NextPlay Technologies (NextPlay Technologies) Effective Interest Rate on Debt % : 14.58% (As of Nov. 2022)

View and export this data going back to 2021. Start your Free Trial

What is NextPlay Technologies 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. NextPlay Technologies's annualized positive value of Interest Expense for the quarter that ended in Nov. 2022 was $0.98 Mil. NextPlay Technologies's average total debt for the quarter that ended in Nov. 2022 was $6.75 Mil. Therefore, NextPlay Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2022 was 14.58%.

NextPlay Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for NextPlay Technologies'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.

NextPlay Technologies Effective Interest Rate on Debt % Chart

NextPlay Technologies Annual Data

Trend

Feb21

Feb22

Effective Interest Rate on Debt %

4.94

35.23

NextPlay Technologies Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	77.79	6.45	12.83	14.58

Competitive Comparison of NextPlay Technologies's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, NextPlay Technologies'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.

NextPlay Technologies's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, NextPlay Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

NextPlay Technologies Effective Interest Rate on Debt % Calculation

NextPlay Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2021 )	+	Total Debt (A: Feb. 2022 ))	/ count )
=	-1 * -2.506	/	( (1.053	+	13.174)	/ 2 )
=	-1 * -2.506	/	7.1135
=	35.23 %

where

	Total Debt (A: Feb. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.053
=	1.053

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.355	+	8.819
=	13.174

NextPlay Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2022 )	+	Total Debt (Q: Nov. 2022 ))	/ count )
=	-1 * -0.984	/	( (6.494	+	7.004)	/ 2 )
=	-1 * -0.984	/	6.749
=	14.58 %

where

	Total Debt (Q: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.384	+	6.11
=	6.494

	Total Debt (Q: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.337	+	6.667
=	7.004

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

NextPlay Technologies (OTCPK:NXTP) Effective Interest Rate on Debt % Explanation

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

NextPlay Technologies Effective Interest Rate on Debt % Related Terms

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

NextPlay Technologies (NextPlay Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NextPlay Technologies Inc (OTCPK:NXTP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1560 Sawgrass Corporate Parkway, Suite 130, Sunrise, FL, USA, 33323

Website

https://www.nextplaytechnologies.com

NextPlay Technologies Inc is building a technology solutions company, offering games, in-game advertising, digital asset products and services, connected TV and travel booking services to consumers and corporations within a growing digital ecosystem. Its engaging products and services utilize advertising technology, Artificial Intelligence, and financial technology (FinTech) solutions to leverage the strengths and channels of its existing and acquired technologies. NextPlay is organized into 3 divisions NextMedia, its Interactive Digital Media Division (the Media Division); NextFinTech, its Finance and Technology (FinTech) Division; and NextTrip, its Travel Division.

Executives

Timothy James Sikora	officer: Chief Information Officer	133 N POMPANO BEACH BLVD, #1401, POMPANO BEACH FL 33062
Nutthaphol Rungsakhon	officer: Interim CFO	1560 SAWGRASS CORPORATE PARKWAY, 4TH FLOOR, SUNRISE FL 33323
Red Anchor Trading Corp.	10 percent owner	MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 958, ROAD TOWN, TORTOLA D8 00000
Nextplay Holdings Llc	other: Group	1013 CENTRE STREET, SUITE 403-B 87-1942169, WILMINGTON DE 19805
Nithinan Boonyawattanapisut	director, 10 percent owner, officer: Co-CEO	999/194 MOOBAAN KESINEE VILLE, PRACHA UTIT ROAD, BANGKOK W1 10310
John Todd Bonner	director	999/194 MOOBAAN KESINEE VILLE, PRACHA UTIT ROAD, BANGKOK W1 10310
Found Side Ltd	other: Group	PGCS LTD., 2ND FLOOR, THE QUADRANT, MANGLIER STREET, VICTORIA, MAHE T2 00000
Cern One Ltd	other: Group	MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 958, ROAD TOWN, TORTOLA D8 00000
Gardner Edward Terrence Jr.	director	1560 SAWGRASS CORPORATE PARKWAY, SUITE 130, SUNRISE FL 33323
Farooq Moosa	director	1560 SAWGRASS CORPORATE PARKWAY, SUITE 130, SUNRISE FL 33323
Yoshihiro Obata	director	4-9-34-303 MINAMIAZABU, MINATO-KU, TOKYOI M0 106-0047
Carmen L Diges	director	150 KING ST. WEST, SUITE 2800, TORONTO A6 M5H 1J9
Thanin Pornsiritivet	other: Part of 10% owner group	5/150 WATCHARAPHON ROAD, THA RENG SUBDISTRICT, BANG KHEN DISTRICT, BANGKOK W1 10220
Andrew James Greaves	officer: Chief Operating Officer	HALLFARM, WINGERWORTH, CHESTERFIELD X0 S42 6PL
Stacey Donna Riddell	director	3210 S OCEAN BLVD., APT 602, HIGHLAND BEACH FL 33487