Civeo (CVEO) Effective Interest Rate on Debt % : 10.85% (As of Dec. 2023)

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Civeo Effective Interest Rate on Debt % Definition

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. Civeo's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $10.2 Mil. Civeo's average total debt for the quarter that ended in Dec. 2023 was $94.1 Mil. Therefore, Civeo's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.85%.

Civeo Effective Interest Rate on Debt % Historical Data

The historical data trend for Civeo'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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Civeo Effective Interest Rate on Debt % Chart

Civeo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.26

5.16

5.67

6.91

12.06

Civeo Quarterly Data
	Mar19	Jun19	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															9.70	9.83	9.58	10.34	10.85

Competitive Comparison of Civeo's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, Civeo'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.

Civeo Effective Interest Rate on Debt % Distribution

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

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

Civeo Effective Interest Rate on Debt % Calculation

Civeo'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 * -13.177	/	( (143.724	+	74.818)	/ 2 )
=	-1 * -13.177	/	109.271
=	12.06 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	115.276	+	28.448
=	143.724

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	74.818	+	0
=	74.818

Civeo'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 * -10.208	/	( (113.35	+	74.818)	/ 2 )
=	-1 * -10.208	/	94.084
=	10.85 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	106.207	+	7.143
=	113.35

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	74.818	+	0
=	74.818

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.

Civeo (NYSE:CVEO) Effective Interest Rate on Debt % Explanation

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

Civeo Effective Interest Rate on Debt % Related Terms

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Civeo (CVEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Civeo Corp (NYSE:CVEO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

44C1:Germany

Address

333 Clay Street, Three Allen Center, Suite 4980, Houston, TX, USA, 77002

Website

https://www.civeo.com

Civeo Corp provides hospitality services to the natural resources industry in Canada, Australia and the United States. The company provides a full suite of services for guests, including lodging, catering and food service, housekeeping and maintenance at accommodation facilities that the company or its customers own. The company provides services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and logistics. The company operates in active oil, metallurgical coal, liquefied natural gas and iron ore-producing regions. The company operates in three reportable business segments Canada, Australia and the United States.

Executives

Moore Constance B	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Lance Torgerson	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Martin Lambert	director	333 CLAY STREET, STE 4980, HOUSTON TX 77002
Allan Schoening	officer: See Remarks	333 CLAY STREET, #4980, HOUSTON TX 77002
Peter Mccann	officer: Sr. Vice President, Australia	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Jagdish Grewal	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77065
Michael Montelongo	director	203 EAST MAIN STREET, SPARTANBURG SC 29319
Bradley J Dodson	director, officer: President, CEO, and Director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Barclay Brewer	officer: Vice President and Controller	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Ronald Gilbertson	director	333 CLAY STREET, HOUSTON TX 77002
Tammy Torgerson	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Torgerson Family Trust	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Timothy O Wall	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Frank Steininger	officer: See Remarks	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Mike Ridley	officer: See Remarks	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002