What is Southern 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. Southern Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $2,536 Mil. Southern Co's average total debt for the quarter that ended in Dec. 2023 was $62,898 Mil. Therefore, Southern Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.03%.
Southern Co Effective Interest Rate on Debt % Historical Data
The historical data trend for Southern 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.
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Southern Co Effective Interest Rate on Debt % Chart
Competitive Comparison of Southern Co's Effective Interest Rate on Debt %
For the Utilities - Regulated Electric subindustry, Southern 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.
Southern Co's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southern Co's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Southern Co's Effective Interest Rate on Debt % falls into.
Southern Co Effective Interest Rate on Debt % Calculation
Southern Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Southern Co (NYSE:SO) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Southern Co Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of Southern Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Southern is one of the largest utilities in the U.S. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states. It owns 50 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy across the U.S. and sells the electricity primarily under long-term contracts.
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