PCFBF (Pacific Basin Shipping) Effective Interest Rate on Debt % : 7.07% (As of Jun. 2024)

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What is Pacific Basin Shipping 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. Pacific Basin Shipping's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $25 Mil. Pacific Basin Shipping's average total debt for the quarter that ended in Jun. 2024 was $357 Mil. Therefore, Pacific Basin Shipping's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 7.07%.

Pacific Basin Shipping Effective Interest Rate on Debt % Historical Data

The historical data trend for Pacific Basin Shipping'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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Pacific Basin Shipping Effective Interest Rate on Debt % Chart

Pacific Basin Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.43

3.75

3.55

4.21

5.82

Pacific Basin Shipping Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.84	4.84	5.57	6.13	7.07

Competitive Comparison of Pacific Basin Shipping's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Pacific Basin Shipping'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.

Pacific Basin Shipping's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pacific Basin Shipping's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Pacific Basin Shipping's Effective Interest Rate on Debt % falls into.

Pacific Basin Shipping Effective Interest Rate on Debt % Calculation

Pacific Basin Shipping'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 * -24.408	/	( (471.899	+	366.252)	/ 2 )
=	-1 * -24.408	/	419.0755
=	5.82 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	314.192	+	157.707
=	471.899

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	280.742	+	85.51
=	366.252

Pacific Basin Shipping's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -25.224	/	( (366.252	+	347.21)	/ 2 )
=	-1 * -25.224	/	356.731
=	7.07 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	280.742	+	85.51
=	366.252

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	270.488	+	76.722
=	347.21

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

Pacific Basin Shipping (OTCPK:PCFBF) Effective Interest Rate on Debt % Explanation

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

Pacific Basin Shipping Effective Interest Rate on Debt % Related Terms

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Pacific Basin Shipping Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pacific Basin Shipping Ltd (OTCPK:PCFBF) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

PCFBY:USA 02343:Hong Kong OYD:Germany OYD:Germany

Address

2 Heung Yip Road, 31st Floor One Island South, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.pacificbasin.com

Pacific Basin Shipping Ltd is an investment holding company engaged in the provision of dry bulk shipping services internationally including Asia, America, Europe, Africa, Middle East and India, and Australia and New Zealand. The company generates revenue from shipping activities, the principal sources of which are derived from Handysize and Supramax vessels.