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Galaxy Entertainment Group Effective Interest Rate on Debt %

: 0.51% (As of Jun. 2021)
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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. Galaxy Entertainment Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was $7 Mil. Galaxy Entertainment Group's average total debt for the quarter that ended in Jun. 2021 was $1,385 Mil. Therefore, Galaxy Entertainment Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 0.51%.


Galaxy Entertainment Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Galaxy Entertainment 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.

* Premium members only.

Galaxy Entertainment Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.15 0.79 1.42 2.39 0.64

Galaxy Entertainment Group Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Effective Interest Rate on Debt % 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 Premium Member Only Premium Member Only Premium Member Only 2.14 1.76 0.74 0.49 0.51

Competitive Comparison

For the Resorts & Casinos subindustry, Galaxy Entertainment 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.

   

Galaxy Entertainment Group Effective Interest Rate on Debt % Distribution

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

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



Galaxy Entertainment Group Effective Interest Rate on Debt % Calculation

Galaxy Entertainment Group'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  *  -4.3958255395451/( (128.14594144404+1246.3949483352)/ 2 )
=-1  *  -4.3958255395451/687.27044488964
=0.64 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=40.947914664617 + 87.198026779422
=128.14594144404

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38.283904591132 + 1208.1110437441
=1246.3949483352

Galaxy Entertainment Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2020 )+Total Debt  (Q: Jun. 2021 ))/ count )
=-1  *  -6.9979514797016/( (1246.3949483352+1523.398095778)/ 2 )
=-1  *  -6.9979514797016/1384.8965220566
=0.51 %

where

Total Debt  (Q: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38.283904591132 + 1208.1110437441
=1246.3949483352

Total Debt  (Q: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=37.655410541505 + 1485.7426852365
=1523.398095778

* 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 two times the semi-annual (Jun. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Galaxy Entertainment Group  (OTCPK:GXYYY) Effective Interest Rate on Debt % Explanation

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


Galaxy Entertainment Group Effective Interest Rate on Debt % Related Terms

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Galaxy Entertainment Group Business Description

Galaxy Entertainment Group logo
Industry
Traded in Other Exchanges
Address
111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG
Galaxy Entertainment is one of six casino license holders in Macao. Its major properties include Starworld casino in the Macao Peninsula and Galaxy Macau phases 1 and 2 in Cotai, with a hotel room inventory of approximately 4,300.
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