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Everi Holdings (Everi Holdings) Effective Interest Rate on Debt % : 8.04% (As of Dec. 2023)


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What is Everi 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. Everi Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $78.6 Mil. Everi Holdings's average total debt for the quarter that ended in Dec. 2023 was $977.7 Mil. Therefore, Everi Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.04%.


Everi Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Everi 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.

* Premium members only.

Everi Holdings Effective Interest Rate on Debt % Chart

Everi Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.84 6.63 5.85 5.66 7.90

Everi Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.00 7.35 8.28 8.19 8.04

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

For the Gambling subindustry, Everi 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.


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

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

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



Everi Holdings Effective Interest Rate on Debt % Calculation

Everi Holdings'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  *  -77.693/( (984.502+981.544)/ 2 )
=-1  *  -77.693/983.023
=7.90 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=971.995 + 12.507
=984.502

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=968.465 + 13.079
=981.544

Everi Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -78.648/( (973.847+981.544)/ 2 )
=-1  *  -78.648/977.6955
=8.04 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=969.347 + 4.5
=973.847

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=968.465 + 13.079
=981.544

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Everi Holdings  (NYSE:EVRI) Effective Interest Rate on Debt % Explanation

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


Everi Holdings Effective Interest Rate on Debt % Related Terms

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Everi Holdings (Everi Holdings) Business Description

Traded in Other Exchanges
Address
7250 South Tenaya Way, Suite 100, Las Vegas, NV, USA, 89113
Everi Holdings Inc provides entertainment and technology solutions for the casino, interactive, and gaming industry. It operates in two segments namely Games and Financial Technology Solutions (FinTech). Enveri Games provides gaming operators with gaming technology products and services which include gaming machines, slot machines, leased gaming equipment, and other products and services. Enveri FinTech provides gaming operators with financial technology products and services which include services and equipment that facilitate casino patron's to access cash at gaming facilities through automated teller machines, point-of-sale debit card purchases and others.
Executives
Randy L Taylor officer: EVP & CFO C/O CITADEL BROADCASTING CORP, CITY CENTER W 7201 W LAKE MEAD BLVD, LAS VEGAS NV 89128
Michael D Rumbolz director 3201 WEST COUNTY ROAD 42, SUITE 106, BURNSVILLE MN 55306
Secil Tabli Watson director 504 REDWOOD BLVD., STE. 100, NOVATO CA 94947
Geoffrey P Judge director 3525 EAST POST ROAD, SUITE 200, LAS VEGAS NV 89120
Debra Nutton director 7250 SOUTH TENAYA WAY, SUITE 100, LAS VEGAS NV 89113
Todd Valli officer: SVP, CAO 7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113
David Lucchese officer: EVP 7250 S. TENAYA WAY #100, LAS VEGAS NV 89113
Paul Jr Finch director 2525 HORIZON LAKE DR STE 120, MEMPHIS TN 38133
Ronald V Congemi director 3525 EAST POST ROAD, SUITE 120, LAS VEGAS NV 89120
Darren Simmons officer: EVP 7250 S. TENAYA WAY SUITE 100, LAS VEGAS NV 89113
Dean A Ehrlich officer: EVP 7250 S. TENAYA WAY SUITE 100, LAS VEGAS NV 89113
Linster W Fox director ANACOMP, INC.,, 15378 AVENUE OF SCIENCE, SAN DIEGO CA 92128
Eileen F Raney director 7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113
Mark F. Labay officer: EVP, CFO 7250 S TENAYA WAY SUITE 100, LAS VEGAS NV 89113
Kate C. Lowenhar-fisher officer: EVP, Chief Legal Officer 7250 SOUTH TENAYA WAY, SUITE 100, LAS VEGAS NV 89113