Glu Mobile (LTS:0QZL) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2020)

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What is Glu Mobile 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. Glu Mobile's annualized positive value of Interest Expense for the quarter that ended in Dec. 2020 was $0.0 Mil. Glu Mobile's average total debt for the quarter that ended in Dec. 2020 was $39.8 Mil. Therefore, Glu Mobile's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 was 0.00%.

Glu Mobile Effective Interest Rate on Debt % Historical Data

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

Glu Mobile Annual Data

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Effective Interest Rate on Debt %

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Glu Mobile Quarterly Data
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Competitive Comparison of Glu Mobile's Effective Interest Rate on Debt %

For the Electronic Gaming & Multimedia subindustry, Glu Mobile'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.

Glu Mobile's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

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

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

Glu Mobile Effective Interest Rate on Debt % Calculation

Glu Mobile'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: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * 0	/	( (40.879	+	39.258)	/ 2 )
=	-1 * 0	/	40.0685
=	0.00 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.351	+	3.528
=	40.879

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34.565	+	4.693
=	39.258

Glu Mobile's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2020 )	+	Total Debt (Q: Dec. 2020 ))	/ count )
=	-1 * 0	/	( (40.417	+	39.258)	/ 2 )
=	-1 * 0	/	39.8375
=	0.00 %

where

	Total Debt (Q: Sep. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.74	+	4.677
=	40.417

	Total Debt (Q: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34.565	+	4.693
=	39.258

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. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Glu Mobile (LTS:0QZL) Effective Interest Rate on Debt % Explanation

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

Glu Mobile Effective Interest Rate on Debt % Related Terms

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Glu Mobile (LTS:0QZL) Business Description

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Address

875 Howard Street, Suite 100, San Francisco, CA, USA, 94103

Website

https://www.glu.com

Glu Mobile Inc is a U.S.-based company that develops and markets games appealing to a broad group of users of smartphones and tablet devices. These games are accessible through direct-to-consumer digital store fronts like the Apple App Store, Google Play Store, and Amazon Appstore. The firm generates revenue through in-app purchases and in-game advertising.

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