the United States and the United Kingdom. Boralex owns power generation assets across four technologies: wind, solar, hydroelectric, and thermal. Substantially all of its operating assets are subject to indexed fixed-price energy sales contracts.