Corsair Gaming (Corsair Gaming) Effective Interest Rate on Debt % : 6.20% (As of Mar. 2024)

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What is Corsair Gaming 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. Corsair Gaming's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $15 Mil. Corsair Gaming's average total debt for the quarter that ended in Mar. 2024 was $238 Mil. Therefore, Corsair Gaming's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.20%.

Corsair Gaming Effective Interest Rate on Debt % Historical Data

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

Corsair Gaming Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.66

7.34

3.95

3.17

6.43

Corsair Gaming Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.94	6.36	6.16	6.70	6.20

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

For the Computer Hardware subindustry, Corsair Gaming'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.

Corsair Gaming's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Corsair Gaming's Effective Interest Rate on Debt % distribution charts can be found below:

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

Corsair Gaming Effective Interest Rate on Debt % Calculation

Corsair Gaming'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 * -17.42	/	( (295.173	+	246.504)	/ 2 )
=	-1 * -17.42	/	270.8385
=	6.43 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	277.627	+	17.546
=	295.173

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	224.593	+	21.911
=	246.504

Corsair Gaming's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -14.764	/	( (246.504	+	230.045)	/ 2 )
=	-1 * -14.764	/	238.2745
=	6.20 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	224.593	+	21.911
=	246.504

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	208.681	+	21.364
=	230.045

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Corsair Gaming (NAS:CRSR) Effective Interest Rate on Debt % Explanation

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

Corsair Gaming Effective Interest Rate on Debt % Related Terms

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Corsair Gaming (Corsair Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Corsair Gaming Inc (NAS:CRSR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

CRSR:Mexico 6C2:Germany 6C2:Germany

Address

115 N. McCarthy Boulevard, Milpitas, CA, USA, 95035

Website

https://www.corsair.com

Corsair Gaming Inc is engaged in the business of providing high-performance gear for gamers and content creators. The product portfolio includes Cases, Keyboards, Mice, Headsets, Power Supplies, Gaming Computers, Gaming Chairs, Mousepads, and other related products. The company operates in two segments namely, Gamer and Creator peripherals, which is the key revenue-generating segment; and Gaming Components and systems. Geographically, the group derives revenue from the Americas, Europe and the Middle East, and the Asia Pacific.

Executives

Thi L La	officer: Chief Operating Officer	C/O CORSAIR GAMING, INC., 47100 BAYSIDE PARKWAY, FREMONT CA 94538
Michael G Potter	officer: Chief Financial Officer	5555 NE MOORE CT., HILLSBORO OR 97124
Majoros George L. Jr.	director, 10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Anup Bagaria	director, 10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Corsair Group (cayman), Lp	10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Samuel R. Szteinbaum	director	CORSAIR COMPONENTS INC., 46221 LANDING PARKWAY, FREMONT CA 94538
Sarah Mears Kim	director	C/O CORSAIR GAMING, INC., 47100 BAYSIDE PKWY, FREMONT CA 94538
Bertrand Chevalier	officer: Chief Sales Officer	C/O CORSAIR GAMING, INC., 47100 BAYSIDE PARKWAY, FREMONT CA 94538
Andrew J. Paul	director, officer: See Remarks	CORSAIR COMPONENTS INC., 46221 LANDING PARKWAY, FREMONT CA 94538
Randall J Weisenburger	director	C/O WASSERSTEIN PERELLA GROUP, 31 WEST 52ND ST 26TH FLOOR, NEW YORK NY 10019
Eagletree-carbide (gp), Llc	10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Gregg A Lakritz	officer: Controller	C/O CORSAIR GAMING, INC., 47100 BAYSIDE PARKWAY, FREMONT CA 94538
Stuart A Martin	director	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Diana L. Bell	director	CORSAIR COMPONENTS INC., 46221 LANDING PARKWAY, FREMONT CA 94538
Eagletree Partners Iv Ultimate Gp, Llc	10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036