Zeo Energy (Zeo Energy) Effective Interest Rate on Debt % : 5.21% (As of Mar. 2024)

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What is Zeo Energy 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. Zeo Energy's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.15 Mil. Zeo Energy's average total debt for the quarter that ended in Mar. 2024 was $2.84 Mil. Therefore, Zeo Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.21%.

Zeo Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Zeo Energy'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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Zeo Energy Effective Interest Rate on Debt % Chart

Zeo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

3.58

4.89

Zeo Energy Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			2.47	3.04	-	11.17	5.21

Competitive Comparison of Zeo Energy's Effective Interest Rate on Debt %

For the Solar subindustry, Zeo Energy'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.

Zeo Energy's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zeo Energy's Effective Interest Rate on Debt % distribution charts can be found below:

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

Zeo Energy Effective Interest Rate on Debt % Calculation

Zeo Energy'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 * -0.124	/	( (2.106	+	2.97)	/ 2 )
=	-1 * -0.124	/	2.538
=	4.89 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.402	+	0.704
=	2.106

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.026	+	0.944
=	2.97

Zeo Energy'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 * -0.148	/	( (2.97	+	2.712)	/ 2 )
=	-1 * -0.148	/	2.841
=	5.21 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.026	+	0.944
=	2.97

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.812	+	0.9
=	2.712

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.

Zeo Energy (NAS:ZEO) Effective Interest Rate on Debt % Explanation

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

Zeo Energy Effective Interest Rate on Debt % Related Terms

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Zeo Energy (Zeo Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zeo Energy Corp (NAS:ZEO) » Definitions » Effective Interest Rate on Debt %

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Address

7625 little Road, Suite 200A, New Port Richley, FL, USA, 34654

Website

Zeo Energy Corp is a vertically integrated provider of residential solar energy systems, other energy efficient equipment and related services currently serving customers in Florida, Texas, Arkansas and Missouri.