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. Monarch Casino & Resort's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $-0.4 Mil. Monarch Casino & Resort's average total debt for the quarter that ended in Dec. 2023 was $21.8 Mil. Therefore, Monarch Casino & Resort's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -2.04%.
Monarch Casino & Resort Effective Interest Rate on Debt % Historical Data
The historical data trend for Monarch Casino & Resort'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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Monarch Casino & Resort Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Effective Interest Rate on Debt %
-
0.13
3.04
3.94
7.93
Monarch Casino & Resort 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 %
2.65
5.51
5.23
3.80
-2.04
Competitive Comparison
For the Resorts & Casinos subindustry, Monarch Casino & Resort'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.
Monarch Casino & Resort Effective Interest Rate on Debt % Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Monarch Casino & Resort's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Monarch Casino & Resort's Effective Interest Rate on Debt % falls into.
* 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.
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Monarch Casino & Resort Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of Monarch Casino & Resort's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Monarch Casino & Resort (Monarch Casino & Resort) Business Description
Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.
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