Overseas Shipholding Group (FRA:OV6) Effective Interest Rate on Debt % : 4.68% (As of Mar. 2024)

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What is Overseas Shipholding Group 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. Overseas Shipholding Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €25.0 Mil. Overseas Shipholding Group's average total debt for the quarter that ended in Mar. 2024 was €533.3 Mil. Therefore, Overseas Shipholding Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.68%.

Overseas Shipholding Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Overseas Shipholding Group'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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Overseas Shipholding Group Effective Interest Rate on Debt % Chart

Overseas Shipholding Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.92

3.28

4.55

5.26

4.99

Overseas Shipholding Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.00	5.10	5.13	4.85	4.68

Competitive Comparison of Overseas Shipholding Group's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, Overseas Shipholding Group'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.

Overseas Shipholding Group's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Overseas Shipholding Group Effective Interest Rate on Debt % Calculation

Overseas Shipholding Group'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 * -28.625	/	( (620.271	+	526.261)	/ 2 )
=	-1 * -28.625	/	573.266
=	4.99 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	534.347	+	85.924
=	620.271

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	426.696	+	99.565
=	526.261

Overseas Shipholding Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -24.956	/	( (526.261	+	540.399)	/ 2 )
=	-1 * -24.956	/	533.33
=	4.68 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	426.696	+	99.565
=	526.261

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	429.094	+	111.305
=	540.399

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

Overseas Shipholding Group (FRA:OV6) Effective Interest Rate on Debt % Explanation

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

Overseas Shipholding Group Effective Interest Rate on Debt % Related Terms

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Overseas Shipholding Group (FRA:OV6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Overseas Shipholding Group Inc (FRA:OV6) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

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Traded in Other Exchanges

OSG:USA 19O:Germany

Address

302 Knights Run Avenue, Tampa, FL, USA, 33602

Website

https://www.osg.com

Overseas Shipholding Group Inc is a tanker company which owns and operates a fleet of oceangoing vessels. It provides energy transportation services, delivering crude oil and petroleum products in the U.S. The company owns and operates a combined fleet of approximately 21 vessels registered in the United States. The company operates in the segment of the U.S. Flag Fleet. Majority of the company's revenue is generated in the form of time charters.

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