Universal Entertainment (TSE:6425) Effective Interest Rate on Debt % : 9.88% (As of Mar. 2024)

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What is Universal Entertainment 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. Universal Entertainment's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円17,816 Mil. Universal Entertainment's average total debt for the quarter that ended in Mar. 2024 was 円180,338 Mil. Therefore, Universal Entertainment's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.88%.

Universal Entertainment Effective Interest Rate on Debt % Historical Data

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

Universal Entertainment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.47

6.76

6.39

8.13

9.21

Universal Entertainment 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															8.33	8.02	9.59	10.01	9.88

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

For the Leisure subindustry, Universal Entertainment'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.

Universal Entertainment's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

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

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

Universal Entertainment Effective Interest Rate on Debt % Calculation

Universal Entertainment'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 * -16050	/	( (173528	+	174927)	/ 2 )
=	-1 * -16050	/	174227.5
=	9.21 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	166229	+	7299
=	173528

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56650	+	118277
=	174927

Universal Entertainment'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 * -17816	/	( (174927	+	185749)	/ 2 )
=	-1 * -17816	/	180338
=	9.88 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56650	+	118277
=	174927

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59749	+	126000
=	185749

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.

Universal Entertainment (TSE:6425) Effective Interest Rate on Debt % Explanation

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

Universal Entertainment Effective Interest Rate on Debt % Related Terms

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Universal Entertainment (TSE:6425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Universal Entertainment Corp (TSE:6425) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

RUZ:Germany

Address

Ariake Frontier Building A, 3-7-26 Ariake Koto-ku, Tokyo, JPN, 135-0063

Website

http://www.universal-777.com

Universal Entertainment Corp is a Japanese manufacturer of gaming machines. The company's primary business, which constitutes the majority of consolidated revenue, is to manufacture and sell Pachislot and Pachinko gaming machines, and related parts and peripherals. Universal Entertainment also operates the Okada Manila casino resort in Manila Bay, Philippines. In addition to gaming operations, the company has businesses in media content, broadcasting, online games, and restaurants. The company derives the vast majority of income domestically.

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