Hapag-Lloyd AG (MIL:1HLAG) Effective Interest Rate on Debt % : 0.28% (As of Sep. 2024)

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What is Hapag-Lloyd AG 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. Hapag-Lloyd AG's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €16 Mil. Hapag-Lloyd AG's average total debt for the quarter that ended in Sep. 2024 was €5,769 Mil. Therefore, Hapag-Lloyd AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.28%.

Hapag-Lloyd AG Effective Interest Rate on Debt % Historical Data

The historical data trend for Hapag-Lloyd AG'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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Hapag-Lloyd AG Effective Interest Rate on Debt % Chart

Hapag-Lloyd AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.97

5.96

4.58

4.15

4.47

Hapag-Lloyd AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.02	4.29	5.21	5.72	0.28

Competitive Comparison of Hapag-Lloyd AG's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Hapag-Lloyd AG'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.

Hapag-Lloyd AG's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hapag-Lloyd AG's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hapag-Lloyd AG's Effective Interest Rate on Debt % falls into.

Hapag-Lloyd AG Effective Interest Rate on Debt % Calculation

Hapag-Lloyd AG'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 * -234.1	/	( (5436.8	+	5030.6)	/ 2 )
=	-1 * -234.1	/	5233.7
=	4.47 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4044.9	+	1391.9
=	5436.8

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3772.9	+	1257.7
=	5030.6

Hapag-Lloyd AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -16	/	( (5778.2	+	5760.6)	/ 2 )
=	-1 * -16	/	5769.4
=	0.28 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4420.1	+	1358.1
=	5778.2

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4425.6	+	1335
=	5760.6

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

Hapag-Lloyd AG (MIL:1HLAG) Effective Interest Rate on Debt % Explanation

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

Hapag-Lloyd AG Effective Interest Rate on Debt % Related Terms

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Hapag-Lloyd AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hapag-Lloyd AG (MIL:1HLAG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

HLAGF:USA HPGLY:USA 0RCG:UK HLAG:Germany HLAG:Austria

Address

Ballindamm 25, Hamburg, DEU, 20095

Website

https://www.hapag-lloyd.com

German-listed Hapag-Lloyd AG operates global trade, shipping, inland services, and terminals assets globally. Hapag-Lloyd liner shipping, the largest contributor to group revenue and earnings, has the fifth-largest shipping capacity globally. Hapag also provides various services such as e-business solutions, inland services, and terminal operations.

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