PSGFF (Precious Shipping PCL) Effective Interest Rate on Debt % : 7.00% (As of Mar. 2025)

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What is Precious Shipping PCL 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. Precious Shipping PCL's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was $17.2 Mil. Precious Shipping PCL's average total debt for the quarter that ended in Mar. 2025 was $245.0 Mil. Therefore, Precious Shipping PCL's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 7.00%.

Precious Shipping PCL Effective Interest Rate on Debt % Historical Data

The historical data trend for Precious Shipping PCL'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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Precious Shipping PCL Effective Interest Rate on Debt % Chart

Precious Shipping PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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4.96

3.98

4.94

7.84

7.63

Precious Shipping PCL Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.82	8.28	8.22	10.09	7.00

Competitive Comparison of Precious Shipping PCL's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Precious Shipping PCL'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.

Precious Shipping PCL's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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

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Precious Shipping PCL Effective Interest Rate on Debt % Calculation

Precious Shipping PCL's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -17.479	/	( (209.706	+	248.373)	/ 2 )
=	-1 * -17.479	/	229.0395
=	7.63 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	158.599	+	51.107
=	209.706

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	207.385	+	40.988
=	248.373

Precious Shipping PCL's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -17.156	/	( (248.373	+	241.62)	/ 2 )
=	-1 * -17.156	/	244.9965
=	7.00 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	207.385	+	40.988
=	248.373

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	200.137	+	41.483
=	241.62

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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Precious Shipping PCL (OTCPK:PSGFF) Effective Interest Rate on Debt % Explanation

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

Precious Shipping PCL Effective Interest Rate on Debt % Related Terms

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Precious Shipping PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Precious Shipping PCL (OTCPK:PSGFF) » Definitions » Effective Interest Rate on Debt %

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PSL:Thailand

Address

No. 8 North Sathorn Road, G, 7th, 8th and 9th floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.preciousshipping.com

Precious Shipping PCL is a Thailand-based holding company engaged in the marine transportation business. It's involved in the business of owning and operating (chartering) small handy-sized and supramax dry bulk vessels, on a tramp shipping basis without any set routes. The chartering of the vessels is undertaken in two ways: time charter and voyage charge. Majority of revenue is from Time Character.

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