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Ballys (Ballys) Effective Interest Rate on Debt % : 5.77% (As of Mar. 2024)


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What is Ballys 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. Ballys's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $293 Mil. Ballys's average total debt for the quarter that ended in Mar. 2024 was $5,070 Mil. Therefore, Ballys's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.77%.


Ballys Effective Interest Rate on Debt % Historical Data

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

Ballys Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 7.27 6.72 4.59 4.90 5.79

Ballys 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 5.45 5.63 5.87 6.17 5.77

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

For the Resorts & Casinos subindustry, Ballys'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.


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

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

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



Ballys Effective Interest Rate on Debt % Calculation

Ballys'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  *  -277.561/( (4524.696+5065.884)/ 2 )
=-1  *  -277.561/4795.29
=5.79 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4472.317 + 52.379
=4524.696

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4991.592 + 74.292
=5065.884

Ballys'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  *  -292.524/( (5065.884+5073.271)/ 2 )
=-1  *  -292.524/5069.5775
=5.77 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4991.592 + 74.292
=5065.884

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5000.605 + 72.666
=5073.271

* 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.


Ballys  (NYSE:BALY) Effective Interest Rate on Debt % Explanation

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


Ballys Effective Interest Rate on Debt % Related Terms

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Ballys (Ballys) Business Description

Industry
Traded in Other Exchanges
Address
100 Westminster Street, Providence, RI, USA, 02903
Ballys Corp is a gaming, hospitality, and entertainment company with a portfolio of casinos and resorts, and online gaming businesses. It provides its customers with physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo, sportsbook, and free-to-play (F2P) games. The company has three reportable segments; Casinos & Resorts Includes the Company's 15 casino and resort properties and one horse race track, the North America Interactive segment includes a portfolio of sports betting, iGaming, and free-to-play gaming brands, and the International Interactive segment includes Gamesys' European and Asian operations.
Executives
Jeffrey W Rollins director
Jaymin B Patel director C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Terrence Downey director 100 TWIN RIVER ROAD, LINCOLN RI 02865
Wanda Y. Wilson director 100 TWIN RIVER ROAD, LINCOLN RI 02865
Lee Kim Barker officer: EVP, Chief Legal Officer C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903
Tracy S. Harris director C/O 1847 HOLDINGS LLC, 590 MADISON AVE., 21ST FLOOR, NEW YORK NY 10022
Robeson Reeves director, officer: President, Interactive 100 WESTMINSTER STREET, PROVIDENCE RI 02903
Craig L Eaton officer: EVP, General Counsel, Sec. 100 TWIN RIVER ROAD, LINCOLN RI 02865
George T. Papanier director, officer: President and CEO 100 TWIN RIVER ROAD, LINCOLN RI 02865
Marcus Glover officer: EVP, Chief Financial Officer C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903
Standard General L.p. director, 10 percent owner 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Noel Hayden 10 percent owner C/O ANZO GROUP LIMITED, 25 GOLDEN SQUARE, LONDON X0 W1F 9LU
Marc A Crisafulli officer: EVP Government Relations C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Robert M. Lavan officer: Executive Vice President, CFO 5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Stephen H Capp officer: Executive Vice President, CFO C/O PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148