Blue Hat Interactive Entertainment Technology (Blue Hat Interactive Entertainment Technology) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Blue Hat Interactive Entertainment Technology 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. Blue Hat Interactive Entertainment Technology's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Blue Hat Interactive Entertainment Technology's average total debt for the quarter that ended in Dec. 2023 was $3.06 Mil. Therefore, Blue Hat Interactive Entertainment Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Blue Hat Interactive Entertainment Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Blue Hat Interactive Entertainment Technology'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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Blue Hat Interactive Entertainment Technology Effective Interest Rate on Debt % Chart

Blue Hat Interactive Entertainment Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.48

6.92

6.00

6.14

7.04

Blue Hat Interactive Entertainment Technology Quarterly Data
	Sep17	Dec17	Jun18	Sep18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														-8.35	19.38	-	-	-

Competitive Comparison of Blue Hat Interactive Entertainment Technology's Effective Interest Rate on Debt %

For the Electronic Gaming & Multimedia subindustry, Blue Hat Interactive Entertainment Technology'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.

Blue Hat Interactive Entertainment Technology's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Blue Hat Interactive Entertainment Technology's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Blue Hat Interactive Entertainment Technology's Effective Interest Rate on Debt % falls into.

Blue Hat Interactive Entertainment Technology Effective Interest Rate on Debt % Calculation

Blue Hat Interactive Entertainment Technology'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 * -0.222	/	( (2.824	+	3.485)	/ 2 )
=	-1 * -0.222	/	3.1545
=	7.04 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.339	+	0.485
=	2.824

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.976	+	0.509
=	3.485

Blue Hat Interactive Entertainment Technology'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (2.627	+	3.485)	/ 2 )
=	-1 * 0	/	3.056
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.169	+	0.458
=	2.627

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.976	+	0.509
=	3.485

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.

Blue Hat Interactive Entertainment Technology (NAS:BHAT) Effective Interest Rate on Debt % Explanation

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

Blue Hat Interactive Entertainment Technology Effective Interest Rate on Debt % Related Terms

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Blue Hat Interactive Entertainment Technology (Blue Hat Interactive Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Blue Hat Interactive Entertainment Technology (NAS:BHAT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

4Y80:Germany

Address

No. 1010 Anling Road, 7th Floor, Building C, Huli District, Xiamen, CHN, 361009

Website

https://www.ir.bluehatgroup.com

Blue Hat Interactive Entertainment Technology is a producer, developer, and operator of augmented reality (AR) interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. The company's products include AR Racer, AR Crazy Bug, AR 3D Magic Box, AR Dinosaur, Talking Tom and Friends Bouncing Bubble, and Immersive Education Classes. The company reports in the following segments: Interactive toys - animation series, Interactive toys - game series, and Mobile games, Information services, and Communication services, out of which the majority of the revenue is generated from the game series. The majority of its revenues are generated in China.