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Sphere Entertainment Co (Sphere Entertainment Co) Effective Interest Rate on Debt % : 7.05% (As of Mar. 2024)


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What is Sphere Entertainment Co 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. Sphere Entertainment Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $108.5 Mil. Sphere Entertainment Co's average total debt for the quarter that ended in Mar. 2024 was $1,537.8 Mil. Therefore, Sphere Entertainment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.05%.


Sphere Entertainment Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sphere Entertainment Co'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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Sphere Entertainment Co Effective Interest Rate on Debt % Chart

Sphere Entertainment Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 6.97 23.16 1.78 - -

Sphere Entertainment Co 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 - - - 7.22 7.05

Competitive Comparison of Sphere Entertainment Co's Effective Interest Rate on Debt %

For the Entertainment subindustry, Sphere Entertainment Co'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.


Sphere Entertainment Co's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

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

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



Sphere Entertainment Co Effective Interest Rate on Debt % Calculation

Sphere Entertainment Co'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  *  0/( (1086.507+1321.273)/ 2 )
=-1  *  0/1203.89
=0.00 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1013.954 + 72.553
=1086.507

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1228.646 + 92.627
=1321.273

Sphere Entertainment Co'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  *  -108.476/( (1535.546+1540)/ 2 )
=-1  *  -108.476/1537.773
=7.05 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=630.709 + 904.837
=1535.546

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=652.476 + 887.524
=1540

* 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.


Sphere Entertainment Co  (NYSE:SPHR) Effective Interest Rate on Debt % Explanation

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


Sphere Entertainment Co Effective Interest Rate on Debt % Related Terms

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Sphere Entertainment Co (Sphere Entertainment Co) Business Description

Traded in Other Exchanges
Address
Two Penn Plaza, New York, NY, USA, 10121
Sphere Entertainment Co is live entertainment and media company. The firm creates, writes, cast, produce, and tour shows and events. The company's portfolio includes Sphere, a next-generation entertainment medium to the world. The group has three reportable segments which include Entertainment, MSG Networks, and Tao Group Hospitality.
Executives
David Granville-smith officer: Executive Vice President TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Gregory Brunner officer: SVP, Controller & PAO TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Carl E Vogel director C/O SIRIUS XM RADIO INC., 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Gautam Ranji officer: EVP, CFO & Treasurer TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Isiah Iii Thomas director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Philip Gerard D'ambrosio officer: Interim CFO, Treasurer & Sec. TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Dolan Leinauer Corby other: Trustee of 13(d) Group Member BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Zeppetella Courtney M officer: SVP, Controller & CAO TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
David F. Byrnes officer: EVP & Chief Financial Officer C/O CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
Jamal H Haughton officer: EVP & General Counsel TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Joseph F Yospe officer: SVP, Controller & PAO 551 5TH AVENUE, SUITE 300, NEW YORK NY 10176
Andrea Greenberg officer: President/CEO-MSG Networks 11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
Joel M. Litvin director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10011
Scott S Packman officer: EVP & General Counsel TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Mark H Fitzpatrick officer: EVP & Chief Financial Officer TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121