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EBET (EBET) Effective Interest Rate on Debt % : 15.13% (As of Mar. 2024)


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What is EBET 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. EBET's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $6.82 Mil. EBET's average total debt for the quarter that ended in Mar. 2024 was $45.06 Mil. Therefore, EBET's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 15.13%.


EBET Effective Interest Rate on Debt % Historical Data

The historical data trend for EBET'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.

* Premium members only.

EBET Effective Interest Rate on Debt % Chart

EBET Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
- 128.21 158.66 58.86 47.93

EBET Quarterly Data
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 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 31.53 107.46 15.75 15.24 15.13

Competitive Comparison of EBET's Effective Interest Rate on Debt %

For the Gambling subindustry, EBET'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.


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

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

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



EBET Effective Interest Rate on Debt % Calculation

EBET'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  *  -17.113/( (31.591+39.812)/ 2 )
=-1  *  -17.113/35.7015
=47.93 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.258 + 21.333
=31.591

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.56 + 39.252
=39.812

EBET'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  *  -6.82/( (43.445+46.683)/ 2 )
=-1  *  -6.82/45.064
=15.13 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.573 + 42.872
=43.445

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.586 + 46.097
=46.683

* 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.


EBET  (OTCPK:EBET) Effective Interest Rate on Debt % Explanation

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


EBET Effective Interest Rate on Debt % Related Terms

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EBET (EBET) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3960 Howard Hughes Parkway, Suite 500, Las Vegas, NV, USA, 89169
EBET Inc is a technology company developing and operating platforms focused on esports and competitive gaming. It operates a licensed online gambling platform, which is an esports/sportsbook focused on bettors located in Asia and Latin America. It offers real-money betting on esports events from around the world in a secure environment. It accepts wagers on esports titles including Counter-Strike: GO, League of Legends, Dota 2, StarCraft 2, Rocket League, Rainbow Six, Warcraft 3, King of Glory, and FIFA, as well as professional sports including the NFL, NBA, MLB, soccer and more. The company's Brands Includes; Gogawi, Karamba, Griffon Casino, Generation VIP, and Others.
Executives
Aaron Speach director, officer: Chief Executive Officer C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101
Cp Bf Lending, Llc 10 percent owner 1910 FAIRVIEW AVE E, SUITE 300, SEATTLE WA 98102
Matthew Lourie officer: Chief Financial Officer C/O EBET, INC., 197 E. CALIFORNIA AVE STE 302, LAS VEGAS NV 89104
Ebjt Management Llc 10 percent owner 5874 LUSTROUS COURT, LAS VEGAS NV 89148
Christopher Downs director 31700 RESEARCH PARK DRIVE, MADISON HEIGHTS MI 48071
Michael Nicklas director C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101
Dennis Neilander director C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101
James Joseph Purcell officer: Chief Financial Officer C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101
Bart Barden officer: Chief Operating Officer C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101