Activision Blizzard (XTER:AIY) Effective Interest Rate on Debt % : 2.97% (As of Jun. 2023)

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What is Activision Blizzard 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. Activision Blizzard's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was €100 Mil. Activision Blizzard's average total debt for the quarter that ended in Jun. 2023 was €3,353 Mil. Therefore, Activision Blizzard's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 2.97%.

Activision Blizzard Effective Interest Rate on Debt % Historical Data

The historical data trend for Activision Blizzard'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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Activision Blizzard Effective Interest Rate on Debt % Chart

Activision Blizzard Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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4.06

3.41

3.03

3.11

3.09

Activision Blizzard Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.05	3.09	2.89	2.97	2.97

Competitive Comparison of Activision Blizzard's Effective Interest Rate on Debt %

For the Electronic Gaming & Multimedia subindustry, Activision Blizzard'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.

Activision Blizzard's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

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

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

Activision Blizzard Effective Interest Rate on Debt % Calculation

Activision Blizzard's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -101.952	/	( (3193.08	+	3408.784)	/ 2 )
=	-1 * -101.952	/	3300.932
=	3.09 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3193.08	+	0
=	3193.08

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3408.784	+	0
=	3408.784

Activision Blizzard's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -99.684	/	( (3372.674	+	3333.876)	/ 2 )
=	-1 * -99.684	/	3353.275
=	2.97 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3372.674	+	0
=	3372.674

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3333.876	+	0
=	3333.876

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 (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Activision Blizzard (XTER:AIY) Effective Interest Rate on Debt % Explanation

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

Activision Blizzard Effective Interest Rate on Debt % Related Terms

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Activision Blizzard (XTER:AIY) Business Description

Industry

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Address

2701 Olympic Boulevard, Building B, Santa Monica, CA, USA, 90404

Website

https://www.activisionblizzard.com

Activision Blizzard was formed in 2008 by the merger of Activision, one of the largest console video game publishers, and Blizzard, one of largest PC video game publishers. The combined firm remains one of the world's largest video game publishers. Activision's impressive franchise portfolio includes World of Warcraft, which boasts more than $8 billion of lifetime sales, and Call of Duty, which has sold over 175 million copies across 14 titles over 12 years.

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