Alta Global Group (Alta Global Group) Effective Interest Rate on Debt % : 29.54% (As of Jun. 2023)

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What is Alta Global 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. Alta Global Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $2.99 Mil. Alta Global Group's average total debt for the quarter that ended in Jun. 2023 was $10.13 Mil. Therefore, Alta Global Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 29.54%.

Alta Global Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Alta Global 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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Alta Global Group Effective Interest Rate on Debt % Chart

Alta Global Group Annual Data

Trend

Jun22

Jun23

Effective Interest Rate on Debt %

17.46

29.54

Alta Global Group Semi-Annual Data
	Jun22	Jun23
Effective Interest Rate on Debt %	17.46	29.54

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

For the Leisure subindustry, Alta Global 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.

Alta Global Group's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

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

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

Alta Global Group Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -2.993	/	( (8.794	+	11.467)	/ 2 )
=	-1 * -2.993	/	10.1305
=	29.54 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.15	+	5.644
=	8.794

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.266	+	11.201
=	11.467

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -2.993	/	( (8.794	+	11.467)	/ 2 )
=	-1 * -2.993	/	10.1305
=	29.54 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.15	+	5.644
=	8.794

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.266	+	11.201
=	11.467

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 one times the annual (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Alta Global Group (AMEX:MMA) Effective Interest Rate on Debt % Explanation

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

Alta Global Group Effective Interest Rate on Debt % Related Terms

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Alta Global Group (Alta Global Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Alta Global Group Ltd (AMEX:MMA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 1, 29-33, Suite 1, The Corso, Manly, Sydney, NSW, AUS, 2095

Website

https://www.trainalta.com

Alta Global Group Ltd is a technology company that is enabling the global martial arts and combat sports industry to maximize the monetization opportunities available to the sector by increasing consumer participation in the sport and building upon existing community offerings within the sector. The Alta Platform serves as a comprehensive solution for martial arts and combat sports, offering a blend of four core products: the Warrior Training Program, UFC Fight Fit Program, Alta Academy, and the Alta Community.

Alta Global Group (Alta Global Group) Headlines

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