The Lottery (ASX:TLC) Effective Interest Rate on Debt % : 4.97% (As of Jun. 2024)

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What is The Lottery 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. The Lottery's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was A$127 Mil. The Lottery's average total debt for the quarter that ended in Jun. 2024 was A$2,555 Mil. Therefore, The Lottery's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.97%.

The Lottery Effective Interest Rate on Debt % Historical Data

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

The Lottery Annual Data

Trend

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

0.48

4.86

5.18

The Lottery Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	5.11	5.07	5.16	4.97

Competitive Comparison of The Lottery's Effective Interest Rate on Debt %

For the Gambling subindustry, The Lottery'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.

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

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

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

The Lottery Effective Interest Rate on Debt % Calculation

The Lottery'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 * -130.3	/	( (2549.2	+	2479.7)	/ 2 )
=	-1 * -130.3	/	2514.45
=	5.18 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2538.8	+	10.4
=	2549.2

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2467.3	+	12.4
=	2479.7

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -127	/	( (2630.1	+	2479.7)	/ 2 )
=	-1 * -127	/	2554.9
=	4.97 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2618.2	+	11.9
=	2630.1

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2467.3	+	12.4
=	2479.7

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

The Lottery (ASX:TLC) Effective Interest Rate on Debt % Explanation

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

The Lottery Effective Interest Rate on Debt % Related Terms

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The Lottery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Lottery Corp Ltd (ASX:TLC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Ann Street, Level 8, Brisbane, QLD, AUS, 4000

Website

https://www.thelotterycorporation.com

The Lottery Corp is Australia's largest provider of lottery, Keno and instant scratch products, with long-dated and/or exclusive licences for lottery in all Australian states and territories except Western Australia, and in most states and territories for Keno. The Lottery Corp has a distribution network of over 3,800 franchised retailers selling instant scratch and lottery products through vendors such as newsagents, service stations, pharmacies, and convenience stores, in addition to online sales. Keno is sold in over 3,400 pubs and clubs.