Gulf Marine Services (LSE:GMS) Effective Interest Rate on Debt % : 8.91% (As of Jun. 2024)

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What is Gulf Marine 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. Gulf Marine Services's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was £18.7 Mil. Gulf Marine Services's average total debt for the quarter that ended in Jun. 2024 was £209.5 Mil. Therefore, Gulf Marine Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 8.91%.

Gulf Marine Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Gulf Marine 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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Gulf Marine Services Effective Interest Rate on Debt % Chart

Gulf Marine Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.56

6.72

4.47

5.10

9.52

Gulf Marine Services Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.87	6.20	10.29	8.97	8.91

Competitive Comparison of Gulf Marine Services's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Gulf Marine 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.

Gulf Marine Services's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Gulf Marine Services Effective Interest Rate on Debt % Calculation

Gulf Marine Services'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 * -23.464	/	( (272.25	+	220.643)	/ 2 )
=	-1 * -23.464	/	246.4465
=	9.52 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	246.105	+	26.145
=	272.25

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	186.576	+	34.067
=	220.643

Gulf Marine Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -18.676	/	( (220.643	+	198.434)	/ 2 )
=	-1 * -18.676	/	209.5385
=	8.91 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	186.576	+	34.067
=	220.643

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.027	+	195.407
=	198.434

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 two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Gulf Marine Services (LSE:GMS) Effective Interest Rate on Debt % Explanation

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

Gulf Marine Services Effective Interest Rate on Debt % Related Terms

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Gulf Marine Services Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GMSl:UK G0M:Germany

Address

P.O. Box 46046, Abu Dhabi, ARE

Website

https://www.gmsplc.com

Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). Its assets provide a stable platform for the delivery of a range of services performed by the company's clients throughout the total lifecycle of offshore oil, gas, and renewable energy activities. Its operating business segments include K-Class vessels, which include the Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, and Pepper vessels; S-Class vessels, which include the Shamal, Scirocco, and Sharqi vessels, E-Class vessels, which include the Endeavour, Endurance, Enterprise and Evolution vessels; and Other vessels segment.