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Audacy (Audacy) Effective Interest Rate on Debt % : 6.34% (As of Dec. 2023)


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What is Audacy 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. Audacy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $137 Mil. Audacy's average total debt for the quarter that ended in Dec. 2023 was $2,160 Mil. Therefore, Audacy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.34%.


Audacy Effective Interest Rate on Debt % Historical Data

The historical data trend for Audacy'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.

Audacy Effective Interest Rate on Debt % Chart

Audacy 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 5.20 4.36 4.35 4.95 6.22

Audacy 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 5.76 5.92 6.10 6.46 6.34

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

For the Broadcasting subindustry, Audacy'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.


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

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

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



Audacy Effective Interest Rate on Debt % Calculation

Audacy'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  *  -133.105/( (2117.831+2163.456)/ 2 )
=-1  *  -133.105/2140.6435
=6.22 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2077.016 + 40.815
=2117.831

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=201.802 + 1961.654
=2163.456

Audacy'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  *  -136.948/( (2156.534+2163.456)/ 2 )
=-1  *  -136.948/2159.995
=6.34 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=194.185 + 1962.349
=2156.534

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=201.802 + 1961.654
=2163.456

* 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.


Audacy  (OTCPK:AUDAQ) Effective Interest Rate on Debt % Explanation

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


Audacy Effective Interest Rate on Debt % Related Terms

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Audacy (Audacy) Business Description

Traded in Other Exchanges
N/A
Address
2400 Market Street, 4th Floor, Philadelphia, PA, USA, 19103
Audacy Inc is a scaled, multi-platform audio content and entertainment company engaged in the segment of audio. It is a creator of original, premium audio. It brings people together around the news, sports, podcasts, and music that matter to them.
Executives
John David Crowley officer: EVP & Chief Digital Officer 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
David J Field director, officer: Chairman, President and CEO 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Monique Nelson director 2400 MARKET STREET, FOURTH FLOOR, PHILADELPHIA PA 19103
Joel Hollander director
David J Berkman director 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
David Levy director 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Mark R Laneve director 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Susan K Neely director 401 E. CITY AVENUE, SUITE 809, BALA CYNWYD PA 19004
Joseph M Field director, 10 percent owner, officer: Chairman Emeritus 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Brian F Benedik officer: Chief Revenue Officer 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Elizabeth Bramowski officer: Principal Acctg Ofcr & Treasr 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Susan Larkin officer: EVP & Chief Operating Officer 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Sutor Andrew P Iv officer: Exec. Vice Pres. & Secretary 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Richard J Schmaeling officer: CFO & EVP Strat. Initiatives C/O AUDACY, INC., 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Louise C Kramer director 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103

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