Loop Media (Loop Media) Effective Interest Rate on Debt % : 43.59% (As of Mar. 2024)

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What is Loop Media 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. Loop Media's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $2.92 Mil. Loop Media's average total debt for the quarter that ended in Mar. 2024 was $6.69 Mil. Therefore, Loop Media's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 43.59%.

Loop Media Effective Interest Rate on Debt % Historical Data

The historical data trend for Loop Media'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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Loop Media Effective Interest Rate on Debt % Chart

Loop Media Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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10.33

72.24

64.08

51.65

Loop Media 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															40.12	40.09	41.36	54.70	43.59

Competitive Comparison of Loop Media's Effective Interest Rate on Debt %

For the Broadcasting subindustry, Loop Media'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.

Loop Media's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Loop Media's Effective Interest Rate on Debt % distribution charts can be found below:

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

Loop Media Effective Interest Rate on Debt % Calculation

Loop Media's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -3.802	/	( (7.177	+	7.545)	/ 2 )
=	-1 * -3.802	/	7.361
=	51.65 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.101	+	0.076
=	7.177

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.435	+	5.11
=	7.545

Loop Media'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 * -2.916	/	( (7.109	+	6.27)	/ 2 )
=	-1 * -2.916	/	6.6895
=	43.59 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.441	+	6.668
=	7.109

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.352	+	3.918
=	6.27

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.

Loop Media (AMEX:LPTV) Effective Interest Rate on Debt % Explanation

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

Loop Media Effective Interest Rate on Debt % Related Terms

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Loop Media (Loop Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Loop Media Inc (AMEX:LPTV) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2600 West Olive Avenue, Suite 5470, Burbank, CA, USA, 91505

Website

https://www.loop.tv

Loop Media Inc is a multichannel digital video platform media company that uses marketing technology. The company is focused on premium short-form video. It offers music videos and film, game, and TV trailers which can be viewed in hospitality, dining, and retail venues, on branded media and entertainment sites, and on over-the-top TV platforms and IPTV devices.

Executives

Excel Family Partners Lllp	10 percent owner	700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Jon Maxwell Niermann Living Trust	10 percent owner	700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Cassidy Bruce A. Sr.	director, 10 percent owner	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
David Saint-fleur	director	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Denise M. Penz	director	C/O LOOP MEDIA, INC., 700 N. CENTRAL AVE., SUITE 430, GLENDALE CA 91203
Bruce A. Cassidy 2013 Irrevocable Trust	10 percent owner	8060 COW CAMP LANE, SARASOTA FL 34240
Bob Gruters	officer: Chief Revenue Officer	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Andy Schuon	officer: Head of Loop Studios	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Sonya Zilka	director	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Neil T Watanabe	officer: Chief Financial Officer	13245 RIVERSIDE DRIVE, SUITE 450, SHERMAN OAKS CA 91423
Liam Mccallum	officer: Chief Product and Tech Officer	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Cerna James J Jr	officer: Chief Financial Officer	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Jon M Niermann	director, 10 percent owner, officer: Chief Executive Officer	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Pioneer Productions Llc	10 percent owner	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Running Wind Llc	10 percent owner	1879 HAZELTON DRIVE, GERMANTOWN TN 38138