GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » El Paso Electric Co (NYSE:EE) » Definitions » Effective Interest Rate on Debt %

El Paso Electric Co (El Paso Electric Co) Effective Interest Rate on Debt % : 5.38% (As of Mar. 2020)


View and export this data going back to 1994. Start your Free Trial

What is El Paso Electric Co 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. El Paso Electric Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2020 was $84.1 Mil. El Paso Electric Co's average total debt for the quarter that ended in Mar. 2020 was $1,563.3 Mil. Therefore, El Paso Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2020 was 5.38%.


El Paso Electric Co Effective Interest Rate on Debt % Historical Data

The historical data trend for El Paso Electric Co'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.

El Paso Electric Co Effective Interest Rate on Debt % Chart

El Paso Electric Co Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.55 6.03 6.09 6.01 5.89

El Paso Electric Co Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 5.87 5.61 5.72 5.75 5.38

Competitive Comparison of El Paso Electric Co's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, El Paso Electric Co'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.


El Paso Electric Co's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where El Paso Electric Co's Effective Interest Rate on Debt % falls into.



El Paso Electric Co Effective Interest Rate on Debt % Calculation

El Paso Electric Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2018 )+Total Debt  (A: Dec. 2019 ))/ count )
=-1  *  -86.41/( (1434.426+1499.751)/ 2 )
=-1  *  -86.41/1467.0885
=5.89 %

where

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1285.98 + 148.446
=1434.426

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1340.981 + 158.77
=1499.751

El Paso Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2019 )+Total Debt  (Q: Mar. 2020 ))/ count )
=-1  *  -84.108/( (1499.751+1626.891)/ 2 )
=-1  *  -84.108/1563.321
=5.38 %

where

Total Debt  (Q: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1340.981 + 158.77
=1499.751

Total Debt  (Q: Mar. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1341.131 + 285.76
=1626.891

* 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. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


El Paso Electric Co  (NYSE:EE) Effective Interest Rate on Debt % Explanation

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


El Paso Electric Co Effective Interest Rate on Debt % Related Terms

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


El Paso Electric Co (El Paso Electric Co) Business Description

Traded in Other Exchanges
N/A
Address
100 North Stanton, Stanton Tower, El Paso, TX, USA, 79901
El Paso Electric Co is a Texas-based public utility company engaged in the generation, transmission, and distribution of electricity in the Southwestern U.S. The company principally serves retail customers in the El Paso, Texas and Las Cruces, New Mexico markets through its portfolio of nuclear, natural gas, coal, solar, and wind power plants. The vast majority of the total power produced by El Paso Electric is derived from its nuclear and natural gas facilities. The company generates most of its revenue from the production and sale of energy. Distribution service fees also represent a significant income stream. El Paso Electric primarily serves residential and small industrial customers, but also participates in wholesale transactions with local military installations and universities.
Executives
James W Cicconi director 208 S. AKARD ST., DALLAS TX 75202
Charles Yamarone director 123 W MILLS, EL PASO TX 79901
Eric B Siegel director 123 W MILLS, EL PASO TX 79901
Stephen Wertheimer director 123 W MILLS, EL PASO TX 79901
Paul M Barbas director C/O DPL INC., 1065 WOODMAN DRIVE, DAYTON OH 45432
Catherine A Allen director 5 SAN SEBASTIAN ROAD, SANTA FE NM 87505
William Stiller officer: SVP & Chief HRO 1601 W. LBJ FREEWAY, DALLAS TX 75234
Woody L Hunt director 4401 NORTH MESA, EL PASO TX 79902
Shockley Thomas V Iii director 602 CIMARRON HILLS TRAIL WEST, GEORGETOWN TX 78628
Michael K Parks director 123 W MILLS, EL PASO TX 79901
Steven P Busser officer: VP-TREASURER C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Kenneth Heitz director 123 W MILLS, EL PASO TX 79901
Edwards George W Jr director 123 W MILLS, EL PASO TX 79901
Redd Ershel C Jr officer: President and CEO C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
Terry D Bassham officer: Exec VP & Chief Fin & Admin COMMERCE BANK, PO BOX 419248, KANSAS CITY MO 64141-6248

El Paso Electric Co (El Paso Electric Co) Headlines