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Rowan (RDC) Effective Interest Rate on Debt % : 6.32% (As of Dec. 2018)


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What is Rowan 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. Rowan's annualized positive value of Interest Expense for the quarter that ended in Dec. 2018 was $158.8 Mil. Rowan's average total debt for the quarter that ended in Dec. 2018 was $2,510.8 Mil. Therefore, Rowan's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 was 6.32%.


Rowan Effective Interest Rate on Debt % Historical Data

The historical data trend for Rowan'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.

* Premium members only.

Rowan Effective Interest Rate on Debt % Chart

Rowan Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.32 5.28 5.79 6.00 6.23

Rowan Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 6.17 6.13 6.20 6.25 6.32

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

For the Oil & Gas Drilling subindustry, Rowan'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.


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

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

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



Rowan Effective Interest Rate on Debt % Calculation

Rowan's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2017 )+Total Debt  (A: Dec. 2018 ))/ count )
=-1  *  -156.3/( (2510.3+2510.9)/ 2 )
=-1  *  -156.3/2510.6
=6.23 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2510.3 + 0
=2510.3

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2309.7 + 201.2
=2510.9

Rowan's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2018 )+Total Debt  (Q: Dec. 2018 ))/ count )
=-1  *  -158.8/( (2510.7+2510.9)/ 2 )
=-1  *  -158.8/2510.8
=6.32 %

where

Total Debt  (Q: Sep. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2309.6 + 201.1
=2510.7

Total Debt  (Q: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2309.7 + 201.2
=2510.9

* 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. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Rowan  (NYSE:RDC) Effective Interest Rate on Debt % Explanation

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


Rowan Effective Interest Rate on Debt % Related Terms

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Rowan (RDC) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2800 Post Oak Boulevard, Suite 5450, Houston, TX, USA, 77056-6189
Rowan Companies has been drilling for oil and gas for 90 years, serving oil and gas companies globally. In 2011 and 2012, the firm entered the deep-water market with four new rig orders. Rowan now operates 29 offshore drilling units, which includes 25 jackup drilling units, and four ultra-deepwater drillships.
Executives
Charles L Szews director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Stephen M Butz officer: EVP & CFO C/O HERCULES OFFSHORE, INC., 9 GREENWAY PLAZA, SUITE 2200, HOUSTON TX 77046
Alan Quintero officer: SVP - Business Development 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Thomas Peter Burke director, officer: President & CEO 2800 POST OAK BLVD, HOUSTON TX 77056
Thomas R Hix director C/O COOPER CAMERON, 1333 WEST LOOP S. #1700, HOUSTON TX 77027
Suzanne P Nimocks director 2800 POST OAK BLVD, SUITE 5450, HOUSTON TX 77056
Dennis S Baldwin officer: Chief Accounting Officer 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
John J Quicke director C/O SEQUA CORP, 200 PARK AVENUE, 44TH FL, NEW YORK NY 10166
Tore I Sandvold director C/O SCHLUMBERGER LIMITED, 5999 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
William E Albrecht director 9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
Jack B Moore director 5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Thierry Pilenko director 10300 TOWN PARK DRIVE, HOUSTON TX 77072
P Dexter Peacock director PO BOX 4544, PO BOX 4544, HOUSTON TX 77210-4544
Melanie Montague Trent officer: EVP, General Counsel & CAO 2800 POST OAK BLVD., SUITE 5450, HOUSTON TX 7056
W Matt Ralls director, officer: Executive Chairman ROWAN COMPANIES, HOUSTON TX 77002