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Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Effective Interest Rate on Debt % : 7.42% (As of Mar. 2024)


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What is Lindblad Expeditions Holdings 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. Lindblad Expeditions Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $46.3 Mil. Lindblad Expeditions Holdings's average total debt for the quarter that ended in Mar. 2024 was $624.1 Mil. Therefore, Lindblad Expeditions Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.42%.


Lindblad Expeditions Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Lindblad Expeditions Holdings'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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Lindblad Expeditions Holdings Effective Interest Rate on Debt % Chart

Lindblad Expeditions Holdings 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 5.93 4.69 4.74 6.79 7.64

Lindblad Expeditions Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.57 7.92 7.36 7.32 7.42

Competitive Comparison of Lindblad Expeditions Holdings's Effective Interest Rate on Debt %

For the Travel Services subindustry, Lindblad Expeditions Holdings'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.


Lindblad Expeditions Holdings's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Lindblad Expeditions Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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



Lindblad Expeditions Holdings Effective Interest Rate on Debt % Calculation

Lindblad Expeditions Holdings'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  *  -45.014/( (554.452+623.748)/ 2 )
=-1  *  -45.014/589.1
=7.64 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=529.452 + 25
=554.452

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=621.778 + 1.97
=623.748

Lindblad Expeditions Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -46.34/( (623.748+624.479)/ 2 )
=-1  *  -46.34/624.1135
=7.42 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=621.778 + 1.97
=623.748

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=622.676 + 1.803
=624.479

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Lindblad Expeditions Holdings  (NAS:LIND) Effective Interest Rate on Debt % Explanation

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


Lindblad Expeditions Holdings Effective Interest Rate on Debt % Related Terms

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Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Business Description

Traded in Other Exchanges
Address
96 Morton Street, 9th Floor, New York, NY, USA, 10014
Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of nine owned expedition ships and five seasonal charter vessels under the Lindblad brand.
Executives
Alex P Schultz director C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Smith, Jr. Thomas S. director 2 PENN PLAZA, NEW YORK NY 10121
Fahey John M Jr director C/O NATINAL GEOGRAPHIC, 1146 17TH STREET NW, WASHINTON DC 20036
Catherine B Reynolds director PO BOX 9870, MCLEAN VA 22102
L. Dyson Dryden director 305 WEST PENNSYLVANIA AVENUE, TOWSON MD 21204
Michael Elliott Bisnow director C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Sven-olof Lindblad director, 10 percent owner 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Bernard W Aronson director
Mark Ein director
Noah Brodsky officer: Chief Commercial Officer C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Dolf A Berle director, officer: CEO 2481 MANANA DRIVE, DALLAS TX 75220
Benjamin Bressler officer: President of Natural Habitat 833 WEST SOUTH BOULDER ROAD, BLDG G, LOUISVILLE CO 80027-2452
Trey Byus officer: Chief Expedition Officer 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Craig Felenstein officer: Chief Financial Officer 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
David Goodman officer: Chief Commercial and Marketing 1334 YORK AVENUE, NEW YORK X1 10021