Debt Service Per Day

Debt Service Per Day is calculated by taking the total debt service during a period and dividing it by the number of days in the period but adjusted for off-hire. For example, if the debt service (scheduled loan repayments plus interest payments) for a period is USD1.2 million over 182 days and the expected off-hire in the same period is five days, then the debt service per day would be USD1.2 million divided by 177, which is USD6,780 per day.

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