GGL (Games Global) Effective Interest Rate on Debt %: 0.00% (As of Dec. 2023)


What is Games Global Effective Interest Rate on Debt %?

Games Global GGL Effective Interest Rate on Debt % is 0.00% as of Dec. 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. Games Global's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Games Global's average total debt for the quarter that ended in Dec. 2023 was $6.78 Mil. Therefore, Games Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Games Global  (NYSE:GGL) Effective Interest Rate on Debt % Explanation

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

Games Global Effective Interest Rate on Debt % Related Terms

Games Global Effective Interest Rate on Debt % Historical Data

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The historical data trend for Games Global'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.

Games Global Effective Interest Rate on Debt % Chart

Games Global Annual Data
Trend Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
0.00 0.00 41.45

Games Global Quarterly Data
Mar22 Dec22 Mar23 Dec23
Effective Interest Rate on Debt % 0.00 0.00 4.92 0.00

GGL vs : Effective Interest Rate on Debt % Comparison

For the Electronic Gaming & Multimedia subindustry, Games Global'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.

Games Global Effective Interest Rate on Debt % vs Interactive Media Industry

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

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


Games Global Effective Interest Rate on Debt % Calculation

Games Global's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -3.031/( (0+7.313)/ 1 )
=-1  *  -3.031/7.313
=41.45 %

where

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

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.988 + 1.325
=7.313

Games Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  0/( (7.313+6.245)/ 2 )
=-1  *  0/6.779
=0.00 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.988 + 1.325
=7.313

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.682 + 1.563
=6.245

* 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 (Dec. 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?
Games Global (GGL) has a Effective Interest Rate on Debt % of 0.00% as of Dec. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Games Global and its competitors.
Is Games Global's Effective Interest Rate on Debt % too high?
Games Global's current Effective Interest Rate on Debt % is 0.00%.
How does Games Global's Effective Interest Rate on Debt % compare to ?
Games Global's Effective Interest Rate on Debt % of 0.00% can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Effective Interest Rate on Debt % depends on the Interactive Media 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 Games Global and its competitors. Games Global'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 Games Global stock overvalued right now?
Games Global (GGL) 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 Games Global (GGL), the current Effective Interest Rate on Debt % is 0.00% as of Dec. 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.

Games Global Business Description

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Address 62 Circular Road, Douglas, IMN, IM1 1LA
Games Global Ltd is a company that primarily works on developing, holding, and exploiting gaming-related intellectual property, as well as creating casino-style gaming content and business-to-business solutions for iGaming operators in regulated markets around the world, based on the size of its studio network.