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SRM Entertainment (SRM Entertainment) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is SRM Entertainment 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. SRM Entertainment's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. SRM Entertainment's average total debt for the quarter that ended in Mar. 2024 was $0.00 Mil. Therefore, SRM Entertainment's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was N/A%.


SRM Entertainment Effective Interest Rate on Debt % Historical Data

The historical data trend for SRM Entertainment'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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SRM Entertainment Effective Interest Rate on Debt % Chart

SRM Entertainment Annual Data
Trend Dec22 Dec23
Effective Interest Rate on Debt %
2.01 3.76

SRM Entertainment Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial 5.90 - 33.08 - -

Competitive Comparison of SRM Entertainment's Effective Interest Rate on Debt %

For the Leisure subindustry, SRM Entertainment'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.


SRM Entertainment's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

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

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



SRM Entertainment Effective Interest Rate on Debt % Calculation

SRM Entertainment'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  *  -0.056/( (1.491+0)/ 1 )
=-1  *  -0.056/1.491
=3.76 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.483 + 0.008
=1.491

SRM Entertainment'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/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

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


SRM Entertainment  (NAS:SRM) Effective Interest Rate on Debt % Explanation

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


SRM Entertainment Effective Interest Rate on Debt % Related Terms

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SRM Entertainment (SRM Entertainment) Business Description

Traded in Other Exchanges
N/A
Address
1061 E Indiantown Road, Suite 110, Jupiter, FL, USA, 33477
SRM Entertainment Inc is a trusted toy and souvenir designer and developer, selling into the world's largest theme parks and entertainment venues. SRM has developed, manufactured, and supplied the entertainment and amusement park industry with exclusive products that are often only available to consumers inside SRM's worldwide customer bases venues such as Walt Disney Parks and Resorts, Universal Studios, SeaWorld, Six Flags, Great Wolf Lodge, Dollywood, and Merlin Entertainment.
Executives
Hans Haywood director 1061 E. INDIANTOWN ROAD, SUITE 110, JUPITER FL 33477
Brian John director, officer: Secretary 1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426
Gary L Herman director 720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019
Douglas O Mckinnon officer: Chief Financial Officer 2104 RIDGE PLAZA DR, CASTLE ROCK CO 80108
Christopher Melton director C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Richard A Miller director, officer: Chief Executive Officer 1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426
Jupiter Wellness, Inc. 10 percent owner 1061 E. INDIANTOWN RD., STE. 110, JUPITER FL 33477
Taft Bryan Flittner officer: President 1129 WILKINSON STREET, ORLANDO FL 32803
Deborah Lynn Mcdaniel-hand officer: VP of Production Development 1425 WAKULLA WAY, ORLANDO FL 32839