Heartland Media Acquisition (Heartland Media Acquisition) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2023)

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What is Heartland Media Acquisition 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. Heartland Media Acquisition's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $0.00 Mil. Heartland Media Acquisition's average total debt for the quarter that ended in Mar. 2023 was $0.00 Mil. Therefore, Heartland Media Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was N/A%.

Heartland Media Acquisition Effective Interest Rate on Debt % Historical Data

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

Heartland Media Acquisition Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

917.44

Heartland Media Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				3,665.12	-	-	-	-

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

For the Shell Companies subindustry, Heartland Media Acquisition'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.

Heartland Media Acquisition's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

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

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

Heartland Media Acquisition Effective Interest Rate on Debt % Calculation

Heartland Media Acquisition'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 * -0.789	/	( (0.086	+	0)	/ 1 )
=	-1 * -0.789	/	0.086
=	917.44 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.086
=	0.086

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

Heartland Media Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

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

Heartland Media Acquisition (NYSE:HMA) Effective Interest Rate on Debt % Explanation

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

Heartland Media Acquisition Effective Interest Rate on Debt % Related Terms

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Heartland Media Acquisition (Heartland Media Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Heartland Media Acquisition Corp (NYSE:HMA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3282 Northside Parkway, Suite 275, Atlanta, GA, USA, 30327

Website

https://www.heartlandmediaacquisition.com

Heartland Media Acquisition Corp is a blank check company.

Executives

Prather Robert S Jr	director, 10 percent owner, officer: Chief Executive Officer
Heartland Sponsor Llc	10 percent owner	3282 NORTHSIDE PKWY NW, STE 275, ATLANTA GA 30327
Shawn Pack	officer: Chief Financial Officer	C/O HEARTLAND MEDIA ACQUISITION CORP., 3282 NORTHSIDE PKWY, SUITE 275, ATLANTA GA 30327
Alan J Weber	director	5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042
John S Zieser	director	1716 LOCUST STREET, LS 101-A; ATTN TERESA T. RINKER, DES MOINES IA 50309-3023
Salvatore Muoio	director	C/O LYNCH INTERACTIVE CORP, 401 THEODORE FREMD AVE, RYE NY 10580
Steven Todd Shapiro	director	C/O GOLDENTREE ASSET MANAGEMENT, 300 PARK AVENUE, NEW YORK NY 10022

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