SharpLink Gaming (SharpLink Gaming) Effective Interest Rate on Debt % : 10.12% (As of Mar. 2024)

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What is SharpLink 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. SharpLink Gaming's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1.30 Mil. SharpLink Gaming's average total debt for the quarter that ended in Mar. 2024 was $12.81 Mil. Therefore, SharpLink Gaming's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.12%.

SharpLink Gaming Effective Interest Rate on Debt % Historical Data

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

SharpLink Gaming Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

0.52

7.65

14.84

SharpLink Gaming Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									12.47	12.54	12.38	-0.49	10.12

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

For the Gambling subindustry, SharpLink 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.

SharpLink Gaming's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

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

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

SharpLink Gaming Effective Interest Rate on Debt % Calculation

SharpLink 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 * -1.15	/	( (2.683	+	12.812)	/ 2 )
=	-1 * -1.15	/	7.7475
=	14.84 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.063	+	0.62
=	2.683

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.425	+	11.387
=	12.812

SharpLink 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 * -1.296	/	( (12.812	+	0)	/ 1 )
=	-1 * -1.296	/	12.812
=	10.12 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.425	+	11.387
=	12.812

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

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.

SharpLink Gaming (NAS:SBET) Effective Interest Rate on Debt % Explanation

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

SharpLink Gaming Effective Interest Rate on Debt % Related Terms

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SharpLink Gaming (SharpLink Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SharpLink Gaming Inc (NAS:SBET) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Washington Avenue North, Suite 104, Minneapolis, MN, USA, 55401

Website

https://www.sharplink.com

SharpLink Gaming Ltd is a online technology company that connects sports fans, leagues and sports websites to relevant and timely sports betting content. The Company has four operating segments: Affiliate Marketing Services-United States, Sports Gaming Client Services, Enterprise Telecom Expense Management (TEM) and Affiliate Marketing Services-International. Most of the revenue earned is from United states.

Executives

Thomas A Doering	director	10202 E. JOURNEY LANE, SCOTTSDALE AZ 85255
Robert Michael Delucia	officer: Chief Financial Officer	4400 CARILLON POINT, KIRKLAND WA 98033
Scott J Pollei	director	C/O DOLAN MEDIA COMPANY, 706 SECOND AVENUE SOUTH, SUITE 1200, MINNEAPOLIS MN 55402
Paul Abdo	director	6412 CHEROKEE TRAIL, EDINA MN 55439
Christopher J Nicholas	director, officer: Chief Operating Officer	91 WESTBURY, AVON CT 06001
Rob Phythian	director, officer: Chief Executive Officer	1886 ELEANOR AVENUE, ST. PAUL MN 55116
Joseph Clifford Housman	director	6820 105TH TRN, BROOKLYN PARK MN 55445
David Jay Abbott	officer: Chief Technology Officer	17713 KINGSWAY PATH, LAKEVILLE MN 55044
Adrienne Anderson	director	5911 NW 58TH TERRACE, PARKLAND FL 33067
Mintbroker International, Ltd.	10 percent owner	ELIZABETH AVE. & BAY STREET, NASSAU C5 N-8340