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Chesapeake Utilities (Chesapeake Utilities) Effective Interest Rate on Debt % : 5.73% (As of Dec. 2023)


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What is Chesapeake Utilities 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. Chesapeake Utilities's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $62.7 Mil. Chesapeake Utilities's average total debt for the quarter that ended in Dec. 2023 was $1,094.7 Mil. Therefore, Chesapeake Utilities's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.73%.


Chesapeake Utilities Effective Interest Rate on Debt % Historical Data

The historical data trend for Chesapeake Utilities'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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Chesapeake Utilities Effective Interest Rate on Debt % Chart

Chesapeake Utilities 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 3.26 3.00 2.67 3.02 3.34

Chesapeake Utilities 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 3.48 3.62 3.58 3.61 5.73

Competitive Comparison of Chesapeake Utilities's Effective Interest Rate on Debt %

For the Utilities - Regulated Gas subindustry, Chesapeake Utilities'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.


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

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

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



Chesapeake Utilities Effective Interest Rate on Debt % Calculation

Chesapeake Utilities'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  *  -36.951/( (814.42+1395.983)/ 2 )
=-1  *  -36.951/1105.2015
=3.34 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=590.78 + 223.64
=814.42

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1197.625 + 198.358
=1395.983

Chesapeake Utilities'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  *  -62.716/( (793.411+1395.983)/ 2 )
=-1  *  -62.716/1094.697
=5.73 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=654.841 + 138.57
=793.411

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1197.625 + 198.358
=1395.983

* 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.


Chesapeake Utilities  (NYSE:CPK) Effective Interest Rate on Debt % Explanation

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


Chesapeake Utilities Effective Interest Rate on Debt % Related Terms

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Chesapeake Utilities (Chesapeake Utilities) Business Description

Traded in Other Exchanges
Address
500 Energy Lane, Dover, DE, USA, 19901
Chesapeake Utilities Corp is a diversified energy delivery company that is engaged in natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions and other businesses. The company operates in two reportable segments, Regulated Energy and Unregulated Energy. The company's natural gas and electric distribution operations in Delaware, Maryland and Florida are subject to regulation by their respective PSC. Eastern Shore, its natural gas transmission subsidiary, is subject to regulation by the FERC and Peninsula Pipeline and Aspire Energy Express, its intrastate pipeline subsidiaries, are subject to regulation by the Florida PSC and Public Utilities Commission of Ohio, respectively.
Executives
Jeffery S Sylvester officer: Senior VP & COO 500 ENERGY LANE, DOVER DE 19901
Thomas J Bresnan director 1350 S. MILWAUKEE STREET, DENVER CO 80210
Maddock Paul L Jr director 909 SILVER LAKE BLVD, DOVER DE 19904
Hill Thomas P Jr director 909 SILVER LAKE BOULEVARD, DOVER DE 19904
Lila A Jaber director 909 SILVER LAKE BLVD, DOVER DE 19904
John R Schimkaitis director, other: Chair of the Board 909 SILVER LAKE BLVD., DOVER DE 19904
Kevin J Webber officer: Senior VP & Chief Dev. Officer 909 SILVER LAKE BLVD, DOVER DE 19904
Stephanie N Gary director 500 ENERGY LANE, DOVER DE 19901
Lisa Bisaccia director ONE CVS DRIVE, WOONSOCKET RI 02895
Michael D Galtman officer: Senior VP & CAO 500 ENERGY LANE, DOVER DE 19901
Sheree M. Petrone director 601 TRAVIS STREET, SUITE 1400, HOUSTON TX 77002
Jeffry M Householder director, other: President & CEO 909 SILVER LAKE BLVD, DOVER DE 19904
Forsythe Ronald G Jr director 909 SILVER LAKE BOULEVARD, DOVER DE 19904
Dianna Morgan director 909 SILVER LAKE BLVD, DOVER DE 19904
Beth W Cooper officer: Executive VP & CFO CHESAPEAKE UTILITIES CORPORATION, 909 SILVER LAKE BOULEVARD, DOVER DE 19904