GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enthusiast Gaming Holdings Inc (OTCPK:EGLXF) » Definitions » Effective Interest Rate on Debt %

Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Effective Interest Rate on Debt % : 14.48% (As of Sep. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Enthusiast Gaming 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. Enthusiast Gaming Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $1.8 Mil. Enthusiast Gaming Holdings's average total debt for the quarter that ended in Sep. 2023 was $12.6 Mil. Therefore, Enthusiast Gaming Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 14.48%.

Enthusiast Gaming Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Enthusiast Gaming 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.

* Premium members only.

Enthusiast Gaming Holdings Effective Interest Rate on Debt % Chart

Enthusiast Gaming Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
- 10.30 15.97 11.01 21.57

Enthusiast Gaming Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 9.90 12.61 12.62 13.67 14.48

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

For the Internet Content & Information subindustry, Enthusiast Gaming 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.

Enthusiast Gaming Holdings's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Enthusiast Gaming Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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


Enthusiast Gaming Holdings Effective Interest Rate on Debt % Calculation

Enthusiast Gaming Holdings'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  *  -2.665/( (10.032+14.677)/ 2 )
=-1  *  -2.665/12.3545
=21.57 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.838 + 2.194
=10.032

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.195 + 13.482
=14.677

Enthusiast Gaming Holdings'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  *  -1.828/( (13.026+12.22)/ 2 )
=-1  *  -1.828/12.623
=14.48 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.087 + 3.939
=13.026

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.437 + 3.783
=12.22

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

Enthusiast Gaming Holdings  (OTCPK:EGLXF) Effective Interest Rate on Debt % Explanation

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

Enthusiast Gaming Holdings Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Enthusiast Gaming Holdings's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enthusiast Gaming Holdings Inc (OTCPK:EGLXF) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
TSXV:BILD TSXV:PRSN TSXV:SBIO TSX:FORA XCNQ:APLV TSX:BBTV TSXV:ZOMD TSXV:YOO TSXV:OOOO TSXV:ARD GOOGL META HKSE:00700 XAMS:PRX BIDU SPOT DASH JSE:NPN HKSE:01024 XKRX:035420
Traded in Other Exchanges
2AV:Germany EGLX:Canada
Address
90 Eglinton Avenue East, Suite 805, Toronto, ON, CAN, M4P 2Y3
Website
https://www.enthusiastgaming.com
Enthusiast Gaming Holdings Inc is a gaming company building a media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S. and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides an engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience. It has one segment which is digital media and entertainment. It generates a majority of its revenue from Media and content.