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Reservoir Media (Reservoir Media) Effective Interest Rate on Debt % : 6.24% (As of Dec. 2023)


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What is Reservoir Media 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. Reservoir Media's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $21.5 Mil. Reservoir Media's average total debt for the quarter that ended in Dec. 2023 was $344.1 Mil. Therefore, Reservoir Media's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.24%.


Reservoir Media Effective Interest Rate on Debt % Historical Data

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

Reservoir Media Annual Data
Trend Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
4.22 4.51 5.02

Reservoir Media Quarterly Data
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 5.66 5.41 5.82 6.86 6.24

Competitive Comparison of Reservoir Media's Effective Interest Rate on Debt %

For the Entertainment subindustry, Reservoir Media'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.


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

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

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



Reservoir Media Effective Interest Rate on Debt % Calculation

Reservoir Media'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  *  -14.756/( (269.856+318.564)/ 2 )
=-1  *  -14.756/294.21
=5.02 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=269.856 + 0
=269.856

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=318.564 + 0
=318.564

Reservoir Media'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  *  -21.488/( (338.736+349.439)/ 2 )
=-1  *  -21.488/344.0875
=6.24 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=338.736 + 0
=338.736

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=349.439 + 0
=349.439

* 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.


Reservoir Media  (NAS:RSVR) Effective Interest Rate on Debt % Explanation

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


Reservoir Media Effective Interest Rate on Debt % Related Terms

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Reservoir Media (Reservoir Media) Business Description

Traded in Other Exchanges
Address
200 Varick Street, Suite 801A, New York, NY, USA, 10014
Reservoir Media Inc is an independent music company. The company's segment includes Music Publishing; Recorded Music and others. It generates maximum revenue from the Music Publishing segment.
Executives
Ezra S. Field director 75 VARICK STREEET, 9TH FLOOR, NEW YORK NY 10013
Stephen M. Cook director 75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013
Ryan P. Taylor director 381 PARK AVENUE SOUTH, ROOM 1101, NEW YORK NY 10016
Essex Equity Joint Investment Vehicle, Llc other: May Be Deemed a 10% Owner 375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Richmond Hill Capital Partners, Lp other: May be deemed a 10% owner 375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
James A Heindlmeyer officer: Chief Financial Officer 75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013
Richmond Hill Advisors, Llc other: May be deemed a 10% owner 375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Golnar Khosrowshahi director, officer: Chief Executive Officer C/O RESTAURANT BRANDS INTERATIONAL INC., 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Richmond Hill Investments, Llc 10 percent owner 381 PARK AVENUE SOUTH, SUITE 1101, NEW YORK NY 10016
Adam Rothstein director 101 CROSS HWY, WESTPORT CA 92610
Er Reservoir Llc 10 percent owner C/O RICHMOND HILL INVESTMENTS, 375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Lafargue Rell Q. Jr. director, officer: President and COO 75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013
Gelder Neil De director 75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013
Essex Equity Holdings, Llc 10 percent owner 381 PARK AVENUE SOUTH, ROOM 1101, NEW YORK NY 10016
Jennifer G. Koss director 75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013