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MDU Resources Group (MDU Resources Group) Effective Interest Rate on Debt % : 4.90% (As of Dec. 2023)


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What is MDU Resources Group 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. MDU Resources Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $127 Mil. MDU Resources Group's average total debt for the quarter that ended in Dec. 2023 was $2,596 Mil. Therefore, MDU Resources Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.90%.


MDU Resources Group Effective Interest Rate on Debt % Historical Data

The historical data trend for MDU Resources Group'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.

MDU Resources Group Effective Interest Rate on Debt % Chart

MDU Resources Group 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 4.41 4.07 2.69 3.02 4.62

MDU Resources Group 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 3.15 5.12 3.45 4.77 4.90

Competitive Comparison of MDU Resources Group's Effective Interest Rate on Debt %

For the Conglomerates subindustry, MDU Resources Group'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.


MDU Resources Group's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, MDU Resources Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



MDU Resources Group Effective Interest Rate on Debt % Calculation

MDU Resources Group'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  *  -114.308/( (2478.345+2467.752)/ 2 )
=-1  *  -114.308/2473.0485
=4.62 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2370.719 + 107.626
=2478.345

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2288.549 + 179.203
=2467.752

MDU Resources Group'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  *  -127.068/( (2723.567+2467.752)/ 2 )
=-1  *  -127.068/2595.6595
=4.90 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2332.736 + 390.831
=2723.567

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2288.549 + 179.203
=2467.752

* 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.


MDU Resources Group  (NYSE:MDU) Effective Interest Rate on Debt % Explanation

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


MDU Resources Group Effective Interest Rate on Debt % Related Terms

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MDU Resources Group (MDU Resources Group) Business Description

Industry
Traded in Other Exchanges
Address
1200 West Century Avenue, P.O. Box 5650, Bismarck, ND, USA, 58506-5650
MDU Resources Group Inc operates in five business segments, which includes: Electric segment, which generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming; The natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon and Washington; The pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions of the United States; The construction materials and contracting segment mines, processes and sells construction aggregates (crushed stone, sand, and gravel); produces and sells asphalt mix, and supplies ready-mixed concrete; and The construction services segment.
Executives
Rob L. Johnson officer: President-WBI Holdings 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Paul R. Sanderson officer: VP, CLO & Secretary 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
James H. Gemmel director C/O CORVEX MANAGEMENT LP, 667 MADISON AVENUE, NEW YORK NY 10065
Brian R. Gray officer: President & CEO-Knife River 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
German Carmona-alvarez director 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Thomas S Everist director
Nicole A Kivisto officer: Controller P. O. BOX 5650, BISMARCK ND 58506-5650
Dale Rosenthal director 101 CONSTITUTION AVENUE, NW, WASHINGTON DC 20080
Karl A Liepitz officer: VP, Gen Counsel & Secretary 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Jason L Vollmer officer: Treasurer & Director of Cash 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
David M Sparby director 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Margaret A Link officer: Chief Information Officer 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Dennis W Johnson director TMI BUSINESS DESIGHNS CORP, 50 3 AVENUE WAY, DICKINSON ND 58601
David C Barney officer: President & CEO - Knife River 1150 WEST CENTURY AVENUE, BISMARCK ND 58503
Stephanie A Barth officer: VP, CAO & Controller 1200 WEST CENTURY AVENUE, BISMARCK ND 58503