Proximar Seafood AS (OSL:PROXI) Effective Interest Rate on Debt % : 4.50% (As of Mar. 2024)

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What is Proximar Seafood 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. Proximar Seafood AS's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr39.30 Mil. Proximar Seafood AS's average total debt for the quarter that ended in Mar. 2024 was kr873.87 Mil. Therefore, Proximar Seafood AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.50%.

Proximar Seafood AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Proximar Seafood 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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Proximar Seafood AS Effective Interest Rate on Debt % Chart

Proximar Seafood AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.96

6.10

1.11

0.06

1.50

Proximar Seafood AS Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										0.10	0.06	1.05	2.95	4.50

Competitive Comparison of Proximar Seafood AS's Effective Interest Rate on Debt %

For the Farm Products subindustry, Proximar Seafood 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.

Proximar Seafood AS's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Proximar Seafood AS's Effective Interest Rate on Debt % distribution charts can be found below:

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

Proximar Seafood AS Effective Interest Rate on Debt % Calculation

Proximar Seafood AS'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 * -9.987	/	( (459.443	+	872.578)	/ 2 )
=	-1 * -9.987	/	666.0105
=	1.50 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	457.414	+	2.029
=	459.443

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	818.361	+	54.217
=	872.578

Proximar Seafood AS'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 * -39.296	/	( (872.578	+	875.168)	/ 2 )
=	-1 * -39.296	/	873.873
=	4.50 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	818.361	+	54.217
=	872.578

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	873.681	+	1.487
=	875.168

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.

Proximar Seafood AS (OSL:PROXI) Effective Interest Rate on Debt % Explanation

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

Proximar Seafood AS Effective Interest Rate on Debt % Related Terms

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Proximar Seafood AS (OSL:PROXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Proximar Seafood AS (OSL:PROXI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

84Q:Germany

Address

Edvard Griegs vei 3C, Bergen, NOR, 5059

Website

https://www.proximarseafood.com

Proximar Seafood AS is a land-based salmon farming company in the process of constructing a fish farm for Atlantic salmon in Japan. It produces Atlantic salmon which involves free of medication and without impact from traditional challenges such as lice and microplastics and the fish is isolated from the marine surrounding environment.

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