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Napster Group (LSE:NAPS) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2021)


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What is Napster Group 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. Napster Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was £0.00 Mil. Napster Group's average total debt for the quarter that ended in Jun. 2021 was £11.50 Mil. Therefore, Napster Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 0.00%.

Napster Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Napster 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.

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Napster Group Effective Interest Rate on Debt % Chart

Napster Group Annual Data
Trend Sep17 Sep18 Dec20
Effective Interest Rate on Debt %
19.90 23.04 0.86

Napster Group Quarterly Data
Sep17 Sep18 Jun20 Dec20 Jun21
Effective Interest Rate on Debt % - - - - -

Competitive Comparison of Napster Group's Effective Interest Rate on Debt %

For the Entertainment subindustry, Napster 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.

Napster Group's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Napster Group's Effective Interest Rate on Debt % distribution charts can be found below:

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


Napster Group Effective Interest Rate on Debt % Calculation

Napster Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2018 )+Total Debt  (A: Dec. 2020 ))/ count )
=-1  *  -0.068/( (9.828+5.932)/ 2 )
=-1  *  -0.068/7.88
=0.86 %

where

Total Debt  (A: Sep. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 9.828
=9.828

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.971 + 4.961
=5.932

Napster Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2020 )+Total Debt  (Q: Jun. 2021 ))/ count )
=-1  *  0/( (5.932+17.063)/ 2 )
=-1  *  0/11.4975
=0.00 %

where

Total Debt  (Q: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.971 + 4.961
=5.932

Total Debt  (Q: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.128 + 15.935
=17.063

* 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 (Jun. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Napster Group  (LSE:NAPS) Effective Interest Rate on Debt % Explanation

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

Napster Group Effective Interest Rate on Debt % Related Terms

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Napster Group (LSE:NAPS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Napster Group PLC (LSE:NAPS) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
XFCI BOM:531420 BOM:532378 BOM:530457
Traded in Other Exchanges
N/A
Address
55 Poland Street, London, GBR, W1F 7NL
Website
https://www.napster.group
Napster Group PLC is a music company. It offers global music platform combining music streaming and immersive content that allows users to experience music performances in Virtual Reality. It derives revenue through Content sales, Telco partnerships, Content licensing, and Ticket revenue.

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