Betr Entertainment (ASX:BBT) Effective Interest Rate on Debt % : 43.67% (As of Dec. 2024)

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What is Betr Entertainment 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. Betr Entertainment's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was A$1.44 Mil. Betr Entertainment's average total debt for the quarter that ended in Dec. 2024 was A$3.29 Mil. Therefore, Betr Entertainment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 43.67%.

Betr Entertainment Effective Interest Rate on Debt % Historical Data

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

Betr Entertainment Annual Data

Trend

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

0.55

40.65

172.08

Betr Entertainment Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			3.61	82.11	104.75	264.22	43.67

Competitive Comparison of Betr Entertainment's Effective Interest Rate on Debt %

For the Gambling subindustry, Betr Entertainment'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.

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

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

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

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Betr Entertainment Effective Interest Rate on Debt % Calculation

Betr Entertainment's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -1.368	/	( (1.01	+	0.58)	/ 2 )
=	-1 * -1.368	/	0.795
=	172.08 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.565	+	0.445
=	1.01

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.141	+	0.439
=	0.58

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -1.436	/	( (0.58	+	5.997)	/ 2 )
=	-1 * -1.436	/	3.2885
=	43.67 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.141	+	0.439
=	0.58

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.008	+	0.989
=	5.997

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

Betr Entertainment (ASX:BBT) Effective Interest Rate on Debt % Explanation

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

Betr Entertainment Effective Interest Rate on Debt % Related Terms

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Betr Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Betr Entertainment Ltd (ASX:BBT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

9RT:Germany

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

Betr Entertainment Ltd Formerly BlueBet Holdings Ltd is engaged in offering sports and racing betting products and services to online and telephone clients, via its online wagering platform and mobile applications. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue. It is organized into three operating segments; Australia which derives key revenue, North America, and Corporate.

Betr Entertainment Headlines

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