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SeaCube Container Leasing (FRA:03S) Effective Interest Rate on Debt % : 4.85% (As of Dec. 2012)


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What is SeaCube Container Leasing 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. SeaCube Container Leasing's annualized positive value of Interest Expense for the quarter that ended in Dec. 2012 was €52.8 Mil. SeaCube Container Leasing's average total debt for the quarter that ended in Dec. 2012 was €1,089.1 Mil. Therefore, SeaCube Container Leasing's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2012 was 4.85%.


SeaCube Container Leasing Effective Interest Rate on Debt % Historical Data

The historical data trend for SeaCube Container Leasing'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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SeaCube Container Leasing Effective Interest Rate on Debt % Chart

SeaCube Container Leasing Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12
Effective Interest Rate on Debt %
6.67 4.92 5.86 5.49 5.00

SeaCube Container Leasing Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
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 5.54 5.47 5.60 5.58 4.85

Competitive Comparison of SeaCube Container Leasing's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, SeaCube Container Leasing'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.


SeaCube Container Leasing's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SeaCube Container Leasing's Effective Interest Rate on Debt % distribution charts can be found below:

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



SeaCube Container Leasing Effective Interest Rate on Debt % Calculation

SeaCube Container Leasing's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2012 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2011 )+Total Debt  (A: Dec. 2012 ))/ count )
=-1  *  -52.351/( (912.338+1183.313)/ 2 )
=-1  *  -52.351/1047.8255
=5.00 %

where

Total Debt  (A: Dec. 2011 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=789.848 + 122.49
=912.338

Total Debt  (A: Dec. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1045.996 + 137.317
=1183.313

SeaCube Container Leasing's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2012 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2012 )+Total Debt  (Q: Dec. 2012 ))/ count )
=-1  *  -52.828/( (994.806+1183.313)/ 2 )
=-1  *  -52.828/1089.0595
=4.85 %

where

Total Debt  (Q: Sep. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=854.031 + 140.775
=994.806

Total Debt  (Q: Dec. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1045.996 + 137.317
=1183.313

* 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 four times the quarterly (Dec. 2012) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


SeaCube Container Leasing  (FRA:03S) Effective Interest Rate on Debt % Explanation

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


SeaCube Container Leasing Effective Interest Rate on Debt % Related Terms

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SeaCube Container Leasing (FRA:03S) Business Description

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SeaCube Container Leasing Ltd was incorporated in Bermuda in March 2010. It is a container leasing company based on total assets. Containers are the primary means by which products are shipped internationally because they facilitate the secure and efficient movement of goods via multiple transportation modes, including ships, rail and trucks. The principal activities of its business include the acquisition, leasing, re-leasing and subsequent sale of refrigerated and dry containers and generator sets. It leases its containers primarily under long-term contracts to a diverse group of the shipping lines. It owns or manages a fleet of 507,013 units, representing 795,039 TEUs of containers and generator sets. It leases three types of assets: Reefers, which are used for perishable items such as fresh and frozen foods; Dry freight containers, which are used for general cargo such as manufactured component parts, consumer staples and apparel; and Gensets, which are diesel generators used to provide mobile power to reefers. The Company's fleet of equipment consists of three types of container assets: refrigerated containers, dry freight containers and generator sets. Refrigerated containers, or reefers, are insulated containers that include an integrated cooling machine. These containers are typically used to carry perishable cargo such as fresh and frozen produce, meat, poultry, fish and other temperature sensitive products. A dry container is essentially a steel box with a set of doors on one end. Dry containers are the least-expensive type of intermodal container and are used to carry most types of freight. Generator sets, or gensets, are portable diesel fueled generators used to power reefers. They can be used when reefers are transported by trucks. It competes with Textainer Group, Florens Group, Triton Container, TAL International and GE Seaco. The Company is subject to federal, state, local and foreign laws and regulations relating to the protection of the environment, including those governing the discharge of pollutants to air and water, the management and disposal of hazardous substances and wastes and the cleanup of contaminated sites.

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