World Wrestling Entertainment (World Wrestling Entertainment) Effective Interest Rate on Debt % : 3.79% (As of Jun. 2023)

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What is World Wrestling 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. World Wrestling Entertainment's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $20 Mil. World Wrestling Entertainment's average total debt for the quarter that ended in Jun. 2023 was $522 Mil. Therefore, World Wrestling Entertainment's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 3.79%.

World Wrestling Entertainment Effective Interest Rate on Debt % Historical Data

The historical data trend for World Wrestling 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.

* Premium members only.

World Wrestling Entertainment Effective Interest Rate on Debt % Chart

World Wrestling Entertainment Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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7.21

6.59

5.48

5.02

3.39

World Wrestling Entertainment Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.94	3.43	3.04	2.71	3.79

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

For the Entertainment subindustry, World Wrestling 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.

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

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

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

World Wrestling Entertainment Effective Interest Rate on Debt % Calculation

World Wrestling Entertainment's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -21.156	/	( (619.496	+	628.723)	/ 2 )
=	-1 * -21.156	/	624.1095
=	3.39 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	401.028	+	218.468
=	619.496

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	398.893	+	229.83
=	628.723

World Wrestling Entertainment's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -19.78	/	( (628.835	+	414.636)	/ 2 )
=	-1 * -19.78	/	521.7355
=	3.79 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	399.2	+	229.635
=	628.835

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	396.338	+	18.298
=	414.636

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 (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

World Wrestling Entertainment (NYSE:WWE) Effective Interest Rate on Debt % Explanation

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

World Wrestling Entertainment Effective Interest Rate on Debt % Related Terms

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World Wrestling Entertainment (World Wrestling Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » World Wrestling Entertainment Inc (NYSE:WWE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1241 East Main Street, Stamford, CT, USA, 06902

Website

https://www.wwe.com

World Wrestling Entertainment Inc develops and produces television programming, pay-per-view programming, and live wrestling events. Its segments include Media, Live Events, and Consumer Products. The majority of its revenue comes from the Media segment, which includes the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, digital and social media, as well as filmed entertainment. The geographical segments are North America, which accounts for the majority of revenue; Europe/Middle East/Africa; Asia Pacific; and Latin America.

Executives

Karen M Mullane	officer: Controller & Chief Accting Off	C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Rajan Mehta	officer: EVP, Chief Product & Tech Off	1241 EAST MAIN STREET, STAMFORD CT 06902
Suzette Ramirez-carr	officer: EVP, Chief Human Resources Off	1241 EAST MAIN STREET, STAMFORD CT 06902
Steve Pamon	director	1241 E MAIN ST, STAMFORD CT 06902-3520
Steven R Koonin	director	625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Mckenna Michelle	director	20 DAVIS DRIVE, BELMONT CA 94002
Nick Khan	director, officer: Chief Executive Officer	1241 EAST MAIN STREET, STAMFORD CT 06902
Maurice F Edelson	officer: EVP, Chief Legal Officer	1241 EAST MAIN STREET, STAMFORD CT 06902
Dillon Joellen Lyons	director	BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HARTFORDSHIRE X0 AL 109UL
Riddick Frank A Iii	officer: President & CFO	C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130
Ignace Lahoud	director	1241 EAST MAIN STREET, STAMFORD CT 06902
Kevin Dunn	officer: Exec Prod. & Chief Glob. Telev	1241 EST MAIN STREET, STAMFORD CT 06902
Elisebeth Collins	officer: SVP General Counsel & Corp Sec	1241 EAST MAIN STREET, STAMFORD CT 06902
Bradley Blum	officer: EVP, Operations & COS	1241 EAST MAIN STREET, STAMFORD CT 06902
Samira Shah	officer: EVP, General Counsel & Corp Se	1241 EAST MAIN STREET, STAMFORD CT 06902