Rivalry (Rivalry) Effective Interest Rate on Debt % : 5.20% (As of Sep. 2023)

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What is Rivalry 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. Rivalry's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.02 Mil. Rivalry's average total debt for the quarter that ended in Sep. 2023 was $0.31 Mil. Therefore, Rivalry's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 5.20%.

Rivalry Effective Interest Rate on Debt % Historical Data

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

Rivalry Annual Data

Trend

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

4.00

2.79

0.86

Rivalry Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								14.81	-	1.13	5.90	5.20

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

For the Gambling subindustry, Rivalry'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.

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

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

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

Rivalry Effective Interest Rate on Debt % Calculation

Rivalry'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 * -0.002	/	( (0.109	+	0.357)	/ 2 )
=	-1 * -0.002	/	0.233
=	0.86 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.014	+	0.095
=	0.109

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.24	+	0.117
=	0.357

Rivalry'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 * -0.016	/	( (0.327	+	0.288)	/ 2 )
=	-1 * -0.016	/	0.3075
=	5.20 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.184	+	0.143
=	0.327

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.145	+	0.143
=	0.288

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.

Rivalry (OTCPK:RVLCF) Effective Interest Rate on Debt % Explanation

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

Rivalry Effective Interest Rate on Debt % Related Terms

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Rivalry (Rivalry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rivalry Corp (OTCPK:RVLCF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

RVLY:Canada

Address

116 Spadina Avenue, Suite 701, Toronto, ON, CAN, M5V 2K6

Website

https://www.rivalry.com

Rivalry Corp is a Canada based company. The company operates in the Sportsbook segment and Gaming segment. Sportsbook generates revenues from esports and traditional sports betting. Gaming segment revenues are earned from originally developed and third-party casino products such as Rushlane and Aviator.