Orient Overseas (International) (HKSE:00316) Effective Interest Rate on Debt % : 1.65% (As of Dec. 2023)

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What is Orient Overseas (International) 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. Orient Overseas (International)'s annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$199 Mil. Orient Overseas (International)'s average total debt for the quarter that ended in Dec. 2023 was HK$12,119 Mil. Therefore, Orient Overseas (International)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.65%.

Orient Overseas (International) Effective Interest Rate on Debt % Historical Data

The historical data trend for Orient Overseas (International)'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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Orient Overseas (International) Effective Interest Rate on Debt % Chart

Orient Overseas (International) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.70

2.58

2.10

2.56

1.62

Orient Overseas (International) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.15	2.14	2.81	1.69	1.65

Competitive Comparison of Orient Overseas (International)'s Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Orient Overseas (International)'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.

Orient Overseas (International)'s Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Orient Overseas (International)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Orient Overseas (International)'s Effective Interest Rate on Debt % falls into.

Orient Overseas (International) Effective Interest Rate on Debt % Calculation

Orient Overseas (International)'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 * -222.548	/	( (16194.567	+	11232.351)	/ 2 )
=	-1 * -222.548	/	13713.459
=	1.62 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10649.719	+	5544.848
=	16194.567

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7180.096	+	4052.255
=	11232.351

Orient Overseas (International)'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 * -199.368	/	( (13004.856	+	11232.351)	/ 2 )
=	-1 * -199.368	/	12118.6035
=	1.65 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8325.085	+	4679.771
=	13004.856

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7180.096	+	4052.255
=	11232.351

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.

Orient Overseas (International) (HKSE:00316) Effective Interest Rate on Debt % Explanation

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

Orient Overseas (International) Effective Interest Rate on Debt % Related Terms

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Orient Overseas (International) (HKSE:00316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Orient Overseas (International) Ltd (HKSE:00316) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

OROVY:USA OROVF:USA ORI1:Germany

Address

25 Harbour Road, 31st Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

https://www.ooilgroup.com

Orient Overseas (International) Ltd is engaged in container transport and logistics. Container transport and logistics include containerized shipping services in majorly trade lanes, covering Trans-Pacific, Trans-Atlantic, Asia/Europe, Asia/Australia, and Intra-Asia trades, and integrated services over the management and control of effective storage and flow of goods. Revenue comprises gross freight income, charter hire, service, and other income from the operation of the container transport and logistics and rental income from the investment property.

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