ZIM Integrated Shipping Services (FRA:2SV) Effective Interest Rate on Debt % : 3.42% (As of Dec. 2023)

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What is ZIM Integrated Shipping Services 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. ZIM Integrated Shipping Services's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €154 Mil. ZIM Integrated Shipping Services's average total debt for the quarter that ended in Dec. 2023 was €4,516 Mil. Therefore, ZIM Integrated Shipping Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.42%.

ZIM Integrated Shipping Services Effective Interest Rate on Debt % Historical Data

The historical data trend for ZIM Integrated Shipping Services'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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ZIM Integrated Shipping Services Effective Interest Rate on Debt % Chart

ZIM Integrated Shipping Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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10.24

8.55

6.72

6.04

8.05

ZIM Integrated Shipping Services Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.20	8.43	11.84	8.50	3.42

Competitive Comparison of ZIM Integrated Shipping Services's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, ZIM Integrated Shipping Services'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.

ZIM Integrated Shipping Services's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

* The bar in red indicates where ZIM Integrated Shipping Services's Effective Interest Rate on Debt % falls into.

ZIM Integrated Shipping Services Effective Interest Rate on Debt % Calculation

ZIM Integrated Shipping Services'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 * -349.194	/	( (4091.108	+	4584.174)	/ 2 )
=	-1 * -349.194	/	4337.641
=	8.05 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2696.914	+	1394.194
=	4091.108

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3031.785	+	1552.389
=	4584.174

ZIM Integrated Shipping Services'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -154.424	/	( (4448.314	+	4584.174)	/ 2 )
=	-1 * -154.424	/	4516.244
=	3.42 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2840.328	+	1607.986
=	4448.314

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3031.785	+	1552.389
=	4584.174

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ZIM Integrated Shipping Services (FRA:2SV) Effective Interest Rate on Debt % Explanation

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

ZIM Integrated Shipping Services Effective Interest Rate on Debt % Related Terms

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ZIM Integrated Shipping Services (FRA:2SV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZIM Integrated Shipping Services Ltd (FRA:2SV) » Definitions » Effective Interest Rate on Debt %

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ZIM:USA

Address

9 Andrei Sakharov Street, P.O. Box 15067, Matam, Haifa, ISR, 3190500

Website

https://www.zim.com

ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of revenue from the Pacific.

ZIM Integrated Shipping Services (FRA:2SV) Headlines

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