Beerenberg AS (OSL:BBERG) Effective Interest Rate on Debt % : 25.00% (As of Dec. 2023)

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What is Beerenberg AS 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. Beerenberg AS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was kr151 Mil. Beerenberg AS's average total debt for the quarter that ended in Dec. 2023 was kr605 Mil. Therefore, Beerenberg AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 25.00%.

Beerenberg AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Beerenberg AS'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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Beerenberg AS Effective Interest Rate on Debt % Chart

Beerenberg AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

12.54

11.29

12.21

18.77

Beerenberg AS Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	9.57	14.99	9.81	25.00

Competitive Comparison of Beerenberg AS's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Beerenberg AS'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.

Beerenberg AS's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Beerenberg AS Effective Interest Rate on Debt % Calculation

Beerenberg AS'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 * -110.95	/	( (706.063	+	476.375)	/ 2 )
=	-1 * -110.95	/	591.219
=	18.77 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.095	+	679.968
=	706.063

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	412.32	+	64.055
=	476.375

Beerenberg AS'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -151.3	/	( (734	+	476.375)	/ 2 )
=	-1 * -151.3	/	605.1875
=	25.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	433	+	301
=	734

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	412.32	+	64.055
=	476.375

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

Beerenberg AS (OSL:BBERG) Effective Interest Rate on Debt % Explanation

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

Beerenberg AS Effective Interest Rate on Debt % Related Terms

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Beerenberg AS (OSL:BBERG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

ZA9:Germany

Address

Kokstaddalen 33, P.O.Box 273, Slåtthaug, Bergen, NOR, N-5851

Website

https://www.beerenberg.com

Beerenberg AS is a company engaged in contract work, production, industrial maintenance, trading, agency and commission work, and to take interests in other enterprises engaged in similar activities. Its Business activities include innovative service solutions for the oil and gas industry, covering the entire life cycle from field studies and newbuilds to maintenance, modifications, and lifetime extensions. The business area Services include Beerenberg´s core ISS disciplines Insulation, Scaffolding and Surface treatment, as well as passive fire protection, technical cleaning, rope access techniques, robotic surface treatment, architectural outfitting services.

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