Mighty Kingdom (ASX:MKL) Effective Interest Rate on Debt % : 5.54% (As of Dec. 2024)

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What is Mighty Kingdom 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. Mighty Kingdom's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was A$0.02 Mil. Mighty Kingdom's average total debt for the quarter that ended in Dec. 2024 was A$0.33 Mil. Therefore, Mighty Kingdom's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 5.54%.

Mighty Kingdom Effective Interest Rate on Debt % Historical Data

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

Mighty Kingdom Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

11.54

6.80

6.67

70.94

Mighty Kingdom Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				6.60	7.19	24.15	38.59	5.54

Competitive Comparison of Mighty Kingdom's Effective Interest Rate on Debt %

For the Electronic Gaming & Multimedia subindustry, Mighty Kingdom'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.

Mighty Kingdom's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

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

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

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Mighty Kingdom Effective Interest Rate on Debt % Calculation

Mighty Kingdom'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 * -0.188	/	( (0.265	+	0)	/ 1 )
=	-1 * -0.188	/	0.265
=	70.94 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.265
=	0.265

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Mighty Kingdom'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 * -0.018	/	( (0	+	0.325)	/ 1 )
=	-1 * -0.018	/	0.325
=	5.54 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.325
=	0.325

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.

Mighty Kingdom (ASX:MKL) Effective Interest Rate on Debt % Explanation

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

Mighty Kingdom Effective Interest Rate on Debt % Related Terms

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Mighty Kingdom Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Mighty Kingdom Ltd (ASX:MKL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

169 Fullarton Road, Level 1, Dulwich, SA, AUS, 5065

Website

https://www.mightykingdom.com

Mighty Kingdom Ltd is engaged in the development of games. The Group's principal activities are developing a broad portfolio of video games for console, PC, and mobile platforms. It has worked with companies including Disney, LEGO, Australian Red Cross, Funcom, Rogue, and Snapchat. Some of the games developed by the company include Sugar Slam, Ava's Manor, Wild Life, Heart Lake Rush, Danger Days, and Shopkins. It has its business activities in one area which is video games development. Mobile games and apps developed and/or published by the Group are made available for customers on different app stores, including Apple's App Store, Google's Google Play, and Valve's Steam Store.