What is Baltic Trading 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. Baltic Trading's annualized positive value of Interest Expense for the quarter that ended in Mar. 2015 was €7.24 Mil. Baltic Trading's average total debt for the quarter that ended in Mar. 2015 was €176.10 Mil. Therefore, Baltic Trading's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2015 was 4.11%.
Baltic Trading Effective Interest Rate on Debt % Historical Data
The historical data trend for Baltic Trading'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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Baltic Trading Effective Interest Rate on Debt % Chart
Competitive Comparison of Baltic Trading's Effective Interest Rate on Debt %
For the Marine Shipping subindustry, Baltic Trading'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.
Baltic Trading's Effective Interest Rate on Debt % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Baltic Trading's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Baltic Trading's Effective Interest Rate on Debt % falls into.
Baltic Trading Effective Interest Rate on Debt % Calculation
Baltic Trading's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2014 is calculated as
* 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 (Mar. 2015) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Baltic Trading (FRA:L8B) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Baltic Trading Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of Baltic Trading's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Baltic Trading Ltd is a New York City-based company incorporated in October 2009 in the Marshall Islands to conduct shipping business focused on the drybulk industry spot market. The Company's fleet currently consists of four Capesize vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,095,000 deadweight tons. Its fleet contains five groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. It plans to operate all of its vessels in the spot market, on spot market-related time charters, or in vessel pools trading in the spot market. Its customers include national, regional and international companies, including Cargill International S.A. ('Cargill'), Klaveness Chartering ('Klaveness'), Resource Marine PTE Ltd. (part of the Macquarie group of Companies) ('Resource Marine'), and Swissmarine Services S.A. ('Swissmarine'). The Company competes with other owners of drybulk carriers in the Capesize, Supramax and Handysize class sectors, some of whom may also charter its vessels as customers. The Company is subject to international conventions and treaties, national, state and local laws and regulations in force in the countries in which its vessels may operate or are atregistered relating to safety and health and environmental protection including the storage, handling, emission, transportation and discharge of hazardous and non-hazardous merials, and the remediation of contamination and liability for damage to natural resources.
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