Paradise Entertainment (HKSE:01180) Effective Interest Rate on Debt % : 7.70% (As of Dec. 2023)

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What is Paradise Entertainment 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. Paradise Entertainment's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$18.0 Mil. Paradise Entertainment's average total debt for the quarter that ended in Dec. 2023 was HK$234.3 Mil. Therefore, Paradise Entertainment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.70%.

Paradise Entertainment Effective Interest Rate on Debt % Historical Data

The historical data trend for Paradise Entertainment'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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Paradise Entertainment Effective Interest Rate on Debt % Chart

Paradise Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.70

2.49

2.62

4.00

8.66

Paradise Entertainment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.58	3.39	4.77	7.90	7.70

Competitive Comparison of Paradise Entertainment's Effective Interest Rate on Debt %

For the Resorts & Casinos subindustry, Paradise Entertainment'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.

Paradise Entertainment's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Paradise Entertainment's Effective Interest Rate on Debt % distribution charts can be found below:

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

Paradise Entertainment Effective Interest Rate on Debt % Calculation

Paradise Entertainment'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 * -18.648	/	( (224.714	+	206.153)	/ 2 )
=	-1 * -18.648	/	215.4335
=	8.66 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	139.947	+	84.767
=	224.714

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	154.557	+	51.596
=	206.153

Paradise Entertainment'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 * -18.044	/	( (262.399	+	206.153)	/ 2 )
=	-1 * -18.044	/	234.276
=	7.70 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	181.657	+	80.742
=	262.399

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	154.557	+	51.596
=	206.153

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.

Paradise Entertainment (HKSE:01180) Effective Interest Rate on Debt % Explanation

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

Paradise Entertainment Effective Interest Rate on Debt % Related Terms

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Paradise Entertainment (HKSE:01180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Paradise Entertainment Ltd (HKSE:01180) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PDSSF:USA LIL3:Germany

Address

Unit C, 19th Floor, 30 Queen's Road Central, Entertainment Building, Hong Kong, HKG

Website

https://www.hk1180.com

Paradise Entertainment Ltd is an investment holding company. The company, through its subsidiaries, engages in the development, supply, and sales of electronic gaming systems and the provision of casino management services. The operating segment of the company is divided into two segments: Casino management services engaged in the provision of casino management services in Macau; and Gaming systems engaged in the development, sale and leasing of electronic gaming equipment and systems and royalty income. It generates the majority of its revenue from Casino Service.

Executives

Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you

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