Dover Motorsports (Dover Motorsports) Effective Interest Rate on Debt % : 68.29% (As of Sep. 2021)

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What is Dover Motorsports 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. Dover Motorsports's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was $0.06 Mil. Dover Motorsports's average total debt for the quarter that ended in Sep. 2021 was $0.08 Mil. Therefore, Dover Motorsports's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 was 68.29%.

Dover Motorsports Effective Interest Rate on Debt % Historical Data

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

Dover Motorsports Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

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4.09

4.77

1.91

48.28

Dover Motorsports Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															133.33	9.30	86.96	71.58	68.29

Competitive Comparison of Dover Motorsports's Effective Interest Rate on Debt %

For the Leisure subindustry, Dover Motorsports'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.

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

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

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

Dover Motorsports Effective Interest Rate on Debt % Calculation

Dover Motorsports's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -0.035	/	( (0.112	+	0.033)	/ 2 )
=	-1 * -0.035	/	0.0725
=	48.28 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.112	+	0
=	0.112

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.033	+	0
=	0.033

Dover Motorsports's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2021 )	+	Total Debt (Q: Sep. 2021 ))	/ count )
=	-1 * -0.056	/	( (0.085	+	0.079)	/ 2 )
=	-1 * -0.056	/	0.082
=	68.29 %

where

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.085	+	0
=	0.085

	Total Debt (Q: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.079	+	0
=	0.079

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 (Sep. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Dover Motorsports (NYSE:DVD) Effective Interest Rate on Debt % Explanation

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

Dover Motorsports Effective Interest Rate on Debt % Related Terms

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Dover Motorsports (Dover Motorsports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Dover Motorsports Inc (NYSE:DVD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1131 North DuPont Highway, Dover, DE, USA, 19901

Website

https://www.doverspeedway.com

Dover Motorsports Inc is a United States-based public holding company. The company's principal activity is to market and promote motorsports entertainment. Dover through its subsidiaries owns and operates Dover International Speedway in Dover, Delaware and Nashville Superspeedway near Nashville, Tennessee. Its operations were segregated into two main operating subsidiaries; Dover International Speedway Inc covered its motorsports operations, and Dover Downs Inc conducted its gaming operations. The company generates revenues primarily from the sponsorship payments, rights fees, ticket sales, and other event-related revenues.

Executives

Patrick J Bagley	director
Jeffrey W Rollins	director
Henry B Tippie	director	TONY EVANS, 1131 N DUPONT HWY, DOVER DE 19903
Anastasia Thomas Nardangeli	director	1131 N. DUPONT HIGHWAY DOWER DE 19901
Denis Mcglynn	director, officer: President and CEO	POST OFFICE BOX 843, DOVER DE 19903
Timothy R Horne	director, officer: Sr. VP - Finance & CFO
Thomas G Wintermantel	officer: VP, TREASURER & SECRETARY
Michael A. Tatoian	director, officer: Executive Vice President - COO	1131 N. DUPONT HIGHWAY DOVER DE 19901
Richard Radcliffe Hastings	director	1131 NORTH DUPONT HIGHWAY DOVER DE 19901
Gary W Rollins	10 percent owner	2170 PIEDMONT ROAD NE, ATLANTA GA 30324
R Randall Rollins	director, 10 percent owner	SUNTRUST BANKS INC, PO BOX 4418 MC 643, ATLANTA GA 30302-4418
Eugene W Weaver	director, 10 percent owner	P O BOX 843, DOVER DE 19803
Richard K Struthers	director	900 OLD KENNETT ROAD, GREENVILLE DE 19807
Mario Cibelli	10 percent owner	6 EAST 43RD STREET, 23RD FLOOR NEW YORK NY 10017
Kenneth K Chalmers	director