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Himalaya Shipping (OSTO:HSHIPO) Effective Interest Rate on Debt % : 5.22% (As of Dec. 2023)


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What is Himalaya Shipping 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. Himalaya Shipping's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was kr239.0 Mil. Himalaya Shipping's average total debt for the quarter that ended in Dec. 2023 was kr4,580.3 Mil. Therefore, Himalaya Shipping's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.22%.

Himalaya Shipping Effective Interest Rate on Debt % Historical Data

The historical data trend for Himalaya Shipping'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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Himalaya Shipping Effective Interest Rate on Debt % Chart

Himalaya Shipping Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 0.03 5.41

Himalaya Shipping Quarterly Data
Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 0.43 5.66 5.54 5.22

Competitive Comparison of Himalaya Shipping's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Himalaya Shipping'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.

Himalaya Shipping's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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


Himalaya Shipping Effective Interest Rate on Debt % Calculation

Himalaya Shipping'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  *  -143.482/( (666.314+4636.419)/ 2 )
=-1  *  -143.482/2651.3665
=5.41 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=597.124 + 69.19
=666.314

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4427.594 + 208.825
=4636.419

Himalaya Shipping'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  *  -239.048/( (4524.257+4636.419)/ 2 )
=-1  *  -239.048/4580.338
=5.22 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4345.53 + 178.727
=4524.257

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4427.594 + 208.825
=4636.419

* 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.

Himalaya Shipping  (OSTO:HSHIPO) Effective Interest Rate on Debt % Explanation

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

Himalaya Shipping Effective Interest Rate on Debt % Related Terms

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Himalaya Shipping (OSTO:HSHIPO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Himalaya Shipping Ltd (OSTO:HSHIPO) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
OSTO:VSSAB B OSTO:CCOR B OSTO:GOTL A BSP:PSVM11 OCSE:MAERSK B XTER:HLAG BOM:532921 HKSE:01919 SHSE:600018 TSE:9101 TSE:9104 SHSE:601018 TSE:9107 HKSE:00316 ADX:ADPORTS HKSE:01138 XKRX:011200 PHS:ICT TPE:2603 ADX:ADNOCLS
Traded in Other Exchanges
HSHP:USA HSHP:Norway J1X:Germany
Address
19 Par-la-Ville Road, 1st Floor, Hamilton, BMU, HM 11
Website
https://www.himalaya-shipping.com
Himalaya Shipping Ltd is an independent dry bulk company that focuses on owning and operating its Newcastlemax dry bulk carriers.

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