DryShips (DryShips) Effective Interest Rate on Debt % : 6.34% (As of Jun. 2019)

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What is DryShips 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. DryShips's annualized positive value of Interest Expense for the quarter that ended in Jun. 2019 was $18.9 Mil. DryShips's average total debt for the quarter that ended in Jun. 2019 was $298.4 Mil. Therefore, DryShips's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2019 was 6.34%.

DryShips Effective Interest Rate on Debt % Historical Data

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

DryShips Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Effective Interest Rate on Debt %

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5.02

4.94

6.59

16.70

8.55

DryShips Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.29	4.47	5.62	6.22	6.34

Competitive Comparison of DryShips's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, DryShips'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.

DryShips's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, DryShips's Effective Interest Rate on Debt % distribution charts can be found below:

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

DryShips Effective Interest Rate on Debt % Calculation

DryShips's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2017 )	+	Total Debt (A: Dec. 2018 ))	/ count )
=	-1 * -18.621	/	( (145.338	+	290.083)	/ 2 )
=	-1 * -18.621	/	217.7105
=	8.55 %

where

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	133.703	+	11.635
=	145.338

	Total Debt (A: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	251.288	+	38.795
=	290.083

DryShips's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2019 )	+	Total Debt (Q: Jun. 2019 ))	/ count )
=	-1 * -18.916	/	( (283.639	+	313.09)	/ 2 )
=	-1 * -18.916	/	298.3645
=	6.34 %

where

	Total Debt (Q: Mar. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	238.183	+	45.456
=	283.639

	Total Debt (Q: Jun. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	255.961	+	57.129
=	313.09

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 (Jun. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

DryShips (NAS:DRYS) Effective Interest Rate on Debt % Explanation

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

DryShips Effective Interest Rate on Debt % Related Terms

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DryShips (DryShips) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DryShips Inc (NAS:DRYS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Dryships Management Services Inc, 109 Kifissias Avenue and Sina Street, Marousi, Athens, GRC, 151 24

Website

http://www.dryships.com

DryShips Inc is engaged in the shipping industry in the United States. The company operates as a provider of dry bulk commodities transportation services for the steel, electric utility, construction and agri-food industries. It operates through the dry bulk carrier and offshore support services divisions. Through this division, it operates as a provider of offshore support services to the offshore energy industry. The company owns a fleet of Panamax dry bulk vessels, Newcastlemax dry bulk vessels, Aframax tankers and gas carriers.