Reef Casino Trust (Reef Casino Trust) Effective Interest Rate on Debt % : 14.36% (As of Dec. 2023)

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What is Reef Casino Trust 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. Reef Casino Trust's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4.11 Mil. Reef Casino Trust's average total debt for the quarter that ended in Dec. 2023 was $28.62 Mil. Therefore, Reef Casino Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 14.36%.

Reef Casino Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Reef Casino Trust'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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Reef Casino Trust Effective Interest Rate on Debt % Chart

Reef Casino Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.01

5.84

8.51

10.31

6.37

Reef Casino Trust Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															20.27	15.18	26.80	11.07	14.36

Competitive Comparison of Reef Casino Trust's Effective Interest Rate on Debt %

For the Resorts & Casinos subindustry, Reef Casino Trust'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.

Reef Casino Trust's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Reef Casino Trust's Effective Interest Rate on Debt % falls into.

Reef Casino Trust Effective Interest Rate on Debt % Calculation

Reef Casino Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -3.653	/	( (57.66	+	56.999)	/ 2 )
=	-1 * -3.653	/	57.3295
=	6.37 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	57.594	+	0.066
=	57.66

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56.929	+	0.07
=	56.999

Reef Casino Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -4.11	/	( (0.237	+	56.999)	/ 2 )
=	-1 * -4.11	/	28.618
=	14.36 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.169	+	0.068
=	0.237

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56.929	+	0.07
=	56.999

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

Reef Casino Trust (OTCPK:RCTUF) Effective Interest Rate on Debt % Explanation

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

Reef Casino Trust Effective Interest Rate on Debt % Related Terms

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Reef Casino Trust (Reef Casino Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Reef Casino Trust (OTCPK:RCTUF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

RCT:Australia

Address

Level 3, 249 Turbot Street, Sofitel Hotel, Brisbane, QLD, AUS, 4000

Website

https://www.reefcasino.com.au

Reef Casino Trust is engaged in the operation of the reef hotel-casino complex located in Cairns, Queensland, Australia. The company derives revenue from the casino which includes electronic gaming and table games, and hotel which includes room accommodation and food and beverage. The majority of the revenue is generated from the rental income received from the casino operations.