GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MGM Growth Properties LLC (NYSE:MGP) » Definitions » Effective Interest Rate on Debt %

MGM Growth Properties LLC (MGM Growth Properties LLC) Effective Interest Rate on Debt % : 5.63% (As of Mar. 2022)


View and export this data going back to 2016. Start your Free Trial

What is MGM Growth Properties LLC 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. MGM Growth Properties LLC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was $255.1 Mil. MGM Growth Properties LLC's average total debt for the quarter that ended in Mar. 2022 was $4,530.4 Mil. Therefore, MGM Growth Properties LLC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 5.63%.


MGM Growth Properties LLC Effective Interest Rate on Debt % Historical Data

The historical data trend for MGM Growth Properties LLC'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.

* Premium members only.

MGM Growth Properties LLC Effective Interest Rate on Debt % Chart

MGM Growth Properties LLC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 4.87 5.01 5.37 5.00 5.87

MGM Growth Properties LLC Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.08 6.11 5.70 5.70 5.63

Competitive Comparison of MGM Growth Properties LLC's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, MGM Growth Properties LLC'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.


MGM Growth Properties LLC's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, MGM Growth Properties LLC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where MGM Growth Properties LLC's Effective Interest Rate on Debt % falls into.



MGM Growth Properties LLC Effective Interest Rate on Debt % Calculation

MGM Growth Properties LLC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2020 )+Total Debt  (A: Dec. 2021 ))/ count )
=-1  *  -265.942/( (4510.092+4554.337)/ 2 )
=-1  *  -265.942/4532.2145
=5.87 %

where

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4510.092 + 0
=4510.092

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4554.337 + 0
=4554.337

MGM Growth Properties LLC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2021 )+Total Debt  (Q: Mar. 2022 ))/ count )
=-1  *  -255.072/( (4554.337+4506.4)/ 2 )
=-1  *  -255.072/4530.3685
=5.63 %

where

Total Debt  (Q: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4554.337 + 0
=4554.337

Total Debt  (Q: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4506.4 + 0
=4506.4

* 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 (Mar. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


MGM Growth Properties LLC  (NYSE:MGP) Effective Interest Rate on Debt % Explanation

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


MGM Growth Properties LLC Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of MGM Growth Properties LLC's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


MGM Growth Properties LLC (MGM Growth Properties LLC) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1980 Festival Plaza Drive, Suite 750, Las Vegas, NV, USA, 89135
MGM Growth Properties LLC is a real estate investment trust engaged in owning, acquiring and leasing large-scale casino resort properties, including casino gaming, hotel, convention, dining, entertainment, retail and mixed-use facilities, and other resort amenities. The company's property portfolio consists of entertainment and gaming-related properties located on the Las Vegas Strip Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor and Excalibur, and The Park, a dining and entertainment complex located between New York-New York and Monte Carlo. It owns casino resort properties MGM Grand Detroit in Detroit, Michigan, Beau Rivage and Gold Strike Tunica, located in Mississippi, Borgata in Atlantic City, New Jersey, and MGM National Harbor in Prince George's County, Maryland.
Executives
Andy H Chien officer: CFO and Treasurer C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118
Paul J Salem director 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903
Daniel J Taylor director 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109
James C. Stewart officer: Chief Executive Officer C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118
Thomas A Roberts director C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118
Charles Irving director C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BOULEVARD, SUITE 500 LAS VEGAS NV 89118
Kathryn Coleman director 6385 S RAINBOW BOULEVARD, STE. 500 LAS VEGAS NV 89118
Michael Rietbrock other: Former Director C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118
James Murren other: former director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Robert W Smith director C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118
Sanders Corey Ian director 3950 LAS VEGAS BLVD., S., LAS VEGAS NV 89119
Lau Knicks officer: ED Acct & Finance (Controller) 1980 FESTIVAL PLAZA DR., SUITE 750, LAS VEGAS NV 89135
William Hornbuckle director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
John Mcmanus director 3600 LAS VEGAS BLVD, S., EXECUTIVE OFFICES, LAS VEGAS NV 89119
Resorts International Mgm 10 percent owner 3600 LAS VEGAS BLVD S., LAS VEGAS NV 89109