Kings Entertainment Group (FRA:L12) Effective Interest Rate on Debt %: 0.00% (As of Sep. 2023)

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What is Kings Entertainment Group Effective Interest Rate on Debt %?

Kings Entertainment Group FRA:L12 Effective Interest Rate on Debt % is 0.00% as of Sep. 2023.

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. Kings Entertainment Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was €0.20 Mil. Kings Entertainment Group's average total debt for the quarter that ended in Sep. 2023 was €0.00 Mil. Therefore, Kings Entertainment Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was N/A%.

Kings Entertainment Group  (FRA:L12) Effective Interest Rate on Debt % Explanation

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

Kings Entertainment Group Effective Interest Rate on Debt % Related Terms

Kings Entertainment Group Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Kings Entertainment Group'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.

Kings Entertainment Group Effective Interest Rate on Debt % Chart

Kings Entertainment Group Annual Data
Trend Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
700.00 1,114.29 0.00

Kings Entertainment Group Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

FRA:L12 vs DKNG, CHDN, LNW: Effective Interest Rate on Debt % Comparison

For the Gambling subindustry, Kings Entertainment Group'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.

Kings Entertainment Group Effective Interest Rate on Debt % vs Travel & Leisure Industry

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

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


Kings Entertainment Group Effective Interest Rate on Debt % Calculation

Kings Entertainment Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -0.152/( (0+0)/ 1 )
=-1  *  -0.152/0
=N/A %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

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

Kings Entertainment Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -0.204/( (0+0)/ 1 )
=-1  *  -0.204/0
=N/A %

where

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

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

* 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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 0.00% mean?
Kings Entertainment Group (FRA:L12) has a Effective Interest Rate on Debt % of 0.00% as of Sep. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Kings Entertainment Group and its competitors.
Is Kings Entertainment Group's Effective Interest Rate on Debt % too high?
Kings Entertainment Group's current Effective Interest Rate on Debt % is 0.00%.
How does Kings Entertainment Group's Effective Interest Rate on Debt % compare to DKNG and CHDN?
Kings Entertainment Group's Effective Interest Rate on Debt % of 0.00% can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Travel & Leisure company?
A good Effective Interest Rate on Debt % depends on the Travel & Leisure industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Kings Entertainment Group and its competitors. Kings Entertainment Group's current Effective Interest Rate on Debt % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kings Entertainment Group stock overvalued right now?
Kings Entertainment Group (FRA:L12) has a current Effective Interest Rate on Debt % of 0.00%. The current Effective Interest Rate on Debt % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Kings Entertainment Group (FRA:L12), the current Effective Interest Rate on Debt % is 0.00% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Kings Entertainment Group Business Description

Address 1060 - 1055 West Georgia Street, Vancouver, BC, CAN, V6E 2E9
Kings Entertainment Group Inc is a business-to-consumer service provider that allows users to participate in lotteries and casino-style online games throughout the world. The company operates through multiple established brands and websites, which include www.wintrillions.com, www.trillionaire.com, and www.LottoKings.com. In addition to the lottery services, it offers a connected experience that enables users to play and switch with ease between scratch cards and casino games. The company has only one reportable segment, which is lottery procurement and online casino, and scratchcard. Geographically, it derives revenue from Mexico, Brazil, other Latin American countries, and other regions.