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Wynn Resorts (Wynn Resorts) Effective Interest Rate on Debt % : 5.53% (As of Dec. 2023)


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What is Wynn Resorts 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. Wynn Resorts's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $740 Mil. Wynn Resorts's average total debt for the quarter that ended in Dec. 2023 was $13,388 Mil. Therefore, Wynn Resorts's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.53%.


Wynn Resorts Effective Interest Rate on Debt % Historical Data

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

Wynn Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.14 4.69 4.80 5.05 5.55

Wynn Resorts Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.51 5.44 5.51 5.55 5.53

Competitive Comparison of Wynn Resorts's Effective Interest Rate on Debt %

For the Resorts & Casinos subindustry, Wynn Resorts'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.


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

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

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



Wynn Resorts Effective Interest Rate on Debt % Calculation

Wynn Resorts'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  *  -751.509/( (13732.016+13370.086)/ 2 )
=-1  *  -751.509/13551.051
=5.55 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13184.473 + 547.543
=13732.016

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12660.493 + 709.593
=13370.086

Wynn Resorts'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: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -739.82/( (13405.784+13370.086)/ 2 )
=-1  *  -739.82/13387.935
=5.53 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13293.685 + 112.099
=13405.784

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12660.493 + 709.593
=13370.086

* 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.

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


Wynn Resorts  (NAS:WYNN) Effective Interest Rate on Debt % Explanation

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


Wynn Resorts Effective Interest Rate on Debt % Related Terms

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Wynn Resorts (Wynn Resorts) Business Description

Traded in Other Exchanges
Address
3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to open a new building next to its existing Wynn Palace resort in around 2028. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.
Executives
Julie Cameron-doe officer: CFO C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD S., LAS VEGAS NV 89109
Ellen F Whittemore officer: EVP and General Counsel C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Craig Scott Billings officer: CFO and Treasurer C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Patricia Mulroy director C/O WYNN RESORTS LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Paul Albert Liu director C/O WYNN RESORTS, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Betsy S Atkins director
Matt Maddox officer: President C/O WYNN RESORTS LTD, 3145 LAS VEGAS BIVD SOUTH, LAS VEGAS NV 89109
Darnell O. Strom director C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD S., LAS VEGAS NV 89109
Philip G Satre director
Richard J Byrne director 350 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Robert Jos Miller director 6363 SOUTH FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Margaret Jane Myers director C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Winifred Markus Webb director 9330 BALBOA AVE, SAN DIEGO CA 92123
Stephen A Wynn 10 percent owner 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Kimmarie Sinatra officer: EVP/General Counsel/Secretary C/O WYNN RESORTS LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109

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