Teekay (HAM:TCD) Effective Interest Rate on Debt % : 12.78% (As of Mar. 2024)

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What is Teekay 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. Teekay's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €18 Mil. Teekay's average total debt for the quarter that ended in Mar. 2024 was €141 Mil. Therefore, Teekay's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.78%.

Teekay Effective Interest Rate on Debt % Historical Data

The historical data trend for Teekay'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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Teekay Effective Interest Rate on Debt % Chart

Teekay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.27

2.81

7.04

4.94

6.55

Teekay 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															8.42	6.11	9.42	7.10	12.78

Competitive Comparison of Teekay's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, Teekay'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.

Teekay's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Teekay Effective Interest Rate on Debt % Calculation

Teekay'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 * -25.684	/	( (575.987	+	208.346)	/ 2 )
=	-1 * -25.684	/	392.1665
=	6.55 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	481.434	+	94.553
=	575.987

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	154.311	+	54.035
=	208.346

Teekay'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 * -18.02	/	( (208.346	+	73.559)	/ 2 )
=	-1 * -18.02	/	140.9525
=	12.78 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	154.311	+	54.035
=	208.346

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.436	+	31.123
=	73.559

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.

Teekay (HAM:TCD) Effective Interest Rate on Debt % Explanation

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

Teekay Effective Interest Rate on Debt % Related Terms

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Teekay (HAM:TCD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Corp (HAM:TCD) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

TK:USA TK:Mexico TCD:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Corp is engaged in providing crude oil and gas marine transportation services. It also offers offshore oil production, storage, and offloading services, primarily under long-term, fixed-rate contracts. The company has three primary lines of business: offshore production (FPSO units), operational and maintenance marine services, and conventional tankers. It manages these businesses for the benefit of all stakeholders. The company serves energy and utility companies, oil traders, large oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation.

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