BlueBet Holdings (ASX:BBT) Effective Interest Rate on Debt % : 104.75% (As of Dec. 2023)

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What is BlueBet 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. BlueBet Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.94 Mil. BlueBet Holdings's average total debt for the quarter that ended in Dec. 2023 was A$0.90 Mil. Therefore, BlueBet Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 104.75%.

BlueBet Holdings Effective Interest Rate on Debt % Historical Data

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

BlueBet Holdings Annual Data

Trend

Jun22

Jun23

Effective Interest Rate on Debt %

0.55

40.65

BlueBet Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			9.61	-4.75	3.61	82.11	104.75

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

For the Gambling subindustry, BlueBet 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.

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

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

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

BlueBet Holdings Effective Interest Rate on Debt % Calculation

BlueBet Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.466	/	( (1.283	+	1.01)	/ 2 )
=	-1 * -0.466	/	1.1465
=	40.65 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.794	+	0.489
=	1.283

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.565	+	0.445
=	1.01

BlueBet 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 * -0.938	/	( (1.01	+	0.781)	/ 2 )
=	-1 * -0.938	/	0.8955
=	104.75 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.565	+	0.445
=	1.01

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.333	+	0.448
=	0.781

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.

BlueBet Holdings (ASX:BBT) Effective Interest Rate on Debt % Explanation

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

BlueBet Holdings Effective Interest Rate on Debt % Related Terms

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BlueBet Holdings (ASX:BBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BlueBet Holdings Ltd (ASX:BBT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

BlueBet Holdings Ltd is engaged in providing sports and race betting services in Australia. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue.

BlueBet Holdings (ASX:BBT) Headlines

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