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AGS (PlayAGS) Effective Interest Rate on Debt % : 9.92% (As of Sep. 2024)


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What is PlayAGS 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. PlayAGS's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $54.3 Mil. PlayAGS's average total debt for the quarter that ended in Sep. 2024 was $547.2 Mil. Therefore, PlayAGS's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 9.92%.


PlayAGS Effective Interest Rate on Debt % Historical Data

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

PlayAGS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.80 7.24 7.15 6.83 10.13

PlayAGS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Effective Interest Rate on Debt % Get a 7-Day Free Trial 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 10.29 10.65 10.04 9.84 9.92

Competitive Comparison of PlayAGS's Effective Interest Rate on Debt %

For the Gambling subindustry, PlayAGS'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.


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

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

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



PlayAGS Effective Interest Rate on Debt % Calculation

PlayAGS'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  *  -57.426/( (568.841+564.983)/ 2 )
=-1  *  -57.426/566.912
=10.13 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=560.494 + 8.347
=568.841

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=556.135 + 8.848
=564.983

PlayAGS's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -54.304/( (547.645+546.851)/ 2 )
=-1  *  -54.304/547.248
=9.92 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=538.742 + 8.903
=547.645

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=537.701 + 9.15
=546.851

* 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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


PlayAGS  (NYSE:AGS) Effective Interest Rate on Debt % Explanation

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


PlayAGS Effective Interest Rate on Debt % Related Terms

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PlayAGS Business Description

Industry
Traded in Other Exchanges
N/A
Address
6775 S. Edmond Street, Suite 300, Las Vegas, NV, USA, 89118
PlayAGS Inc is a designer and supplier of gaming products and services for the gaming industry. The company mainly supplies electronic gaming machines (EGM), server-based systems and back-office systems which are used by casinos, and various gaming locations. Its operating segments are EGM, Table Products, and Interactive. The EGM segment offers a selection of video slot titles developed for the world-wide marketplace as well as EGM cabinets. Its Table Products segments include live proprietary table games and side bets, as well as ancillary table products. The Interactive segment consists of delivering games through mobile apps such as Lucky Play Casino and Vegas Fever. It earns a majority of its revenue from Electronic Gaming Machines segment and geographically from the United States.
Executives
Robert Barron Ziems officer: Chief Legal Officer, Secretary 6775 S. EDMOND ST., STE. 300, LAS VEGAS NV 89118
Adam Chibib director 7501B NORTH CAPITAL OF TEXAS HGHWY, AUSTIN TX 78731
Anna Massion director 5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Ap Gaming Voteco, Llc 10 percent owner 5475 S. DECATUR BLVD., LAS VEGAS NV 89118
David-jacques Farahi director 3800 S. VIRGINIA STREET, RENO NV 89502
David Lopez officer: Chief Executive Officer 7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113
Kimo Akiona officer: Treas, CFO & Chief Acctg. Off. 5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Victor Gallo officer: GC, Secy. & Compliance Officer 5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Geoff Freeman director 5475 S. DECATUR BLVD., SUITE 100, LAS VEGAS NV 89118
Yvette Landau director
Eric Press director 1301 AVENUE OF THE AMERICA 38TH FLOOR, NEW YORK NY 10019
Marc J Rowan 10 percent owner APOLLO ADVISORS LP, 1301 AVE OF THE AMERICAS, NEW YORK NY 10019
David Sambur director, other: See Remarks 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Sigmund Lee officer: Chief Tech. Officer 5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Daniel Evan Cohen director, other: See Remarks C/O APOLLO GLOBAL MANAGEMENT, L.P., 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019