Hermitage Offshore Services (FRA:N5OA) Effective Interest Rate on Debt % : 5.98% (As of Mar. 2020)

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What is Hermitage Offshore Services 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. Hermitage Offshore Services's annualized positive value of Interest Expense for the quarter that ended in Mar. 2020 was €7.66 Mil. Hermitage Offshore Services's average total debt for the quarter that ended in Mar. 2020 was €128.11 Mil. Therefore, Hermitage Offshore Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2020 was 5.98%.

Hermitage Offshore Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Hermitage Offshore Services'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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Hermitage Offshore Services Effective Interest Rate on Debt % Chart

Hermitage Offshore Services Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Effective Interest Rate on Debt %

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1.64

3.08

3.06

5.74

Hermitage Offshore Services Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.17	6.75	6.28	-	5.98

Competitive Comparison of Hermitage Offshore Services's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Hermitage Offshore Services'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.

Hermitage Offshore Services's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hermitage Offshore Services's Effective Interest Rate on Debt % distribution charts can be found below:

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

Hermitage Offshore Services Effective Interest Rate on Debt % Calculation

Hermitage Offshore Services's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2018 )	+	Total Debt (A: Dec. 2019 ))	/ count )
=	-1 * 0	/	( (116.43	+	127.714)	/ 2 )
=	-1 * 0	/	122.072
=	0.00 %

where

	Total Debt (A: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	116.43	+	0
=	116.43

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	127.528	+	0.186
=	127.714

Hermitage Offshore Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2019 )	+	Total Debt (Q: Mar. 2020 ))	/ count )
=	-1 * -7.656	/	( (127.714	+	128.5)	/ 2 )
=	-1 * -7.656	/	128.107
=	5.98 %

where

	Total Debt (Q: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	127.528	+	0.186
=	127.714

	Total Debt (Q: Mar. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	128.125	+	0.375
=	128.5

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. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Hermitage Offshore Services (FRA:N5OA) Effective Interest Rate on Debt % Explanation

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

Hermitage Offshore Services Effective Interest Rate on Debt % Related Terms

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Hermitage Offshore Services (FRA:N5OA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hermitage Offshore Services Ltd (FRA:N5OA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

27 Reid Street, LOM Building, Hamilton, BMU, HM 11

Website

https://www.hermitage-offshore.com

Hermitage Offshore Services Ltd is a platform supply vessel company. The company owns and operates platform supply vessels in the North Sea and in West Africa. Its operating segment is the offshore support vessel market. All the company's vessels operate in the North Sea in both the term and spot market. Its vessels are considered homogeneous and interchangeable as it has approximately the same cargo deck area and capacity.

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