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Box Ships (Box Ships) Effective Interest Rate on Debt % : 4.20% (As of Dec. 2015)


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What is Box Ships 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. Box Ships's annualized positive value of Interest Expense for the quarter that ended in Dec. 2015 was $5.21 Mil. Box Ships's average total debt for the quarter that ended in Dec. 2015 was $124.09 Mil. Therefore, Box Ships's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2015 was 4.20%.


Box Ships Effective Interest Rate on Debt % Historical Data

The historical data trend for Box Ships'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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Box Ships Effective Interest Rate on Debt % Chart

Box Ships Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 4.11 4.35 4.48 4.23 3.65

Box Ships Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Dec16
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 4.29 4.22 4.25 4.20 -

Competitive Comparison of Box Ships's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Box Ships'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.


Box Ships's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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



Box Ships Effective Interest Rate on Debt % Calculation

Box Ships's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2015 )+Total Debt  (A: Dec. 2016 ))/ count )
=-1  *  -4.482/( (122.763+0)/ 1 )
=-1  *  -4.482/122.763
=3.65 %

where

Total Debt  (A: Dec. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 122.763
=122.763

Box Ships's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2015 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2015 )+Total Debt  (Q: Dec. 2015 ))/ count )
=-1  *  -5.212/( (125.425+122.763)/ 2 )
=-1  *  -5.212/124.094
=4.20 %

where

Total Debt  (Q: Sep. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 125.425
=125.425

Total Debt  (Q: Dec. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 122.763
=122.763

* 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 (Dec. 2015) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Box Ships  (OTCPK:TEUFF) Effective Interest Rate on Debt % Explanation

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


Box Ships Effective Interest Rate on Debt % Related Terms

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Box Ships (Box Ships) Business Description

Industry
Traded in Other Exchanges
N/A
Address
15, Karamanli Avenue, Voula, GRC, GR 16673
Box Ships Inc is a shipping company specializing in the transportation of containers and the provision of commercial management services to shipping companies. The time charter generates maximum revenue for the company.

Box Ships (Box Ships) Headlines

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