The Star Entertainment Group (ASX:SGR) Effective Interest Rate on Debt % : 15.89% (As of Dec. 2023)

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What is The Star Entertainment Group 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. The Star Entertainment Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$84 Mil. The Star Entertainment Group's average total debt for the quarter that ended in Dec. 2023 was A$529 Mil. Therefore, The Star Entertainment Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 15.89%.

The Star Entertainment Group Effective Interest Rate on Debt % Historical Data

The historical data trend for The Star Entertainment Group'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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The Star Entertainment Group Effective Interest Rate on Debt % Chart

The Star Entertainment Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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3.60

3.49

3.76

3.72

10.23

The Star Entertainment Group 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															3.71	3.48	5.32	13.93	15.89

Competitive Comparison of The Star Entertainment Group's Effective Interest Rate on Debt %

For the Resorts & Casinos subindustry, The Star Entertainment Group'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.

The Star Entertainment Group's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

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

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

The Star Entertainment Group Effective Interest Rate on Debt % Calculation

The Star Entertainment Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -106.9	/	( (1332.5	+	757.2)	/ 2 )
=	-1 * -106.9	/	1044.85
=	10.23 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1326.4	+	6.1
=	1332.5

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	751.2	+	6
=	757.2

The Star Entertainment Group'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 * -84	/	( (757.2	+	300.4)	/ 2 )
=	-1 * -84	/	528.8
=	15.89 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	751.2	+	6
=	757.2

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	294.2	+	6.2
=	300.4

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.

The Star Entertainment Group (ASX:SGR) Effective Interest Rate on Debt % Explanation

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

The Star Entertainment Group Effective Interest Rate on Debt % Related Terms

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The Star Entertainment Group (ASX:SGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Star Entertainment Group Ltd (ASX:SGR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

EHGRF:USA EE9:Germany

Address

159 William Street, Level 3, Brisbane, QLD, AUS, 4000

Website

https://www.starentertainmentgroup.com.au

The Star Entertainment Group operates three hotel and casino complexes in Australia: The Star in Sydney (licence expiring in 2093, with electronic gaming machine exclusivity expiring in 2041), The Star Gold Coast (a perpetual licence), and Treasury Casino and Hotel in Brisbane (licence expiring in 2070). The Queen's Wharf development in Brisbane will have a 99-year licence on completion in 2024 (with a 25-year exclusivity period), replacing the Treasury Casino and Hotel, which will be repurposed into a hotel and retail site.

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