OPAL Fuels (OPAL Fuels) Effective Interest Rate on Debt % : 6.43% (As of Mar. 2024)

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What is OPAL Fuels 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. OPAL Fuels's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $13.5 Mil. OPAL Fuels's average total debt for the quarter that ended in Mar. 2024 was $210.6 Mil. Therefore, OPAL Fuels's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.43%.

OPAL Fuels Effective Interest Rate on Debt % Historical Data

The historical data trend for OPAL Fuels'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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OPAL Fuels Effective Interest Rate on Debt % Chart

OPAL Fuels Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

4.81

4.13

3.40

4.63

OPAL Fuels Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										3.11	2.43	5.95	8.23	6.43

Competitive Comparison of OPAL Fuels's Effective Interest Rate on Debt %

For the Utilities - Regulated Gas subindustry, OPAL Fuels'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.

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

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

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

OPAL Fuels Effective Interest Rate on Debt % Calculation

OPAL Fuels'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 * -9.029	/	( (179.653	+	210.612)	/ 2 )
=	-1 * -9.029	/	195.1325
=	4.63 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	99.557	+	80.096
=	179.653

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	208.366	+	2.246
=	210.612

OPAL Fuels's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -13.536	/	( (210.612	+	210.59)	/ 2 )
=	-1 * -13.536	/	210.601
=	6.43 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	208.366	+	2.246
=	210.612

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206.416	+	4.174
=	210.59

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

OPAL Fuels (NAS:OPAL) Effective Interest Rate on Debt % Explanation

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

OPAL Fuels Effective Interest Rate on Debt % Related Terms

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OPAL Fuels (OPAL Fuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » OPAL Fuels Inc (NAS:OPAL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

One North Lexington Avenue, Suite 1450, White Plains, NY, USA, 10601

Website

https://www.opalfuels.com

OPAL Fuels Inc is a fully integrated, nationwide leader in the production and distribution of low-carbon intensity renewable natural gas. The company's vertical waste-to-energy model combines the upstream production and downstream marketing and distribution of RNG, delivering a scalable, low-cost solution to decarbonize heavy-duty transportation and other industrial markets.