VRVR (Virtual Interactive Technologies) Effective Interest Rate on Debt %: 11.14% (As of Jun. 2024)


VRVR Virtual Interactive Technologies Corp VRVR
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What is Virtual Interactive Technologies Effective Interest Rate on Debt %?

Virtual Interactive Technologies VRVR 12 Effective Interest Rate on Debt % is 11.14% as of Jun. 2024. GuruFocus rates VRVR with a GF Score™ of 12/100.

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. Virtual Interactive Technologies's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.14 Mil. Virtual Interactive Technologies's average total debt for the quarter that ended in Jun. 2024 was $1.22 Mil. Therefore, Virtual Interactive Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 11.14%.


Virtual Interactive Technologies  (OTCPK:VRVR) Effective Interest Rate on Debt % Explanation

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


Virtual Interactive Technologies Effective Interest Rate on Debt % Related Terms


Virtual Interactive Technologies Effective Interest Rate on Debt % Historical Data

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The historical data trend for Virtual Interactive 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.

Virtual Interactive Technologies Effective Interest Rate on Debt % Chart

Virtual Interactive Technologies Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.76 6.19 6.56 58.12 32.57

Virtual Interactive Technologies Quarterly Data
Aug19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 11.79 16.71 14.09 10.81 11.14

VRVR vs FMHS, GROM, NTES: Effective Interest Rate on Debt % Comparison

For the Electronic Gaming & Multimedia subindustry, Virtual Interactive 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.


Virtual Interactive Technologies Effective Interest Rate on Debt % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Virtual Interactive Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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


VRVR
12GF Score
Virtual Interactive Technologies Corp VRVR
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Virtual Interactive Technologies Effective Interest Rate on Debt % Calculation

Virtual Interactive Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -0.364/( (1.014+1.221)/ 2 )
=-1  *  -0.364/1.1175
=32.57 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.01 + 1.004
=1.014

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.01 + 1.211
=1.221

Virtual Interactive Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -0.136/( (1.221+1.221)/ 2 )
=-1  *  -0.136/1.221
=11.14 %

where

* 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 (Jun. 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 11.14% mean?
Virtual Interactive Technologies (VRVR) has a Effective Interest Rate on Debt % of 11.14% as of Jun. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Virtual Interactive Technologies and its competitors.
Is Virtual Interactive Technologies' Effective Interest Rate on Debt % too high?
Virtual Interactive Technologies' current Effective Interest Rate on Debt % is 11.14%. Overall, Virtual Interactive Technologies has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Virtual Interactive Technologies' Effective Interest Rate on Debt % compare to FMHS and GROM?
Virtual Interactive Technologies' Effective Interest Rate on Debt % of 11.14% can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Effective Interest Rate on Debt % depends on the Interactive Media 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 Virtual Interactive Technologies and its competitors. Virtual Interactive Technologies's current Effective Interest Rate on Debt % is 11.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtual Interactive Technologies stock overvalued right now?
Virtual Interactive Technologies (VRVR) has a current Effective Interest Rate on Debt % of 11.14%. The current Effective Interest Rate on Debt % is 11.14%. Virtual Interactive Technologies' overall GF Score™ is 12/100. 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 Virtual Interactive Technologies (VRVR), the current Effective Interest Rate on Debt % is 11.14% as of Jun. 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.

Virtual Interactive Technologies Business Description

Address 600 17th Street, Suite 2800 South, Denver, CO, USA, 80202
Virtual Interactive Technologies Corp is a next-generation game and metaverse developer that creates immersion experiences by harnessing the latest technologies, including Blockchain and digital assets. The Company's newly launched brand, Extrosive, is building a metaverse that replaces traditional boring financial experiences with a new paradigm, global Prosperity space (gPs). This new asset class dynamically augments global and local realities and builds communities of aligned financial values, virtuous economies, and a trusted network. The Company also entered into a joint development partnership with Duane Lee Dog Chapman, of the Dog The Bounty Hunter fame, to develop and promote multiple games across several platforms.
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