Playground Ventures (XCNQ:PLAY) Effective Interest Rate on Debt % : 184.62% (As of Mar. 2024)

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What is Playground Ventures 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. Playground Ventures's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.02 Mil. Playground Ventures's average total debt for the quarter that ended in Mar. 2024 was C$0.01 Mil. Therefore, Playground Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 184.62%.

Playground Ventures Effective Interest Rate on Debt % Historical Data

The historical data trend for Playground Ventures'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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Playground Ventures Effective Interest Rate on Debt % Chart

Playground Ventures Annual Data

Trend

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Dec22

Effective Interest Rate on Debt %

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Playground Ventures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	184.62

Competitive Comparison of Playground Ventures's Effective Interest Rate on Debt %

For the Electronic Gaming & Multimedia subindustry, Playground Ventures'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.

Playground Ventures's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

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

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

Playground Ventures Effective Interest Rate on Debt % Calculation

Playground Ventures's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.015	/	( (0	+	0)	/ 1 )
=	-1 * -0.015	/	0
=	N/A %

where

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

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

Playground Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.024	/	( (0	+	0.013)	/ 1 )
=	-1 * -0.024	/	0.013
=	184.62 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.013
=	0.013

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

Playground Ventures (XCNQ:PLAY) Effective Interest Rate on Debt % Explanation

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

Playground Ventures Effective Interest Rate on Debt % Related Terms

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Playground Ventures (XCNQ:PLAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Playground Ventures Inc (XCNQ:PLAY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100-736 Granville Street, Vancouver, BC, CAN, V6Z 1G3

Website

http://www.playgroundventures.com

Playground Ventures Inc, formerly Blocplay Entertainment Inc is a Canada-based video game publisher that publishes video games that either develop internally or engage a video game developer to build. The company is mainly engaged in the business of software games development and related services. The company derives its revenue from development fees, which is contract-specific for the development of technology; and online game sales, and platform sales.

Executives

Damien Edward Reynolds

10% Security Holder