Champion Gaming Group (Champion Gaming Group) Effective Interest Rate on Debt % : 25.96% (As of Sep. 2023)

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What is Champion Gaming Group 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. Champion Gaming Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.49 Mil. Champion Gaming Group's average total debt for the quarter that ended in Sep. 2023 was $1.90 Mil. Therefore, Champion Gaming Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 25.96%.

Champion Gaming Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Champion Gaming Group'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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Champion Gaming Group Effective Interest Rate on Debt % Chart

Champion Gaming Group Annual Data

Trend

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

34.56

15.39

Champion Gaming Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							18.94	19.28	23.05	25.01	25.96

Competitive Comparison of Champion Gaming Group's Effective Interest Rate on Debt %

For the Electronic Gaming & Multimedia subindustry, Champion Gaming Group'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.

Champion Gaming Group's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Champion Gaming Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Champion Gaming Group's Effective Interest Rate on Debt % falls into.

Champion Gaming Group Effective Interest Rate on Debt % Calculation

Champion Gaming Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.16	/	( (0.654	+	1.425)	/ 2 )
=	-1 * -0.16	/	1.0395
=	15.39 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.501	+	0.153
=	0.654

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.882	+	0.543
=	1.425

Champion Gaming Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.492	/	( (1.887	+	1.904)	/ 2 )
=	-1 * -0.492	/	1.8955
=	25.96 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.874	+	1.013
=	1.887

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.204	+	1.7
=	1.904

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

Champion Gaming Group (OTCPK:WGRFF) Effective Interest Rate on Debt % Explanation

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

Champion Gaming Group Effective Interest Rate on Debt % Related Terms

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Champion Gaming Group (Champion Gaming Group) Business Description

Industry

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Traded in Other Exchanges

WAGR:Canada

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.championgaming.com

Champion Gaming Group Inc is a sports intelligence destination for teams, media, bettors, players, and fans. Its sports betting companies fulfil its core segments: proprietary data, advanced analytics, and expert content. The company's products are built with one simple mission - to give its customers the winning edge.

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