OverActive Media (OverActive Media) Effective Interest Rate on Debt % : 252.65% (As of Mar. 2024)

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What is OverActive Media 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. OverActive Media's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $3.32 Mil. OverActive Media's average total debt for the quarter that ended in Mar. 2024 was $1.31 Mil. Therefore, OverActive Media's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 252.65%.

OverActive Media Effective Interest Rate on Debt % Historical Data

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

OverActive Media Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

197.99

155.41

228.56

365.79

OverActive Media Quarterly Data
	Jun20	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										261.62	311.16	400.20	471.82	252.65

Competitive Comparison of OverActive Media's Effective Interest Rate on Debt %

For the Entertainment subindustry, OverActive Media'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.

OverActive Media's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, OverActive Media's Effective Interest Rate on Debt % distribution charts can be found below:

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

OverActive Media Effective Interest Rate on Debt % Calculation

OverActive Media'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 * -3.764	/	( (1.382	+	0.676)	/ 2 )
=	-1 * -3.764	/	1.029
=	365.79 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.425	+	0.957
=	1.382

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.039	+	0.637
=	0.676

OverActive Media'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 * -3.316	/	( (0.676	+	1.949)	/ 2 )
=	-1 * -3.316	/	1.3125
=	252.65 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.039	+	0.637
=	0.676

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.61	+	1.339
=	1.949

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.

OverActive Media (OTCPK:OAMCF) Effective Interest Rate on Debt % Explanation

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

OverActive Media Effective Interest Rate on Debt % Related Terms

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OverActive Media (OverActive Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » OverActive Media Corp (OTCPK:OAMCF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

OAM:Canada

Address

41 Fraser Avenue, Toronto, ON, CAN, M6K 1Y7

Website

https://www.overactivemedia.com

OverActive Media Corp owns and operates an integrated portfolio of esports teams as well as audience engagement. It is involved in delivering sports, media, and entertainment products focused on esports, video games, content, culture, and live and online events for the next generation of fans. Its segments are Team Operations and Business Operations segments. The company generates maximum revenue from the Team Operations segment. Geographically, it derives a majority of revenue from Canada.