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Eitzen Chemical ASA (OSTO:ECHEMO) Effective Interest Rate on Debt % : 5.64% (As of Jun. 2020)


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What is Eitzen Chemical 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. Eitzen Chemical ASA's annualized positive value of Interest Expense for the quarter that ended in Jun. 2020 was kr97 Mil. Eitzen Chemical ASA's average total debt for the quarter that ended in Jun. 2020 was kr1,726 Mil. Therefore, Eitzen Chemical ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 was 5.64%.


Eitzen Chemical ASA Effective Interest Rate on Debt % Historical Data

The historical data trend for Eitzen Chemical 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.

* Premium members only.

Eitzen Chemical ASA Effective Interest Rate on Debt % Chart

Eitzen Chemical ASA Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.27 4.82 6.46 7.52 8.21

Eitzen Chemical ASA Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.59 6.76 6.50 5.95 5.64

Competitive Comparison of Eitzen Chemical ASA's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Eitzen Chemical 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.


Eitzen Chemical ASA's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

* The bar in red indicates where Eitzen Chemical ASA's Effective Interest Rate on Debt % falls into.



Eitzen Chemical ASA Effective Interest Rate on Debt % Calculation

Eitzen Chemical ASA's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2018 )+Total Debt  (A: Dec. 2019 ))/ count )
=-1  *  -140.684/( (1654.196+1770.879)/ 2 )
=-1  *  -140.684/1712.5375
=8.21 %

where

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1465.815 + 188.381
=1654.196

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1381.836 + 389.043
=1770.879

Eitzen Chemical ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2020 )+Total Debt  (Q: Jun. 2020 ))/ count )
=-1  *  -97.428/( (1886.192+1566.262)/ 2 )
=-1  *  -97.428/1726.227
=5.64 %

where

Total Debt  (Q: Mar. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1480.594 + 405.598
=1886.192

Total Debt  (Q: Jun. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1222.283 + 343.979
=1566.262

* 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.

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. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Eitzen Chemical ASA  (OSTO:ECHEMO) Effective Interest Rate on Debt % Explanation

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


Eitzen Chemical ASA Effective Interest Rate on Debt % Related Terms

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Eitzen Chemical ASA (OSTO:ECHEMO) Business Description

Industry
Traded in Other Exchanges
N/A
Address
20 Reid Street, Williams House, 4th Floor, Hamilton, BMU, HM 11
Team Tankers International Ltd is a marine chemical and related products transportation company. It operates through chemical tanker segment and engaged in the transportation of organic chemicals, non-organic chemicals, clean and dirty petroleum products, vegetable oils and lube oils. The geographical area of operation include USA, Europe, Asia, Africa, North America and Oceania of which the USA delivers major revenue for the company.

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