Caravelle International Group (Caravelle International Group) Effective Interest Rate on Debt % : 2.48% (As of Apr. 2023)

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What is Caravelle International 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. Caravelle International Group's annualized positive value of Interest Expense for the quarter that ended in Apr. 2023 was $0.1 Mil. Caravelle International Group's average total debt for the quarter that ended in Apr. 2023 was $4.2 Mil. Therefore, Caravelle International Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2023 was 2.48%.

Caravelle International Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Caravelle International 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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Caravelle International Group Effective Interest Rate on Debt % Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Effective Interest Rate on Debt %

0.62

1.19

1.24

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			1.32	1.07	1.26	1.85	2.48

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

For the Marine Shipping subindustry, Caravelle International 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.

Caravelle International Group's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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

Caravelle International Group Effective Interest Rate on Debt % Calculation

Caravelle International Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2021 )	+	Total Debt (A: Oct. 2022 ))	/ count )
=	-1 * -0.102	/	( (10.808	+	5.619)	/ 2 )
=	-1 * -0.102	/	8.2135
=	1.24 %

where

	Total Debt (A: Oct. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.37	+	7.438
=	10.808

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.367	+	3.252
=	5.619

Caravelle International Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2022 )	+	Total Debt (Q: Apr. 2023 ))	/ count )
=	-1 * -0.104	/	( (5.619	+	2.782)	/ 2 )
=	-1 * -0.104	/	4.2005
=	2.48 %

where

	Total Debt (Q: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.367	+	3.252
=	5.619

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.491	+	0.291
=	2.782

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

Caravelle International Group (NAS:CACO) Effective Interest Rate on Debt % Explanation

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

Caravelle International Group Effective Interest Rate on Debt % Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.