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International Seaways (International Seaways) Effective Interest Rate on Debt % : 3.01% (As of Dec. 2023)


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What is International Seaways 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. International Seaways's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $24 Mil. International Seaways's average total debt for the quarter that ended in Dec. 2023 was $805 Mil. Therefore, International Seaways's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.01%.


International Seaways Effective Interest Rate on Debt % Historical Data

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

International Seaways 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 8.82 5.89 4.38 5.25 7.23

International Seaways 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 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 6.33 7.60 8.51 8.50 3.01

Competitive Comparison of International Seaways's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, International Seaways'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.


International Seaways's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, International Seaways's Effective Interest Rate on Debt % distribution charts can be found below:

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



International Seaways Effective Interest Rate on Debt % Calculation

International Seaways'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  *  -65.759/( (1074.638+744.53)/ 2 )
=-1  *  -65.759/909.584
=7.23 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=868.318 + 206.32
=1074.638

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=606.86 + 137.67
=744.53

International Seaways'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  *  -24.26/( (865.507+744.53)/ 2 )
=-1  *  -24.26/805.0185
=3.01 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=721.02 + 144.487
=865.507

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=606.86 + 137.67
=744.53

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


International Seaways  (NYSE:INSW) Effective Interest Rate on Debt % Explanation

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


International Seaways Effective Interest Rate on Debt % Related Terms

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International Seaways (International Seaways) Business Description

Industry
Traded in Other Exchanges
Address
600 Third Avenue, 39th Floor, New York, NY, USA, 10016
International Seaways Inc owns and operates a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products. The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2, and MR product carriers.
Executives
Jeffrey Pribor officer: Chief Financial Officer 35 WEST 56TH STREET, NEW YORK NY 10019
Derek G. Solon officer: VP and Chief Comm. Officer C/O INTERNATIONAL SEAWAYS, INC., 600 THIRD AVENUE, 39TH FLOOR, NEW YORK NY 10016
Small James D Iii officer: SVP & Secretary C/O OVERSEAS SHIPHOLDING GROUP, INC., 1301 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10019
Lois K Zabrocky director, officer: President 666 THIRD AVENUE, 5TH FLOOR, NEW YORK NY 10017
Douglas D Wheat director C/O HAAS WHEAT & PARTNERS LP, 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Randee E Day director 217 DEBRA LANE, PALM BEACH FL 33480
David I Greenberg director ALTRIA GROUP INC, 120 PARK AVE, NEW YORK NY 10017
William F. Nugent officer: VP and Head of Shipping Ops. C/O INTERNATIONAL SEAWAYS, INC., 600 THIRD AVENUE, 39TH FLOOR, NEW YORK NY 10465
Ian T Blackley director, officer: Senior Vice President & CFO 666 THIRD AVENUE, NEW YORK NY 10017
Stevenson Craig H Jr director C/O OMI CORP, ONE STATION PL, STAMFORD CT 06902
Adewale Oshodi officer: Controller 1301 AVENUE OF THE AMERICAS, 42ND FLOOR, C/O OVERSEAS SHIPHOLDING GROUP, INC., NEW YORK NY 10019
Famatown Finance Ltd 10 percent owner C/O SEATANKERS MANAGEMENT CO. LTD, P. O. BOX 53562, LIMASSOL G4 CY 3399
C.k. Ltd 10 percent owner 28 ESPLANADE STREET, ST. HELIER Y9 JE4 2QP
Greenwich Holdings Ltd. 10 percent owner C/O SEATANKERS MANAGEMENT CO. LTD., P.O. BOX 53562, LIMASSOL G4 CY 3399
Alexandra Kate Blankenship director 33 BENEDICT PLACE, 2ND FLOOR, GREENWICH CT 06830