MultiMetaVerse Holdings (MultiMetaVerse Holdings) Effective Interest Rate on Debt % : 4.23% (As of Dec. 2023)

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What is MultiMetaVerse Holdings 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. MultiMetaVerse Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.18 Mil. MultiMetaVerse Holdings's average total debt for the quarter that ended in Dec. 2023 was $27.80 Mil. Therefore, MultiMetaVerse Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.23%.

MultiMetaVerse Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for MultiMetaVerse Holdings'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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MultiMetaVerse Holdings Effective Interest Rate on Debt % Chart

MultiMetaVerse Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

1.04

0.26

2.86

4.82

MultiMetaVerse Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	2.73	3.27	5.00	4.23

Competitive Comparison of MultiMetaVerse Holdings's Effective Interest Rate on Debt %

For the Entertainment subindustry, MultiMetaVerse Holdings'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.

MultiMetaVerse Holdings's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, MultiMetaVerse Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

MultiMetaVerse Holdings Effective Interest Rate on Debt % Calculation

MultiMetaVerse Holdings'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 * -1.183	/	( (20.557	+	28.555)	/ 2 )
=	-1 * -1.183	/	24.556
=	4.82 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.401	+	1.156
=	20.557

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.204	+	4.351
=	28.555

MultiMetaVerse Holdings'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 * -1.176	/	( (27.042	+	28.555)	/ 2 )
=	-1 * -1.176	/	27.7985
=	4.23 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.565	+	3.477
=	27.042

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.204	+	4.351
=	28.555

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.

MultiMetaVerse Holdings (NAS:MMV) Effective Interest Rate on Debt % Explanation

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

MultiMetaVerse Holdings Effective Interest Rate on Debt % Related Terms

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MultiMetaVerse Holdings (MultiMetaVerse Holdings) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 718, Lingshi Road, Building D3, Jingan District, Shanghai, CHN, 200072

Website

MultiMetaVerse Holdings Ltd is an animation and entertainment company. It is devoted to establishing an open community for its global users comprised of animation viewers, game players, and content creators and to providing high-quality and immersive entertainment experiences by way of original content, user-generated content, and professional user-generated content.