Liberty Formula One Group (Liberty Formula One Group) Effective Interest Rate on Debt % : 7.31% (As of Dec. 2023)

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What is Liberty Formula One Group 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. Liberty Formula One Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $212 Mil. Liberty Formula One Group's average total debt for the quarter that ended in Dec. 2023 was $2,902 Mil. Therefore, Liberty Formula One Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.31%.

Liberty Formula One Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Liberty Formula One Group'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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Liberty Formula One Group Effective Interest Rate on Debt % Chart

Liberty Formula One Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.64

3.09

3.33

4.53

7.31

Liberty Formula One Group 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															6.13	18.43	7.31	7.66	7.31

Competitive Comparison of Liberty Formula One Group's Effective Interest Rate on Debt %

For the Entertainment subindustry, Liberty Formula One Group'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.

Liberty Formula One Group's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Liberty Formula One Group's Effective Interest Rate on Debt % falls into.

Liberty Formula One Group Effective Interest Rate on Debt % Calculation

Liberty Formula One Group'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 * -214	/	( (2947	+	2906)	/ 2 )
=	-1 * -214	/	2926.5
=	7.31 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2886	+	61
=	2947

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2870	+	36
=	2906

Liberty Formula One Group'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 * -212	/	( (2897	+	2906)	/ 2 )
=	-1 * -212	/	2901.5
=	7.31 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2865	+	32
=	2897

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2870	+	36
=	2906

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.

Liberty Formula One Group (NAS:FWONA) Effective Interest Rate on Debt % Explanation

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

Liberty Formula One Group Effective Interest Rate on Debt % Related Terms

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Liberty Formula One Group (Liberty Formula One Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Liberty Formula One Group (NAS:FWONA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

FWONB:USA FWONK:USA LM0F:Germany

Address

12300 Liberty Boulevard, Englewood, CO, USA, 80112

Website

http://www.libertymedia.com

Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. The F1 schedule in 2023 will encompass 23 races held on five continents. Formula One Group is a subsidiary of Liberty Media, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.