Rank Group (The) (Rank Group (The)) Effective Interest Rate on Debt % : 5.51% (As of Jun. 2023)

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What is Rank Group (The) 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. Rank Group (The)'s annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $16.4 Mil. Rank Group (The)'s average total debt for the quarter that ended in Jun. 2023 was $297.7 Mil. Therefore, Rank Group (The)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 5.51%.

Rank Group (The) Effective Interest Rate on Debt % Historical Data

The historical data trend for Rank Group (The)'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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Rank Group (The) Effective Interest Rate on Debt % Chart

Rank Group (The) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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6.52

5.86

3.61

3.56

4.90

Rank Group (The) Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.77	3.46	3.80	4.23	5.51

Competitive Comparison of Rank Group (The)'s Effective Interest Rate on Debt %

For the Gambling subindustry, Rank Group (The)'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.

Rank Group (The)'s Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Rank Group (The)'s Effective Interest Rate on Debt % falls into.

Rank Group (The) Effective Interest Rate on Debt % Calculation

Rank Group (The)'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 * -15.025	/	( (319.827	+	293.813)	/ 2 )
=	-1 * -15.025	/	306.82
=	4.90 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	228.325	+	91.502
=	319.827

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	160.101	+	133.712
=	293.813

Rank Group (The)'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: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -16.414	/	( (301.584	+	293.813)	/ 2 )
=	-1 * -16.414	/	297.6985
=	5.51 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	204.994	+	96.59
=	301.584

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	160.101	+	133.712
=	293.813

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

Rank Group (The) (OTCPK:RANKF) Effective Interest Rate on Debt % Explanation

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

Rank Group (The) Effective Interest Rate on Debt % Related Terms

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Rank Group (The) (Rank Group (The)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rank Group (The) PLC (OTCPK:RANKF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

RNKl:UK RNK:UK RNKA:Germany

Address

TOR, Saint-Cloud Way, Maidenhead, GBR, SL6 8BN

Website

https://www.rank.com

Rank Group (The) PLC is a gambling company with five primary business segments: Grosvenor Venues, Mecca Venues, Digital, Enracha Venues, and Central Costs. Its largest revenue producer is Grosvenor Casinos, a multichannel casino operator in the United Kingdom, which operates a variety of casino and slot machine games. Mecca is a multichannel bingo chain that also operates in the U.K. Enracha is the company's gaming business, which operates in the Spanish market. Rank's digital business segment offers online sports betting and online poker. The company generates most of its revenue in the United Kingdom.