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Diamond Offshore Drilling (Diamond Offshore Drilling) Effective Interest Rate on Debt % : 8.83% (As of Dec. 2023)


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What is Diamond Offshore Drilling 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. Diamond Offshore Drilling's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $59 Mil. Diamond Offshore Drilling's average total debt for the quarter that ended in Dec. 2023 was $672 Mil. Therefore, Diamond Offshore Drilling's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.83%.


Diamond Offshore Drilling Effective Interest Rate on Debt % Historical Data

The historical data trend for Diamond Offshore Drilling'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.

* Premium members only.

Diamond Offshore Drilling Effective Interest Rate on Debt % Chart

Diamond Offshore Drilling Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - 8.34 8.95

Diamond Offshore Drilling Quarterly Data
Dec20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 9.06 9.41 10.09 9.30 8.83

Competitive Comparison of Diamond Offshore Drilling's Effective Interest Rate on Debt %

For the Oil & Gas Drilling subindustry, Diamond Offshore Drilling'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.


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

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

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



Diamond Offshore Drilling Effective Interest Rate on Debt % Calculation

Diamond Offshore Drilling'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  *  -53.416/( (522.482+671.111)/ 2 )
=-1  *  -53.416/596.7965
=8.95 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=492.037 + 30.445
=522.482

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=646.715 + 24.396
=671.111

Diamond Offshore Drilling'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  *  -59.388/( (673.643+671.111)/ 2 )
=-1  *  -59.388/672.377
=8.83 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=653.083 + 20.56
=673.643

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=646.715 + 24.396
=671.111

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


Diamond Offshore Drilling  (NYSE:DO) Effective Interest Rate on Debt % Explanation

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


Diamond Offshore Drilling Effective Interest Rate on Debt % Related Terms

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Diamond Offshore Drilling (Diamond Offshore Drilling) Business Description

Industry
Traded in Other Exchanges
Address
15415 Katy Freeway, Houston, TX, USA, 77094
Diamond Offshore Drilling Inc is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 12 offshore drilling rigs, consisting of eight semisubmersibles and four dynamically positioned drillships.
Executives
Dominic A Savarino officer: VP and Chief Acct/Tax Officer 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Patrice D Douglas director 1712 CROSSBOW, EDMOND OK 73034
Benjamin Duster director 200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028
Ane Launy director 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Patrick Carey Lowe director 6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ
Adam C Peakes director 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Bernie G. Wolford director, officer: President and CEO 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 770904
Neal P Goldman director 10700 PARKRIDGE BLVD., RESTON VA 20191
John Hollowell director ONE SHELL PLAZA, 910 LOUISIANA STREET, HOUSTON TX 77002
Raj Iyer director 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Peter Mcteague director 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Alan H Howard director
Anatol Feygin director 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Scott Lee Kornblau officer: Acting Chief Financial Officer 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Thomas Roth officer: Senior Vice President 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094

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