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Golden Energy Offshore Services AS (OSL:GEOS) Effective Interest Rate on Debt % : 31.20% (As of Dec. 2023)


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What is Golden Energy Offshore Services AS 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. Golden Energy Offshore Services AS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was kr189.0 Mil. Golden Energy Offshore Services AS's average total debt for the quarter that ended in Dec. 2023 was kr605.7 Mil. Therefore, Golden Energy Offshore Services AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 31.20%.


Golden Energy Offshore Services AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Golden Energy Offshore Services AS'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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Golden Energy Offshore Services AS Effective Interest Rate on Debt % Chart

Golden Energy Offshore Services AS 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 3.91 7.71 6.56 20.79 13.08

Golden Energy Offshore Services AS Quarterly Data
Jun17 Sep17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 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 0.98 13.54 10.96 23.31 31.20

Competitive Comparison of Golden Energy Offshore Services AS's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Golden Energy Offshore Services AS'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.


Golden Energy Offshore Services AS's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Golden Energy Offshore Services AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Golden Energy Offshore Services AS's Effective Interest Rate on Debt % falls into.



Golden Energy Offshore Services AS Effective Interest Rate on Debt % Calculation

Golden Energy Offshore Services AS'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  *  -87.537/( (372.028+966.237)/ 2 )
=-1  *  -87.537/669.1325
=13.08 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=292.741 + 79.287
=372.028

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=745.37 + 220.867
=966.237

Golden Energy Offshore Services AS'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  *  -188.976/( (245.187+966.237)/ 2 )
=-1  *  -188.976/605.712
=31.20 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=73.938 + 171.249
=245.187

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=745.37 + 220.867
=966.237

* 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.


Golden Energy Offshore Services AS  (OSL:GEOS) Effective Interest Rate on Debt % Explanation

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


Golden Energy Offshore Services AS Effective Interest Rate on Debt % Related Terms

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Golden Energy Offshore Services AS (OSL:GEOS) Business Description

Traded in Other Exchanges
Address
St Olavs Plass 1, Alesund, NOR, 6002
Golden Energy Offshore Services AS is a shipowner and operator of modern and high-spec offshore service vessels for the oil and gas service industry. The company's fleet includes Energy Empress, Larissa, and many more. Geographically, it derives a majority of its revenue from Europe.