DHCC (Diamondhead Casino) Effective Interest Rate on Debt % : 14.02% (As of Sep. 2024)

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What is Diamondhead Casino 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. Diamondhead Casino's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.72 Mil. Diamondhead Casino's average total debt for the quarter that ended in Sep. 2024 was $5.14 Mil. Therefore, Diamondhead Casino's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 14.02%.

Diamondhead Casino Effective Interest Rate on Debt % Historical Data

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

Diamondhead Casino Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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13.63

13.70

16.25

16.87

15.95

Diamondhead Casino 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															12.44	15.96	19.76	16.71	14.02

Competitive Comparison of Diamondhead Casino's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Diamondhead Casino'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.

Diamondhead Casino's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Diamondhead Casino's Effective Interest Rate on Debt % distribution charts can be found below:

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

Diamondhead Casino Effective Interest Rate on Debt % Calculation

Diamondhead Casino'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 * -0.816	/	( (5.146	+	5.089)	/ 2 )
=	-1 * -0.816	/	5.1175
=	15.95 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.146
=	5.146

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.089
=	5.089

Diamondhead Casino'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 * -0.72	/	( (5.132	+	5.138)	/ 2 )
=	-1 * -0.72	/	5.135
=	14.02 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.132
=	5.132

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.138
=	5.138

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.

Diamondhead Casino (OTCPK:DHCC) Effective Interest Rate on Debt % Explanation

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

Diamondhead Casino Effective Interest Rate on Debt % Related Terms

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Diamondhead Casino Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Diamondhead Casino Corp (OTCPK:DHCC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1013 Princess Street, Alexandria, VA, USA, 22314

Website

http://www.europacruises.com

Diamondhead Casino Corporation has no current operations in any state.

Executives

Crow Robert S. Iii	director	5910 CORAL SEA AVE., ROCKVILLE MD 20851
Stephanie Michelle Stevens	director	4309 CHASTAIN WALK NE, ATLANTA GA 30342
St Peter John Michael Jr	director	22121 CREEKVIEW DR, GAITHERSBURG MD 20882
Gregory A Harrison	director, officer: VICE PRESIDENT	16209 KIMBERLY GROVE, GAITHERSBURG MD 20878
Blount Martin Conrad	director	1629 K.ST., N.W.,STE.300, 1344 EAST CAPITOL ST., N.W., WASHINGTON DC 20006
Lewis William Austin Iv	director	201 E 87TH STREET, APT 5H, NEW YORK NY 10128
Thomas Gordon Wood	director	ONE HUGHES CENTER DRIVE, LAS VEGAS NV 89109
Carl Dean Stevens	director	1753 HWY 42 SOUTH, FORSYTH GA 31029
Robert L Zimmerman	officer: CFO
Williams Frank E Jr	director	2789-B HARTLAND ROAD, FALLS CHURCH VA 22043
Deborah A Vitale	director, officer: PRESIDENT
Benjamin J Harrell	director
H Steven Norton	director	700 ROZIER ST, ALTON IL 62002
Arnold Sussman	director

Diamondhead Casino Headlines

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