VIP Entertainment Technologies (TSXV:VIP.H) Effective Interest Rate on Debt %: 3.20% (As of Dec. 2024)


What is VIP Entertainment Technologies Effective Interest Rate on Debt %?

VIP Entertainment Technologies TSXV:VIP.H Effective Interest Rate on Debt % is 3.20% as of Dec. 2024.

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. VIP Entertainment Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was C$0.00 Mil. VIP Entertainment Technologies's average total debt for the quarter that ended in Dec. 2024 was C$0.13 Mil. Therefore, VIP Entertainment Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 3.20%.

VIP Entertainment Technologies  (TSXV:VIP.H) Effective Interest Rate on Debt % Explanation

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

VIP Entertainment Technologies Effective Interest Rate on Debt % Related Terms

VIP Entertainment Technologies Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for VIP Entertainment 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.

VIP Entertainment Technologies Effective Interest Rate on Debt % Chart

VIP Entertainment Technologies Annual Data
Trend Mar19 Mar20 Mar21 Mar22
Effective Interest Rate on Debt %
0.00 0.00 0.00 0.00

VIP Entertainment Technologies Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24
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 18.82 13.06 2.87 3.29 3.20

TSXV:VIP.H vs DKNG, CHDN, LNW: Effective Interest Rate on Debt % Comparison

For the Gambling subindustry, VIP Entertainment 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.

VIP Entertainment Technologies Effective Interest Rate on Debt % vs Travel & Leisure Industry

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

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


VIP Entertainment Technologies Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2021 )+Total Debt  (A: Mar. 2022 ))/ count )
=-1  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

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

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

VIP Entertainment Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -0.004/( (0.122+0.128)/ 2 )
=-1  *  -0.004/0.125
=3.20 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.122
=0.122

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.128
=0.128

* 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 (Dec. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 3.20% mean?
VIP Entertainment Technologies (TSXV:VIP.H) has a Effective Interest Rate on Debt % of 3.20% as of Dec. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on VIP Entertainment Technologies and its competitors.
Is VIP Entertainment Technologies' Effective Interest Rate on Debt % too high?
VIP Entertainment Technologies' current Effective Interest Rate on Debt % is 3.20%.
How does VIP Entertainment Technologies' Effective Interest Rate on Debt % compare to DKNG and CHDN?
VIP Entertainment Technologies' Effective Interest Rate on Debt % of 3.20% can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Travel & Leisure company?
A good Effective Interest Rate on Debt % depends on the Travel & Leisure industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on VIP Entertainment Technologies and its competitors. VIP Entertainment Technologies's current Effective Interest Rate on Debt % is 3.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VIP Entertainment Technologies stock overvalued right now?
VIP Entertainment Technologies (TSXV:VIP.H) has a current Effective Interest Rate on Debt % of 3.20%. The current Effective Interest Rate on Debt % is 3.20%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For VIP Entertainment Technologies (TSXV:VIP.H), the current Effective Interest Rate on Debt % is 3.20% as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

VIP Entertainment Technologies Business Description

Address 3200, 500 4th Avenue SW, Calgary, AB, CAN, T2P 2V6
VIP Entertainment Technologies Inc is engaged in sports betting, casino games and poker through its VIP Bets platform and social gaming through its Free to Play platform, VIPFree2Play were suspended.