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SeaBird Exploration (OSTO:SBXO) Effective Interest Rate on Debt % : 12.89% (As of Sep. 2024)


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What is SeaBird Exploration 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. SeaBird Exploration's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was kr19.9 Mil. SeaBird Exploration's average total debt for the quarter that ended in Sep. 2024 was kr154.3 Mil. Therefore, SeaBird Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 12.89%.


SeaBird Exploration Effective Interest Rate on Debt % Historical Data

The historical data trend for SeaBird Exploration'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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SeaBird Exploration Effective Interest Rate on Debt % Chart

SeaBird Exploration Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.64 10.83 5.59 12.27 16.44

SeaBird Exploration 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 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 13.85 13.52 12.07 12.69 12.89

Competitive Comparison of SeaBird Exploration's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, SeaBird Exploration'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.


SeaBird Exploration's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, SeaBird Exploration's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where SeaBird Exploration's Effective Interest Rate on Debt % falls into.



SeaBird Exploration Effective Interest Rate on Debt % Calculation

SeaBird Exploration'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  *  -27.302/( (160.917+171.259)/ 2 )
=-1  *  -27.302/166.088
=16.44 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 160.917
=160.917

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=138.355 + 32.904
=171.259

SeaBird Exploration'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  *  -19.884/( (157.809+150.756)/ 2 )
=-1  *  -19.884/154.2825
=12.89 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=125.145 + 32.664
=157.809

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=117.879 + 32.877
=150.756

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


SeaBird Exploration  (OSTO:SBXO) Effective Interest Rate on Debt % Explanation

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


SeaBird Exploration Effective Interest Rate on Debt % Related Terms

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SeaBird Exploration Business Description

Industry
Traded in Other Exchanges
Address
Sandviksbodene 68, Bergen, NOR, 5035
SeaBird Exploration PLC is engaged in providing marine 2D and 3D seismic data for the oil and gas industry. The services provided by the company include 3D and 3D water acquisition, source vessel, 2D seismic acquisition, and Multi-client. Geographically, the company operates in Europe, the Middle East & Africa (EMEA), North & South America (NSA), and the Asia Pacific (APAC) region.

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