Bristow Group (Bristow Group) Effective Interest Rate on Debt % : 4.55% (As of Mar. 2024)

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What is Bristow Group 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. Bristow Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $38 Mil. Bristow Group's average total debt for the quarter that ended in Mar. 2024 was $834 Mil. Therefore, Bristow Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.55%.

Bristow Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Bristow Group'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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Bristow Group Effective Interest Rate on Debt % Chart

Bristow Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Dec23

Effective Interest Rate on Debt %

6.19

5.50

5.31

Bristow Group Quarterly Data
	Mar19	Jun19	Sep19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														5.35	4.64	4.78	5.40	4.55

Competitive Comparison of Bristow Group's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Bristow Group'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.

Bristow Group's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Bristow Group Effective Interest Rate on Debt % Calculation

Bristow Group'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: Mar. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -41.417	/	( (720.975	+	838.315)	/ 2 )
=	-1 * -41.417	/	779.645
=	5.31 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	638.35	+	82.625
=	720.975

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	749.78	+	88.535
=	838.315

Bristow Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -37.888	/	( (838.315	+	828.848)	/ 2 )
=	-1 * -37.888	/	833.5815
=	4.55 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	749.78	+	88.535
=	838.315

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	739.859	+	88.989
=	828.848

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

Bristow Group (NYSE:VTOL) Effective Interest Rate on Debt % Explanation

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

Bristow Group Effective Interest Rate on Debt % Related Terms

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Bristow Group (Bristow Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bristow Group Inc (NYSE:VTOL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3151 Briarpark Drive, 7th Floor, Suite 700, Houston, TX, USA, 77042

Website

https://www.bristowgroup.com

Bristow Group Inc is the provider of vertical flight solutions. It provides aviation services to a broad base of major integrated, national and independent energy companies. The company provides commercial search and rescue (SAR) services in multiple countries and public sector SAR services in the United Kingdom on behalf of the Maritime & Coastguard Agency (MCA). Additionally, it offers fixed wing transportation and other aviation related solutions. Its oil and gas customers charter its helicopters to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. It has customers in Australia, Brazil, Canada, Chile, Colombia, Guyana, India, Mexico, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K and the United States.

Executives

Solus Alternative Asset Management Lp	10 percent owner	25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Wesley E. Kern	director	5004 GREGORY PLACE, WEST LAKE HILLS TX 78746
Jennifer Dawn Whalen	officer: SVP, CFO	13103 SHOALWATER LANE, PEARLAND TX 77584
David F. Stepanek	officer: Executive VP and COO	2001 SE EVANGELINE THRUWAY, LAFAYETTE LA 70508
Stuart Stavley	officer: COO, Offshore Energy Services	CITYCENTRE TWO, 818 TOWN & COUNTRY BLVD., SUITE 200, HOUSTON TX 77024
Elizabeth Matthews	officer: See remarks.	3151 BRIARPARK DRIVE, SUITE 700, HOUSTON TX 77042
Brian D. Truelove	director	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Christopher Scott Bradshaw	director, officer: President and CEO	CITYCENTRE TWO, 818 TOWN & COUNTRY BLVD., SUITE 200, HOUSTON TX 33316
George Mark Mickelson	director	101 N. MAIN AVENUE, STE. 321, SIOUX FALLS SD 57104
Solus Gp Llc	10 percent owner	C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Christopher Pucillo	director, 10 percent owner	C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Richard E Tatum	officer: VP, Chief Accounting Officer	11700 KATY FREEWAY, SUITE 175, HOUSTON TX 77079
Robert Manzo	director	PARK 80 W PLZ 2, SADDLE BROOK NJ 07663
Crystal L Gordon	officer: SVP, General Counsel	945 BUNKER HILL, SUITE 650, HOUSTON TX 77024
Maryanne Miller	director	3151 BRIARPARK DRIVE, SUITE 700, HOUSTON TX 77042