Prosafe SE (FRA:1Q6) Effective Interest Rate on Debt % : 7.54% (As of Sep. 2024)

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What is Prosafe SE 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. Prosafe SE's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €28.8 Mil. Prosafe SE's average total debt for the quarter that ended in Sep. 2024 was €382.3 Mil. Therefore, Prosafe SE's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 7.54%.

Prosafe SE Effective Interest Rate on Debt % Historical Data

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

Prosafe SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.38

4.03

4.05

3.61

6.35

Prosafe SE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.77	3.96	7.55	7.49	7.54

Competitive Comparison of Prosafe SE's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Prosafe SE'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.

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

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

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

Prosafe SE Effective Interest Rate on Debt % Calculation

Prosafe SE'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 * -24.851	/	( (398.557	+	384.681)	/ 2 )
=	-1 * -24.851	/	391.619
=	6.35 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	395.064	+	3.493
=	398.557

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	381.013	+	3.668
=	384.681

Prosafe SE's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -28.832	/	( (388.601	+	376.077)	/ 2 )
=	-1 * -28.832	/	382.339
=	7.54 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	384.142	+	4.459
=	388.601

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	372.293	+	3.784
=	376.077

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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Prosafe SE (FRA:1Q6) Effective Interest Rate on Debt % Explanation

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

Prosafe SE Effective Interest Rate on Debt % Related Terms

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Prosafe SE Business Description

Industry

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PRS:Norway

Address

Forusparken 2, Stavanger, NOR, 4031

Website

https://www.prosafe.com

Prosafe SE is an owner and operator of semi-submersible accommodation, safety, and support vessels, and one Tender Support Vessel. The company's vessels serve energy companies on various offshore projects in offshore oil and gas areas. The company's operations are related to the support of the lifecycle of offshore installations such as maintenance and modification of installations on fields already in production, hook-up and commissioning of new fields, tie-backs to existing infrastructure, and decommissioning. Its core markets are the North Sea and Brazil.

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