Ocean GeoLoop AS (OSL:OCEAN) Effective Interest Rate on Debt % : 19.85% (As of Dec. 2024)

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What is Ocean GeoLoop AS 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. Ocean GeoLoop AS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was kr0.7 Mil. Ocean GeoLoop AS's average total debt for the quarter that ended in Dec. 2024 was kr3.6 Mil. Therefore, Ocean GeoLoop AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 19.85%.

Ocean GeoLoop AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Ocean GeoLoop AS'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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Ocean GeoLoop AS Effective Interest Rate on Debt % Chart

Ocean GeoLoop AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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3.14

29.79

11.47

Ocean GeoLoop AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					71.90	107.12	-	-	19.85

Competitive Comparison of Ocean GeoLoop AS's Effective Interest Rate on Debt %

For the Pollution & Treatment Controls subindustry, Ocean GeoLoop AS'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.

Ocean GeoLoop AS's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ocean GeoLoop AS's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Ocean GeoLoop AS Effective Interest Rate on Debt % Calculation

Ocean GeoLoop AS'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 * -0.391	/	( (2.615	+	4.202)	/ 2 )
=	-1 * -0.391	/	3.4085
=	11.47 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.615	+	0
=	2.615

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.258	+	0.944
=	4.202

Ocean GeoLoop AS'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: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.718	/	( (3.033	+	4.202)	/ 2 )
=	-1 * -0.718	/	3.6175
=	19.85 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.033	+	0
=	3.033

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.258	+	0.944
=	4.202

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

Ocean GeoLoop AS (OSL:OCEAN) Effective Interest Rate on Debt % Explanation

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

Ocean GeoLoop AS Effective Interest Rate on Debt % Related Terms

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Ocean GeoLoop AS Business Description

Industry

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Address

Neptunvegen 6, Verdal, NOR, 7652

Website

https://www.oceangeoloop.com

Ocean GeoLoop AS is a green tech company aiming to use nature's own way of solving challenges in a circular way. The company develops, pilots, and commercializes multifunctional environmental technologies, including point source carbon capture. It is based on long-term systematic research and method development, connected in a holistic concept with the objective of solving the greatest challenges of the time; a combined climate, environment, and resource crisis.

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