North Atlantic Drilling (FRA:2NAA) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2017)

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What is North Atlantic Drilling 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. North Atlantic Drilling's annualized positive value of Interest Expense for the quarter that ended in Dec. 2017 was €0.0 Mil. North Atlantic Drilling's average total debt for the quarter that ended in Dec. 2017 was €1,151.0 Mil. Therefore, North Atlantic Drilling's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2017 was 0.00%.

North Atlantic Drilling Effective Interest Rate on Debt % Historical Data

The historical data trend for North Atlantic Drilling'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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North Atlantic Drilling Effective Interest Rate on Debt % Chart

North Atlantic Drilling Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Effective Interest Rate on Debt %

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3.39

4.21

4.05

4.57

5.45

North Atlantic Drilling Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.50	4.75	4.65	4.57	-

Competitive Comparison of North Atlantic Drilling's Effective Interest Rate on Debt %

For the Oil & Gas Drilling subindustry, North Atlantic Drilling'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.

North Atlantic Drilling's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

North Atlantic Drilling Effective Interest Rate on Debt % Calculation

North Atlantic Drilling's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2016 )	+	Total Debt (A: Dec. 2017 ))	/ count )
=	-1 * -68.867	/	( (2161.63	+	363.603)	/ 2 )
=	-1 * -68.867	/	1262.6165
=	5.45 %

where

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1139.212	+	1022.418
=	2161.63

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	323.466	+	40.137
=	363.603

North Atlantic Drilling's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2017 )	+	Total Debt (Q: Dec. 2017 ))	/ count )
=	-1 * 0	/	( (1938.331	+	363.603)	/ 2 )
=	-1 * 0	/	1150.967
=	0.00 %

where

	Total Debt (Q: Jun. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1054.116	+	884.215
=	1938.331

	Total Debt (Q: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	323.466	+	40.137
=	363.603

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. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

North Atlantic Drilling (FRA:2NAA) Effective Interest Rate on Debt % Explanation

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

North Atlantic Drilling Effective Interest Rate on Debt % Related Terms

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North Atlantic Drilling (FRA:2NAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » North Atlantic Drilling Ltd (FRA:2NAA) » Definitions » Effective Interest Rate on Debt %

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Address

Website

http://www.nadlcorp.com

North Atlantic Drilling Ltd is a Bermuda-based offshore drilling contractor which focused on operations in the North Atlantic Region. The company operates offshore drilling rigs in operation offshore Norway and the United Kingdom. It also provides harsh environment drilling services to the oil and gas industry. The company's fleet of offshore drilling units of the company consists of drill ships, semi-submersible rigs, jack-up rigs and tender rigs. It operates its business in Norway, United Kingdom, and Russia and most of the revenue come from Norway.

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