Brookfield Infrastructure (TSX:BIPC) Effective Interest Rate on Debt % : 7.51% (As of Mar. 2024)

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What is Brookfield Infrastructure 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. Brookfield Infrastructure's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$1,294 Mil. Brookfield Infrastructure's average total debt for the quarter that ended in Mar. 2024 was C$17,239 Mil. Therefore, Brookfield Infrastructure's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.51%.

Brookfield Infrastructure Effective Interest Rate on Debt % Historical Data

The historical data trend for Brookfield Infrastructure'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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Brookfield Infrastructure Effective Interest Rate on Debt % Chart

Brookfield Infrastructure Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.56

5.19

7.08

13.47

8.34

Brookfield Infrastructure Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															12.80	12.60	7.61	7.30	7.51

Competitive Comparison of Brookfield Infrastructure's Effective Interest Rate on Debt %

For the Utilities - Regulated Gas subindustry, Brookfield Infrastructure'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.

Brookfield Infrastructure's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

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

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

Brookfield Infrastructure Effective Interest Rate on Debt % Calculation

Brookfield Infrastructure'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 * -935.095	/	( (6253.175	+	16171.646)	/ 2 )
=	-1 * -935.095	/	11212.4105
=	8.34 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5772.266	+	480.909
=	6253.175

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14766.991	+	1404.655
=	16171.646

Brookfield Infrastructure'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 * -1294.04	/	( (16171.646	+	18306.087)	/ 2 )
=	-1 * -1294.04	/	17238.8665
=	7.51 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14766.991	+	1404.655
=	16171.646

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18270.893	+	35.194
=	18306.087

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.

Brookfield Infrastructure (TSX:BIPC) Effective Interest Rate on Debt % Explanation

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

Brookfield Infrastructure Effective Interest Rate on Debt % Related Terms

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Brookfield Infrastructure (TSX:BIPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Brookfield Infrastructure Corp (TSX:BIPC) » Definitions » Effective Interest Rate on Debt %

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BIPC:USA

Address

250 Vesey Street, 15th Floor, New York, NY, USA, 10281

Website

https://www.bip.brookfield.com

Brookfield Infrastructure Corp is an indirect subsidiary of the partnership of the diversified infrastructure owner and operators. Its business is comprised of a U.K. regulated distribution operation, a Brazilian regulated natural gas transmission operation and an Australian regulated utility.