Kenilworth Systems (Kenilworth Systems) Effective Interest Rate on Debt % : 4.79% (As of Mar. 2024)

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What is Kenilworth Systems 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. Kenilworth Systems's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Kenilworth Systems's average total debt for the quarter that ended in Mar. 2024 was $0.08 Mil. Therefore, Kenilworth Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.79%.

Kenilworth Systems Effective Interest Rate on Debt % Historical Data

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

Kenilworth Systems Annual Data

Trend

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Effective Interest Rate on Debt %

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Kenilworth Systems Quarterly Data
	Mar11	Jun11	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															-	350.00	-	-	4.79

Competitive Comparison of Kenilworth Systems's Effective Interest Rate on Debt %

For the Leisure subindustry, Kenilworth Systems'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.

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

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

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

Kenilworth Systems Effective Interest Rate on Debt % Calculation

Kenilworth Systems'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 * -0.001	/	( (300.008	+	0.069)	/ 2 )
=	-1 * -0.001	/	150.0385
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	300.008
=	300.008

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.069
=	0.069

Kenilworth Systems'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 * -0.004	/	( (0.069	+	0.098)	/ 2 )
=	-1 * -0.004	/	0.0835
=	4.79 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.069
=	0.069

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.098
=	0.098

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.

Kenilworth Systems (OTCPK:KENS) Effective Interest Rate on Debt % Explanation

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

Kenilworth Systems Effective Interest Rate on Debt % Related Terms

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Kenilworth Systems (Kenilworth Systems) Business Description

Industry

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

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Traded in Other Exchanges

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Address

721 Beach Street, Daytona Beach, FL, USA, 32114

Website

http://www.kenilworthsys.com

Kenilworth Systems Corp is a leader in developing state of the art online wagering technology for casino clients. The company uses systems which are provide highly secure connection between a casino and a client that transmits real time high-definition video directly from a live game to the client; and carries two-way game and player-specific wagering data. The business activities are functioned through Las Vegas and London.

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