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Harbor Star Shipping Services (PHS:TUGS) Effective Interest Rate on Debt % : 7.75% (As of Sep. 2024)


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What is Harbor Star Shipping Services 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. Harbor Star Shipping Services's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₱267 Mil. Harbor Star Shipping Services's average total debt for the quarter that ended in Sep. 2024 was ₱3,440 Mil. Therefore, Harbor Star Shipping Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 7.75%.


Harbor Star Shipping Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Harbor Star Shipping Services'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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Harbor Star Shipping Services Effective Interest Rate on Debt % Chart

Harbor Star Shipping Services 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 7.02 6.48 6.54 7.25 7.52

Harbor Star Shipping Services 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 7.85 8.15 7.52 7.62 7.75

Competitive Comparison of Harbor Star Shipping Services's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Harbor Star Shipping Services'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.


Harbor Star Shipping Services's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

* The bar in red indicates where Harbor Star Shipping Services's Effective Interest Rate on Debt % falls into.


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Harbor Star Shipping Services Effective Interest Rate on Debt % Calculation

Harbor Star Shipping Services'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  *  -280.161/( (3846.515+3601.141)/ 2 )
=-1  *  -280.161/3723.828
=7.52 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3536.325 + 310.19
=3846.515

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3334.285 + 266.856
=3601.141

Harbor Star Shipping Services'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  *  -266.532/( (3476.059+3403.71)/ 2 )
=-1  *  -266.532/3439.8845
=7.75 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3297.709 + 178.35
=3476.059

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3304.03 + 99.68
=3403.71

* 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.


Harbor Star Shipping Services  (PHS:TUGS) Effective Interest Rate on Debt % Explanation

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


Harbor Star Shipping Services Effective Interest Rate on Debt % Related Terms

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Harbor Star Shipping Services Business Description

Traded in Other Exchanges
N/A
Address
2224 A. Bonifacio Street, Corner Pres. Sergio Osmena Highway, Bangkal, Makati, PHL, 1233
Harbor Star Shipping Services Inc is an integrated maritime service provider. The service lines include harbor assistance, lighterage, towing, ship salvage, marine construction, repair, and maintenance works, wreck removal, firefighting, oil spill abatement and recovery, handling hazardous chemicals, ship and crew management, diving and underwater marine works. Other marine services include oil and chemical spill response, diving and underwater work, and ship and crew management. The company operates in two segments; Harbor assistance and Renewable energy. It generates the majority of the revenue from the Harbor assistance segment.

Harbor Star Shipping Services Headlines

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