Technip Energies NV (XPAR:TE) Effective Interest Rate on Debt % : 2.26% (As of Dec. 2023)

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What is Technip Energies NV 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. Technip Energies NV's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €22 Mil. Technip Energies NV's average total debt for the quarter that ended in Dec. 2023 was €989 Mil. Therefore, Technip Energies NV's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.26%.

Technip Energies NV Effective Interest Rate on Debt % Historical Data

The historical data trend for Technip Energies NV'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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Technip Energies NV Effective Interest Rate on Debt % Chart

Technip Energies NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.27

1.70

2.51

2.42

2.26

Technip Energies NV Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							2.17	1.72	3.12	2.27	2.26

Competitive Comparison of Technip Energies NV's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Technip Energies NV'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.

Technip Energies NV's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Technip Energies NV's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Technip Energies NV's Effective Interest Rate on Debt % falls into.

Technip Energies NV Effective Interest Rate on Debt % Calculation

Technip Energies NV'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 * -22.4	/	( (986.2	+	993.4)	/ 2 )
=	-1 * -22.4	/	989.8
=	2.26 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	790.4	+	195.8
=	986.2

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	797.7	+	195.7
=	993.4

Technip Energies NV's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -22.4	/	( (985.4	+	993.4)	/ 2 )
=	-1 * -22.4	/	989.4
=	2.26 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	782.1	+	203.3
=	985.4

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	797.7	+	195.7
=	993.4

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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Technip Energies NV (XPAR:TE) Effective Interest Rate on Debt % Explanation

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

Technip Energies NV Effective Interest Rate on Debt % Related Terms

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Technip Energies NV (XPAR:TE) Business Description

Industry

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Address

2126 boulevard de la Defense, CS 10266, Nanterre, Cedex, FRA, 92741

Website

https://www.technipenergies.com

Technip Energies NV is an engineering and technology company specialized in providing projects, technologies, products and services on energy infrastructure both onshore and offshore. Substantial revenue is derived from the Project Delivery segment.