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FG Group Holdings (FG Group Holdings) Effective Interest Rate on Debt % : 4.44% (As of Sep. 2023)


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What is FG Group 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. FG Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.73 Mil. FG Group Holdings's average total debt for the quarter that ended in Sep. 2023 was $16.48 Mil. Therefore, FG Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 4.44%.


FG Group Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for FG Group 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.

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FG Group Holdings Effective Interest Rate on Debt % Chart

FG Group Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.07 2.65 4.36 3.60 4.32

FG Group 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 4.24 5.07 4.67 3.50 4.44

Competitive Comparison of FG Group Holdings's Effective Interest Rate on Debt %

For the Leisure subindustry, FG Group 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.


FG Group Holdings's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

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

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



FG Group Holdings Effective Interest Rate on Debt % Calculation

FG Group 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  *  -0.347/( (7.289+8.77)/ 2 )
=-1  *  -0.347/8.0295
=4.32 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.691 + 3.598
=7.289

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.811 + 2.959
=8.77

FG Group 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  *  -0.732/( (21.272+11.697)/ 2 )
=-1  *  -0.732/16.4845
=4.44 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.83 + 15.442
=21.272

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.949 + 5.748
=11.697

* 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.


FG Group Holdings  (AMEX:FGH) Effective Interest Rate on Debt % Explanation

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


FG Group Holdings Effective Interest Rate on Debt % Related Terms

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FG Group Holdings (FG Group Holdings) Business Description

Traded in Other Exchanges
N/A
Address
5960 Fairview Road, Suite 275, Charlotte, NC, USA, 28210
FG Group Holdings Inc is a holding company with business operations in the entertainment industry and holdings in public and privately held companies. It manufactures and distributes projection screens and provides technical support services and other related products and services to the cinema exhibition industry, theme parks, schools, museums, and other entertainment-related markets. It also distributes and supports third-party products, including digital projectors, servers, library management systems, menu boards, and sound systems. It generates majority revenue from Strong Entertainment business segment.
Executives
Fundamental Global Gp, Llc 10 percent owner 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117
Ballantyne Strong Holdings, Llc 10 percent owner 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117
Joseph H Moglia 10 percent owner AMERITRADE HOLDING CORP, 4211 S 102ND ST, OMAHA NE 68127
Kyle Cerminara director, 10 percent owner C/O FUNDAMENTAL GLOBAL INVESTORS, LLC, 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117
Michael C Mitchell director C/O BALLANTYNE STRONG, INC., 4201 CONGRESS STREET, SUITE 175, CHARLOTTE NC 28209
Swets Larry G Jr director 105 S. MAPLE ST., ITASCA IL 60143
Fundamental Global Investors, Llc director, 10 percent owner 136 CORPORATE PARK DRIVE, SUITE G, MOORESVILLE NC 28117
Todd Robert Major officer: CFO, Sec. & Treas. 4201 CONGRESS STREET, SUITE 175, CHARLOTTE NC 28209
Lewis M Johnson director, 10 percent owner C/O FUNDAMENTAL GLOBAL INVESTORS, LLC, 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117
Mark D. Roberson officer: CFO 27271 LAS RAMBLAS, STE. 200, MISSION VIEJO CA 92691
Jack H Jacobs director 101 OAKS ROAD, MILLINGTON NJ 07946
Stephen L. Schilling officer: President, CMS C/O BALLANTYNE STRONG, INC., 13710 FNB PARKWAY, SUITE 400, OMAHA NE 68154
Lance V. Schulz officer: CFO C/O BALLANTYNE STRONG, INC., 11422 MIRACLE HILLS DRIVE, SUITE 300, OMAHA NE 68154
Robert J Roschman director 1759 SE 10TH STREET, FORT LAUDERDALE FL 33316
Ryan M. Burke officer: SVP & CFO C/O BALLANTYNE STRONG, INC., 13710 FNB PARKWAY, SUITE 400, OMAHA NE 68154