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Charge Enterprises (Charge Enterprises) Effective Interest Rate on Debt % : 19.62% (As of Sep. 2023)


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What is Charge Enterprises 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. Charge Enterprises's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $6.0 Mil. Charge Enterprises's average total debt for the quarter that ended in Sep. 2023 was $30.4 Mil. Therefore, Charge Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 19.62%.


Charge Enterprises Effective Interest Rate on Debt % Historical Data

The historical data trend for Charge Enterprises'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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Charge Enterprises Effective Interest Rate on Debt % Chart

Charge Enterprises Annual Data
Trend Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
85.08 22.66 33.86

Charge Enterprises Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.02 25.38 19.86 20.33 19.62

Competitive Comparison of Charge Enterprises's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Charge Enterprises'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.


Charge Enterprises's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Charge Enterprises's Effective Interest Rate on Debt % distribution charts can be found below:

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



Charge Enterprises Effective Interest Rate on Debt % Calculation

Charge Enterprises's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -11.905/( (37.107+33.216)/ 2 )
=-1  *  -11.905/35.1615
=33.86 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=32.225 + 4.882
=37.107

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.345 + 30.871
=33.216

Charge Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -5.956/( (29.818+30.889)/ 2 )
=-1  *  -5.956/30.3535
=19.62 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.183 + 27.635
=29.818

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.338 + 28.551
=30.889

* 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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Charge Enterprises  (OTCPK:CRGEQ) Effective Interest Rate on Debt % Explanation

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


Charge Enterprises Effective Interest Rate on Debt % Related Terms

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Charge Enterprises (Charge Enterprises) Business Description

Traded in Other Exchanges
N/A
Address
125 Park Avenue, 25th Floor, New York, NY, USA, 10017
Charge Enterprises Inc is an electrical, broadband, and electric vehicle (EV) charging infrastructure company that provides clients with end-to-end project management services, from advising, designing, engineering, acquiring, and installing equipment, to monitoring, servicing, and maintenance. The company's operating segment includes Telecommunications and Infrastructure. It generates maximum revenue from the Telecommunications segment. The telecommunications segment provides a connection of voice calls and data to global carriers.
Executives
Gary N Jacobs director MGM MIRAGE, 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109
James Biehl officer: CLO, CCO, Secretary 44 WALL STREET, 12TH FLOOR, NEW YORK NY 10005
Michael Wojtowicz officer: CEO, Pres. B W Electrical Serv 125 PARK AVE, 25TH FLOOR, NEW YORK NY 10017
Leah Schweller officer: CFO 125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017
Philip Scala director 125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017
Justin Deutsch director 125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017
Paul Martin Williams officer: See Remarks 125 PARK AVE, 25TH FLOOR, NEW YORK NY 10017
Jacky Wu director 515 SOUTH FLOWER ST, 44TH FLOOR, LOS ANGELES CA 90071
Chantel E Lenard director 1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Amy Hanson director C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Mark R Laneve officer: President 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Andrew Scott Fox director, 10 percent owner, officer: CEO, Director & Chairman 125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017
Craig Harper-denson director, officer: COO, CCO, Secretary & Director 125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017
Jeffrey Scott Kuhlman officer: Chief Communications Officer 125 PARK AVE, 25TH FLOOR, NEW YORK NY 10017
Paolo Fettuccia officer: See Remarks 125 PARK AVE, 25TH FLOOR, NEW YORK NY 10017