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GAN (GAN) Effective Interest Rate on Debt % : 9.64% (As of Mar. 2024)


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What is GAN 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. GAN's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $4.5 Mil. GAN's average total debt for the quarter that ended in Mar. 2024 was $47.0 Mil. Therefore, GAN's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.64%.


GAN Effective Interest Rate on Debt % Historical Data

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

GAN Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 2.12 63.50 0.54 - -

GAN Quarterly Data
Jun19 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 Premium Member Only 24.15 10.29 11.56 - 9.64

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

For the Gambling subindustry, GAN'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.


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

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

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



GAN Effective Interest Rate on Debt % Calculation

GAN'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/( (28.352+46.57)/ 2 )
=-1  *  0/37.461
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=28.157 + 0.195
=28.352

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=45.766 + 0.804
=46.57

GAN'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  *  -4.528/( (46.57+47.415)/ 2 )
=-1  *  -4.528/46.9925
=9.64 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=45.766 + 0.804
=46.57

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=46.614 + 0.801
=47.415

* 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.


GAN  (NAS:GAN) Effective Interest Rate on Debt % Explanation

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


GAN Effective Interest Rate on Debt % Related Terms

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GAN (GAN) Business Description

Industry
Traded in Other Exchanges
Address
400 Spectrum Center Drive, Suite 1900, Irvine, CA, USA, 92618
GAN Ltd provides Software-as-a-Service solutions for online casino gaming and sports betting applications. The company has two operating segments B2B and B2C. The B2B segment develops, markets, and sells instances of GameSTACK, GAN Sports, and iSight Back Office technology that incorporates comprehensive player registration, account funding, and back-office accounting and management tools that enable the casino operators to efficiently, confidently, and effectively extend their presence online in places that have permitted online real money gaming, and The B2C segment, which includes the operations of Coolbet, develops and operates a B2C online sports betting and casino platform that is accessible through its website in markets across Northern Europe, Latin America, and Canada.
Executives
Giuseppe Gardali officer: President, B2B 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Endre Nesset officer: President, B2C 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Brian P Chang officer: Interim CFO 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Eric J Green director C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135
Seamus M Mcgill director C/O GAN LIMITED,, 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Dermot S. Smurfit director, officer: President, CEO 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Karen Flores director, officer: EVP, Chief Financial Officer 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Sylvia Tiscareno officer: Chief Legal Officer 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Glenn Anders Karlsen officer: CEO, Coolbet 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Simon Knock officer: EVP, Chief Information Officer 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Michael Arouh officer: Chief Legal Officer 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Michael Jr. Smurfit director 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Susan Bracey director C/O YOUBET.COM, INC., 2600 WEST OLIVE AVENUE, 5TH FLOOR, BURBANK CA 91505
David Goldberg director C/O GAN LIMITED, 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Jan Roos officer: Chief Technology Officer 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618