International Speedway (International Speedway) Effective Interest Rate on Debt % : 5.72% (As of Aug. 2019)

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What is International Speedway 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. International Speedway's annualized positive value of Interest Expense for the quarter that ended in Aug. 2019 was $14.6 Mil. International Speedway's average total debt for the quarter that ended in Aug. 2019 was $255.2 Mil. Therefore, International Speedway's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2019 was 5.72%.

International Speedway Effective Interest Rate on Debt % Historical Data

The historical data trend for International Speedway'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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International Speedway Effective Interest Rate on Debt % Chart

International Speedway Annual Data

Trend

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Effective Interest Rate on Debt %

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3.36

3.56

5.23

4.45

4.22

International Speedway Quarterly Data
	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.94	3.93	5.83	5.82	5.72

Competitive Comparison of International Speedway's Effective Interest Rate on Debt %

For the Leisure subindustry, International Speedway'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.

International Speedway's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

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

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

International Speedway Effective Interest Rate on Debt % Calculation

International Speedway's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2017 )	+	Total Debt (A: Nov. 2018 ))	/ count )
=	-1 * -10.862	/	( (259.466	+	255.665)	/ 2 )
=	-1 * -10.862	/	257.5655
=	4.22 %

where

	Total Debt (A: Nov. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	255.612	+	3.854
=	259.466

	Total Debt (A: Nov. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	251.381	+	4.284
=	255.665

International Speedway's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2019 )	+	Total Debt (Q: Aug. 2019 ))	/ count )
=	-1 * -14.588	/	( (255.306	+	255.121)	/ 2 )
=	-1 * -14.588	/	255.2135
=	5.72 %

where

	Total Debt (Q: May. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	250.784	+	4.522
=	255.306

	Total Debt (Q: Aug. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	250.477	+	4.644
=	255.121

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 (Aug. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

International Speedway (OTCPK:ISCB) Effective Interest Rate on Debt % Explanation

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

International Speedway Effective Interest Rate on Debt % Related Terms

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International Speedway (International Speedway) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Speedway Corp (OTCPK:ISCB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

One Daytona Boulevard, Daytona Beach, FL, USA, 32114

Website

http://www.internationalspeedwaycorporation.com

International Speedway operates 13 motorsports stadiums that host more than 100 motorsports events during the racing season, including the famed Daytona 500 and Talladega Superspeedway races. The company has built a casino at its Kansas Speedway in a joint venture with Penn National Gaming. International Speedway is majority-owned by the France family, which also owns privately held NASCAR. About 70% of revenue comes from the motorsports segment, which includes lucrative broadcasting rights.