Icon Offshore Bhd (XKLS:5255) Effective Interest Rate on Debt % : 13.06% (As of Dec. 2023)

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What is Icon Offshore Bhd 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. Icon Offshore Bhd's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was RM34.4 Mil. Icon Offshore Bhd's average total debt for the quarter that ended in Dec. 2023 was RM263.6 Mil. Therefore, Icon Offshore Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.06%.

Icon Offshore Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for Icon Offshore Bhd'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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Icon Offshore Bhd Effective Interest Rate on Debt % Chart

Icon Offshore Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.48

4.40

11.01

5.43

7.71

Icon Offshore Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-12.20	5.40	5.92	5.84	13.06

Competitive Comparison of Icon Offshore Bhd's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Icon Offshore Bhd'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.

Icon Offshore Bhd's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Icon Offshore Bhd's Effective Interest Rate on Debt % falls into.

Icon Offshore Bhd Effective Interest Rate on Debt % Calculation

Icon Offshore Bhd'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 * -20.7	/	( (287.409	+	249.351)	/ 2 )
=	-1 * -20.7	/	268.38
=	7.71 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	263.31	+	24.099
=	287.409

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.05	+	249.301
=	249.351

Icon Offshore Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -34.432	/	( (277.946	+	249.351)	/ 2 )
=	-1 * -34.432	/	263.6485
=	13.06 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	233.833	+	44.113
=	277.946

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.05	+	249.301
=	249.351

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

Icon Offshore Bhd (XKLS:5255) Effective Interest Rate on Debt % Explanation

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

Icon Offshore Bhd Effective Interest Rate on Debt % Related Terms

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Icon Offshore Bhd (XKLS:5255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Icon Offshore Bhd (XKLS:5255) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

207, Jalan Tun Razak, 16-01, Level 16, Menara Tan & Tan, Wilayah Persekutuan, Kuala Lumpur, MYS, 50450

Website

https://www.iconoffshore.com.my

Icon Offshore Bhd is an offshore support vessel (OSV) provider in Malaysia. Its business involves vessel owning/leasing activities and the provision of vessel chartering and ship management services to the oil and gas-related industries. The company offers a wide range of logistical support services throughout the entire offshore oil and gas life cycle, from exploration and appraisal, field development, operation, and maintenance, through to decommissioning.

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