GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Vivid Seats Inc (NAS:SEAT) » Definitions » Effective Interest Rate on Debt %

Vivid Seats (Vivid Seats) Effective Interest Rate on Debt % : 7.16% (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Vivid Seats 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. Vivid Seats's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $20.3 Mil. Vivid Seats's average total debt for the quarter that ended in Mar. 2024 was $284.0 Mil. Therefore, Vivid Seats's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.16%.


Vivid Seats Effective Interest Rate on Debt % Historical Data

The historical data trend for Vivid Seats'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.

* Premium members only.

Vivid Seats Effective Interest Rate on Debt % Chart

Vivid Seats Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
6.78 7.72 8.70 3.46 4.76

Vivid Seats Quarterly Data
Dec19 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 4.65 3.94 3.59 6.89 7.16

Competitive Comparison of Vivid Seats's Effective Interest Rate on Debt %

For the Internet Content & Information subindustry, Vivid Seats'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.


Vivid Seats's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

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

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



Vivid Seats Effective Interest Rate on Debt % Calculation

Vivid Seats'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  *  -13.505/( (282.559+284.78)/ 2 )
=-1  *  -13.505/283.6695
=4.76 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=279.809 + 2.75
=282.559

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=280.847 + 3.933
=284.78

Vivid Seats'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  *  -20.328/( (284.78+283.238)/ 2 )
=-1  *  -20.328/284.009
=7.16 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=280.847 + 3.933
=284.78

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=279.661 + 3.577
=283.238

* 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.


Vivid Seats  (NAS:SEAT) Effective Interest Rate on Debt % Explanation

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


Vivid Seats Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Vivid Seats's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Vivid Seats (Vivid Seats) Business Description

Traded in Other Exchanges
N/A
Address
24 E. Washington Street, Suite 900, Chicago, IL, USA, 60602
Vivid Seats Inc is an online ticket marketplace for connecting fans to live events and artists. It is the official ticketing partner of brands in the entertainment industry providing tickets for sports, concerts, theatres, and comedy. It operates in two segments namely marketplace and resale.
Executives
Edward Pickus officer: Chief Accounting Officer C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Jonathan Miles Wagner officer: Chief Technology Officer C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Riva Bakal officer: SVP, Strategy & Product C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Hoya Topco, Llc 10 percent owner C/O KIRKLAND & ELLIS LLP, 555 CALIFORNIA STREET, SUITE 2700, SAN FRANCISCO CA 94104
Emily T Epstein officer: General Counsel 101 MERRITT 7, NORWALK CT 06851
Craig A. Dixon director C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
David E. Morris officer: General Counsel C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Sbt Investors Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Todd L Boehly director, 10 percent owner 600 STEAMBOAT ROAD, GREENWICH CT 06830
Eldridge Industries, Llc 10 percent owner 600 STEAMBOAT ROAD, GREENWICH CT 06830
Horizon Sponsor, Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Jane E. Deflorio director 3000 N.W. 107TH AVENUE, MIAMI FL 33172
Post Portfolio Trust, Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Security Benefit Life Insurance Co /ks/ 10 percent owner ONE SECURITY BENEFIT PLACE, TOPEKA KS 66636-0001
Julie D. Masino director C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606