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Empire Resorts (Empire Resorts) Effective Interest Rate on Debt % : 11.86% (As of Sep. 2019)


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What is Empire Resorts 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. Empire Resorts's annualized positive value of Interest Expense for the quarter that ended in Sep. 2019 was $66.9 Mil. Empire Resorts's average total debt for the quarter that ended in Sep. 2019 was $563.9 Mil. Therefore, Empire Resorts's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 was 11.86%.


Empire Resorts Effective Interest Rate on Debt % Historical Data

The historical data trend for Empire Resorts'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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Empire Resorts Effective Interest Rate on Debt % Chart

Empire Resorts Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.38 15.17 3.01 4.10 9.54

Empire Resorts Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 12.07 11.53 12.07 12.13 11.86

Competitive Comparison of Empire Resorts's Effective Interest Rate on Debt %

For the Resorts & Casinos subindustry, Empire Resorts'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.


Empire Resorts's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

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

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



Empire Resorts Effective Interest Rate on Debt % Calculation

Empire Resorts's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2017 )+Total Debt  (A: Dec. 2018 ))/ count )
=-1  *  -49.835/( (469.736+574.651)/ 2 )
=-1  *  -49.835/522.1935
=9.54 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=455.148 + 14.588
=469.736

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=526.647 + 48.004
=574.651

Empire Resorts's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2019 )+Total Debt  (Q: Sep. 2019 ))/ count )
=-1  *  -66.868/( (566.651+561.145)/ 2 )
=-1  *  -66.868/563.898
=11.86 %

where

Total Debt  (Q: Jun. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=520.564 + 46.087
=566.651

Total Debt  (Q: Sep. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=517.964 + 43.181
=561.145

* 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 (Sep. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Empire Resorts  (NAS:NYNY) Effective Interest Rate on Debt % Explanation

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


Empire Resorts Effective Interest Rate on Debt % Related Terms

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Empire Resorts (Empire Resorts) Business Description

Traded in Other Exchanges
N/A
Address
c/o Monticello Casino and Raceway, 204 State Route 17B, P.O. Box 5013, Monticello, NY, USA, 12701
Empire Resorts Inc is a United State based holding company which operates casinos. It engaged in the hospitality and gaming industries. The company's subsidiary, Monticello Raceway Management, Inc., owns and operates the Monticello Casino and Raceway in Monticello, New York. The facility includes over 1,000 slot machines and electronic table games, as well as dining and live entertainment.
Executives
Kok Thay Lim 10 percent owner 22ND FLOOR, WISMA GENTING, JALAN SULTAN ISMAIL, KUALA LUMPUR N8 50250
Emanuel R Pearlman director, officer: Executive Chairman 250 EAST 79TH STREET, NEW YORK NY 10075
Paul Debary director C/O NOVUME SOLUTIONS, INC., 14420 ALBEMARLE POINT PLACE, SUITE 200, CHANTILLY VA 20151
Richard L Robbins director C/O VITAL SIGNS INC, 20 CAMPUS ROAD, TOTWA NJ 07512
Robert Alan Berman 10 percent owner C/O NOVUME SOLUTIONS, INC., 14420 ALBEMARLE POINT PLACE, SUITE 200, CHANTILLY VA 20151
David Patrick Hanlon director, officer: CEO and President
Arthur Sonnenblick director 888 SEVENTH AVE, NEW YORK NY 10019