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Cineverse (Cineverse) Effective Interest Rate on Debt % : 19.59% (As of Dec. 2023)


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What is Cineverse 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. Cineverse's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.16 Mil. Cineverse's average total debt for the quarter that ended in Dec. 2023 was $5.94 Mil. Therefore, Cineverse's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 19.59%.


Cineverse Effective Interest Rate on Debt % Historical Data

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

Cineverse Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.74 12.91 13.19 5.59 37.10

Cineverse Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 32.25 29.62 19.16 12.90 19.59

Competitive Comparison of Cineverse's Effective Interest Rate on Debt %

For the Entertainment subindustry, Cineverse'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.


Cineverse's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

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

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



Cineverse Effective Interest Rate on Debt % Calculation

Cineverse's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -1.29/( (0.749+6.205)/ 2 )
=-1  *  -1.29/3.477
=37.10 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.491 + 0.258
=0.749

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.863 + 5.342
=6.205

Cineverse'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: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -1.164/( (5.981+5.902)/ 2 )
=-1  *  -1.164/5.9415
=19.59 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.645 + 5.336
=5.981

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.531 + 5.371
=5.902

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


Cineverse  (NAS:CNVS) Effective Interest Rate on Debt % Explanation

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


Cineverse Effective Interest Rate on Debt % Related Terms

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Cineverse (Cineverse) Business Description

Traded in Other Exchanges
N/A
Address
244 Fifth Avenue, Suite M289, New York, NY, USA, 10001
Cineverse Corp is a streaming technology and entertainment company. It operates portfolios of owned and operated streaming channels, all powered by its, proprietary technology platform. Cineverse currently features enthusiast brands for subscription video on demand (SVOD), advertising-based video on demand (AVOD), and free, ad-supported streaming television (FAST) channels. The company mainly operates through two segments, Content & Entertainment, and Cinema Equipment, from which Content & Entertainment derives the majority of its revenues.
Executives
Mark Torres officer: Chief People Officer 244 FIFTH AVENUE, SUITE M289, NEW YORK NY 10001
Yolanda Macias officer: Chief Content Officer 228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266
Mark Wayne Lindsey officer: CFO 9841 WASHINGTONIAN BLVD, STE. #390, GAITHERSBURG MD 20878
Christopher J Mcgurk director, officer: CEO and Chairman C/O METRO-GOLDWYN-MAYER INC., 10250 CONSTELLATION BLVD., LOS ANGELES CA 90067
John K. Canning officer: CFO 237 WEST 35TH STREET, SUITE 605, NEW YORK NY 10001
Mark Antonio Huidor officer: COO and CTO 10353 VARIEL AVENUE, CHATSWORTH CA 91311
Erick Opeka officer: President - Networks 15301 VENTURA BLVD., B SUITE 420, LOS ANGELES CA 91403
Ashok Amritraj director C/O HYDE PARK ENTERTAINMENT, INC., 16633 VENTURA BOULEVARD, #1450, ENCINO CA 91436
Pat O'brien director C/O IRONCLAD PERFORMANCE WEAR CORP., 2201 PARK PLACE, SUITE 101, EL SEGUNDO CA 90245
Peixin Xu director, 10 percent owner B609-610, 21ST CENTURY TOWER. NO. 40, LIANGMAQIAO ROAD, CHAOYANG DISTRICT, BEIJING F4 100016
Beitai Investment Ltd other: Former 10% Owner 89 NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KYI-9009
Bison Entertainment Investment Ltd 10 percent owner UNIT 1501-2, 15F SINO PLAZA, 255 GLOUCESTER ROAD, CAUSEWAY BAY K3 00000
Bison Entertainment & Media Group 10 percent owner UNIT 1501-2, 15F SINO PLAZA, 255 GLOUCESTER ROAD, CAUSEWAY BAY K3 00000
Fengyun Jiang 10 percent owner B609-610, 21ST CENTURY TOWER. NO. 40, LIANGMAQIAO ROAD, CHAOYANG DISTRICT, BEIJING F4 100016
Bison Capital Holding Co Ltd 10 percent owner 609-610, 21ST CENTURY TOWER, 40 LIANGMAQIAO RD, CHAOYANG DISTRICT, BEIJING F4 100016