Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Effective Interest Rate on Debt % : 2.51% (As of Oct. 2023)

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What is Fermiere du Casino Municipal de Cannes 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. Fermiere du Casino Municipal de Cannes's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was €1.9 Mil. Fermiere du Casino Municipal de Cannes's average total debt for the quarter that ended in Oct. 2023 was €74.5 Mil. Therefore, Fermiere du Casino Municipal de Cannes's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 2.51%.

Fermiere du Casino Municipal de Cannes Effective Interest Rate on Debt % Historical Data

The historical data trend for Fermiere du Casino Municipal de Cannes'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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Fermiere du Casino Municipal de Cannes Effective Interest Rate on Debt % Chart

Fermiere du Casino Municipal de Cannes Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

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0.94

2.05

1.05

1.17

1.80

Fermiere du Casino Municipal de Cannes Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.93	1.05	1.46	1.13	2.51

Competitive Comparison of Fermiere du Casino Municipal de Cannes's Effective Interest Rate on Debt %

For the Resorts & Casinos subindustry, Fermiere du Casino Municipal de Cannes'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.

Fermiere du Casino Municipal de Cannes's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fermiere du Casino Municipal de Cannes's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Fermiere du Casino Municipal de Cannes's Effective Interest Rate on Debt % falls into.

Fermiere du Casino Municipal de Cannes Effective Interest Rate on Debt % Calculation

Fermiere du Casino Municipal de Cannes's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -1.382	/	( (81.103	+	72.174)	/ 2 )
=	-1 * -1.382	/	76.6385
=	1.80 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	71.512	+	9.591
=	81.103

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59.185	+	12.989
=	72.174

Fermiere du Casino Municipal de Cannes's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2023 )	+	Total Debt (Q: Oct. 2023 ))	/ count )
=	-1 * -1.87	/	( (76.753	+	72.174)	/ 2 )
=	-1 * -1.87	/	74.4635
=	2.51 %

where

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	64.772	+	11.981
=	76.753

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59.185	+	12.989
=	72.174

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

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Effective Interest Rate on Debt % Explanation

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

Fermiere du Casino Municipal de Cannes Effective Interest Rate on Debt % Related Terms

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Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fermiere du Casino Municipal de Cannes (XPAR:FCMC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Le Casino Croisette, 1 espace Lucien Barriere, Cannes, FRA, 06400

Website

http://www.lucienbarriere.com

Fermiere du Casino Municipal de Cannes operates a chain of casino hotels in France. The company offers accommodation, casinos, restaurants, golf courses, spas, and event management.

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Headlines

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