Stainless Tankers ASA (FRA:ZC0) Effective Interest Rate on Debt % : 10.23% (As of Dec. 2024)

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What is Stainless Tankers ASA 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. Stainless Tankers ASA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was €7.22 Mil. Stainless Tankers ASA's average total debt for the quarter that ended in Dec. 2024 was €70.56 Mil. Therefore, Stainless Tankers ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 10.23%.

Stainless Tankers ASA Effective Interest Rate on Debt % Historical Data

The historical data trend for Stainless Tankers ASA'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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Stainless Tankers ASA Effective Interest Rate on Debt % Chart

Stainless Tankers ASA Annual Data

Trend

Dec23

Dec24

Effective Interest Rate on Debt %

5.34

10.63

Stainless Tankers ASA Quarterly Data
	Feb23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			9.22	10.38	10.61	10.62	10.23

Competitive Comparison of Stainless Tankers ASA's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Stainless Tankers ASA'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.

Stainless Tankers ASA's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Stainless Tankers ASA's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Stainless Tankers ASA's Effective Interest Rate on Debt % falls into.

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Stainless Tankers ASA Effective Interest Rate on Debt % Calculation

Stainless Tankers ASA's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -7.925	/	( (77.625	+	71.506)	/ 2 )
=	-1 * -7.925	/	74.5655
=	10.63 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.696	+	8.929
=	77.625

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62.151	+	9.355
=	71.506

Stainless Tankers ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -7.216	/	( (69.607	+	71.506)	/ 2 )
=	-1 * -7.216	/	70.5565
=	10.23 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60.844	+	8.763
=	69.607

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62.151	+	9.355
=	71.506

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

Stainless Tankers ASA (FRA:ZC0) Effective Interest Rate on Debt % Explanation

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

Stainless Tankers ASA Effective Interest Rate on Debt % Related Terms

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Stainless Tankers ASA Business Description

Industry

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STST:Norway

Address

Henrik Ibsens gate 90, Oslo, NOR, 0255

Website

https://www.stainlesstankers.com

Stainless Tankers ASA is a shipping company specializing in providing seaborne transportation of chemical cargoes world-wide. The Company provides investors with pure-play stainless steel chemical tanker exposure in an investor-friendly structure through its fleet of seven stainless steel vessels.

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