Entain (LSE:ENT) Effective Interest Rate on Debt % : 7.18% (As of Dec. 2023)

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What is Entain 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. Entain's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £255 Mil. Entain's average total debt for the quarter that ended in Dec. 2023 was £3,545 Mil. Therefore, Entain's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.18%.

Entain Effective Interest Rate on Debt % Historical Data

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

Entain Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.75

3.11

3.08

2.98

6.88

Entain 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															3.26	3.06	3.21	6.68	7.18

Competitive Comparison of Entain's Effective Interest Rate on Debt %

For the Gambling subindustry, Entain'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.

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

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

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

Entain Effective Interest Rate on Debt % Calculation

Entain'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 * -241.8	/	( (3394.9	+	3633.9)	/ 2 )
=	-1 * -241.8	/	3514.4
=	6.88 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2904.9	+	490
=	3394.9

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3249	+	384.9
=	3633.9

Entain'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 * -254.6	/	( (3456.9	+	3633.9)	/ 2 )
=	-1 * -254.6	/	3545.4
=	7.18 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2774.6	+	682.3
=	3456.9

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3249	+	384.9
=	3633.9

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.

Entain (LSE:ENT) Effective Interest Rate on Debt % Explanation

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

Entain Effective Interest Rate on Debt % Related Terms

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Entain (LSE:ENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Entain PLC (LSE:ENT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

GMVHY:USA GMVHF:USA ENTl:UK 6GI0:Germany GVC:Austria

Address

One New Change, London, GBR, EC4M 9AF

Website

https://www.entaingroup.com

Entain PLC is an international sports betting and gaming company operating both online and in the retail sector. It has five reportable segments; Online comprises betting and gaming activities from online and mobile operations, Retail comprises betting and retail activities in the shop estates in Great Britain, Northern Ireland, Jersey, Republic of Ireland, Belgium, Italy, and Croatia, New opportunities unikrn and innovation spend, Corporate includes costs associated with Group functions including Group executive, legal, Group finance, United States joint venture, tax and treasury, and Other segments includes activities related to telephone betting, Stadia and on course pitches.

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