Mooreast Holdings (SGX:1V3) Effective Interest Rate on Debt % : 5.28% (As of Jun. 2023)

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What is Mooreast Holdings 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. Mooreast Holdings's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was S$2.20 Mil. Mooreast Holdings's average total debt for the quarter that ended in Jun. 2023 was S$41.60 Mil. Therefore, Mooreast Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 5.28%.

Mooreast Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Mooreast Holdings'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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Mooreast Holdings Effective Interest Rate on Debt % Chart

Mooreast Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

3.04

4.27

4.16

Mooreast Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			3.52	4.30	4.36	3.74	5.28

Competitive Comparison of Mooreast Holdings's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Mooreast Holdings'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.

Mooreast Holdings's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Mooreast Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mooreast Holdings Effective Interest Rate on Debt % Calculation

Mooreast Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -1.773	/	( (43.304	+	41.936)	/ 2 )
=	-1 * -1.773	/	42.62
=	4.16 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41.419	+	1.885
=	43.304

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39.992	+	1.944
=	41.936

Mooreast Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -2.198	/	( (41.936	+	41.268)	/ 2 )
=	-1 * -2.198	/	41.602
=	5.28 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39.992	+	1.944
=	41.936

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39.176	+	2.092
=	41.268

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Mooreast Holdings (SGX:1V3) Effective Interest Rate on Debt % Explanation

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

Mooreast Holdings Effective Interest Rate on Debt % Related Terms

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Mooreast Holdings (SGX:1V3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mooreast Holdings Ltd (SGX:1V3) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Shipyard Road, Mooreast Offshore Base, Singapore, SGP, 628139

Website

https://www.mooreast.com

Mooreast Holdings Ltd is a total mooring solutions specialist, serving the offshore oil and gas, marine and offshore renewable energy industries. With strong in-house capabilities in design, engineering and fabrication, the company offers a full range of mooring solutions including the design, engineering, fabrication, supply, mobilisation and logistics, installation and commissioning services for mooring systems and mooring system components as well as the provision of rigging and heavy lifting equipment.

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