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Kindred Group (Kindred Group) Effective Interest Rate on Debt % : 5.74% (As of Mar. 2024)


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What is Kindred 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. Kindred Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $12 Mil. Kindred Group's average total debt for the quarter that ended in Mar. 2024 was $213 Mil. Therefore, Kindred Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.74%.


Kindred Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Kindred 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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Kindred Group Effective Interest Rate on Debt % Chart

Kindred Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.76 2.67 3.55 3.20 6.23

Kindred Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.33 6.67 5.95 6.39 5.74

Competitive Comparison of Kindred Group's Effective Interest Rate on Debt %

For the Gambling subindustry, Kindred 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.


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

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

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



Kindred Group Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -14.304/( (227.649+231.645)/ 2 )
=-1  *  -14.304/229.647
=6.23 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=211.084 + 16.565
=227.649

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=212.278 + 19.367
=231.645

Kindred Group'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: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -12.2/( (231.645+193.774)/ 2 )
=-1  *  -12.2/212.7095
=5.74 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=212.278 + 19.367
=231.645

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=174.841 + 18.933
=193.774

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


Kindred Group  (OTCPK:KNDGF) Effective Interest Rate on Debt % Explanation

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


Kindred Group Effective Interest Rate on Debt % Related Terms

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Kindred Group (Kindred Group) Business Description

Address
C/o Camilleri Preziosi, South Street, Level 2, Valletta Buildings, Valletta, MLT, VLT 1103
Kindred Group PLC is an online gambling and gaming business that licenses online casino, poker, bingo, and sports betting. Its geographical reporting segments are as follows: the Nordics, Western Europe, Central, Eastern & Southern Europe, and Other. The company derives a majority of its revenue from Western Europe through gross winnings, betting duties, marketing revenue share, and other cost of sales. It operates through several different online brands, such as Unibet, Bingo.com, Maria Casino, and iGame. The Casino & Games products account for the most revenue, followed by Sports Betting, Poker, and Other.

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