HD Renewable Energy Co (TPE:6873) Effective Interest Rate on Debt % : 4.24% (As of Mar. 2024)

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What is HD Renewable Energy 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. HD Renewable Energy Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NT$155 Mil. HD Renewable Energy Co's average total debt for the quarter that ended in Mar. 2024 was NT$3,644 Mil. Therefore, HD Renewable Energy Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.24%.

HD Renewable Energy Co Effective Interest Rate on Debt % Historical Data

The historical data trend for HD Renewable Energy 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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HD Renewable Energy Co Effective Interest Rate on Debt % Chart

HD Renewable Energy Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.00

1.59

1.43

2.72

2.44

HD Renewable Energy Co Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											2.49	1.95	1.69	5.13	4.24

Competitive Comparison of HD Renewable Energy Co's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, HD Renewable Energy 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.

HD Renewable Energy Co's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, HD Renewable Energy Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where HD Renewable Energy Co's Effective Interest Rate on Debt % falls into.

HD Renewable Energy Co Effective Interest Rate on Debt % Calculation

HD Renewable Energy Co'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 * -56.743	/	( (596.557	+	4062.589)	/ 2 )
=	-1 * -56.743	/	2329.573
=	2.44 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	230.409	+	366.148
=	596.557

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1856.424	+	2206.165
=	4062.589

HD Renewable Energy Co'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 * -154.52	/	( (4062.589	+	3224.679)	/ 2 )
=	-1 * -154.52	/	3643.634
=	4.24 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1856.424	+	2206.165
=	4062.589

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1711.598	+	1513.081
=	3224.679

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.

HD Renewable Energy Co (TPE:6873) Effective Interest Rate on Debt % Explanation

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

HD Renewable Energy Co Effective Interest Rate on Debt % Related Terms

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HD Renewable Energy Co (TPE:6873) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » HD Renewable Energy Co Ltd (TPE:6873) » Definitions » Effective Interest Rate on Debt %

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Address

No. 35, Dexing West Road, 111 5th Floor, Shilin District, Taipei, TWN

Website

https://www.hdrenewables.com

HD Renewable Energy Co Ltd is engaged in the development, investment, and operation of large-scale renewable energy power generation business.

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