Norwegian Car Carriers ASA (LTS:0MVU) Effective Interest Rate on Debt % : 5.05% (As of Jun. 2014)

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What is Norwegian Car Carriers 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. Norwegian Car Carriers ASA's annualized positive value of Interest Expense for the quarter that ended in Jun. 2014 was £7.83 Mil. Norwegian Car Carriers ASA's average total debt for the quarter that ended in Jun. 2014 was £155.03 Mil. Therefore, Norwegian Car Carriers ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2014 was 5.05%.

Norwegian Car Carriers ASA Effective Interest Rate on Debt % Historical Data

The historical data trend for Norwegian Car Carriers 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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Norwegian Car Carriers ASA Effective Interest Rate on Debt % Chart

Norwegian Car Carriers ASA Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Effective Interest Rate on Debt %

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17.53

12.02

7.65

5.48

5.50

Norwegian Car Carriers ASA Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.13	5.16	5.41	5.09	5.05

Competitive Comparison of Norwegian Car Carriers ASA's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Norwegian Car Carriers 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.

Norwegian Car Carriers ASA's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

* The bar in red indicates where Norwegian Car Carriers ASA's Effective Interest Rate on Debt % falls into.

Norwegian Car Carriers ASA Effective Interest Rate on Debt % Calculation

Norwegian Car Carriers ASA's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2012 )	+	Total Debt (A: Dec. 2013 ))	/ count )
=	-1 * -9.266	/	( (172.256	+	164.761)	/ 2 )
=	-1 * -9.266	/	168.5085
=	5.50 %

where

	Total Debt (A: Dec. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	157.022	+	15.234
=	172.256

	Total Debt (A: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	146.938	+	17.823
=	164.761

Norwegian Car Carriers ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2014 )	+	Total Debt (Q: Jun. 2014 ))	/ count )
=	-1 * -7.832	/	( (156.944	+	153.107)	/ 2 )
=	-1 * -7.832	/	155.0255
=	5.05 %

where

	Total Debt (Q: Mar. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	122.103	+	34.841
=	156.944

	Total Debt (Q: Jun. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	101.841	+	51.266
=	153.107

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 (Jun. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Norwegian Car Carriers ASA (LTS:0MVU) Effective Interest Rate on Debt % Explanation

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

Norwegian Car Carriers ASA Effective Interest Rate on Debt % Related Terms

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Norwegian Car Carriers ASA (LTS:0MVU) Business Description

Industry

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Address

Website

http://www.noccasa.no

Norwegian Car Carriers ASA charters its vessels to major operators which enter into shipment contracts with car manufacturers and car traders. At the end of April 2013 the Company has a fleet of 13 vessels of which 3 vessels are partly owned. Its fleet is spread over three sub-segments, five large car carriers with a capacity of around 6 500 CEU, five medium sized car carriers of a capacity of 4 300- 5 400 CEU and three small combined car carriers and ro-ro vessels.

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