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Piraeus Port Authority (LTS:0FHO) Effective Interest Rate on Debt % : 2.01% (As of Dec. 2023)


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What is Piraeus Port Authority 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. Piraeus Port Authority's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €1.9 Mil. Piraeus Port Authority's average total debt for the quarter that ended in Dec. 2023 was €96.6 Mil. Therefore, Piraeus Port Authority's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.01%.


Piraeus Port Authority Effective Interest Rate on Debt % Historical Data

The historical data trend for Piraeus Port Authority'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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Piraeus Port Authority Effective Interest Rate on Debt % Chart

Piraeus Port Authority Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.72 2.83 2.91 2.48 3.11

Piraeus Port Authority 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.99 3.03 1.96 4.22 2.01

Competitive Comparison of Piraeus Port Authority's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Piraeus Port Authority'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.


Piraeus Port Authority's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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



Piraeus Port Authority Effective Interest Rate on Debt % Calculation

Piraeus Port Authority'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  *  -3.083/( (102.808+95.66)/ 2 )
=-1  *  -3.083/99.234
=3.11 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=95.438 + 7.37
=102.808

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=88.278 + 7.382
=95.66

Piraeus Port Authority'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  *  -1.942/( (97.446+95.66)/ 2 )
=-1  *  -1.942/96.553
=2.01 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=90.079 + 7.367
=97.446

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=88.278 + 7.382
=95.66

* 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.

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.


Piraeus Port Authority  (LTS:0FHO) Effective Interest Rate on Debt % Explanation

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


Piraeus Port Authority Effective Interest Rate on Debt % Related Terms

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Piraeus Port Authority (LTS:0FHO) Business Description

Traded in Other Exchanges
Address
10 Akti Miaouli street, Piraeus, GRC, 18538
Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.

Piraeus Port Authority (LTS:0FHO) Headlines

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