GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lakeshore Acquisition II Corp (NAS:LBBB) » Definitions » Effective Interest Rate on Debt %

Lakeshore Acquisition II (Lakeshore Acquisition II) Effective Interest Rate on Debt % : 0.55% (As of Sep. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Lakeshore Acquisition II 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. Lakeshore Acquisition II's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. Lakeshore Acquisition II's average total debt for the quarter that ended in Sep. 2023 was $0.73 Mil. Therefore, Lakeshore Acquisition II's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.55%.


Lakeshore Acquisition II Effective Interest Rate on Debt % Historical Data

The historical data trend for Lakeshore Acquisition II'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.

Lakeshore Acquisition II Effective Interest Rate on Debt % Chart

Lakeshore Acquisition II Annual Data
Trend Dec21 Dec22
Effective Interest Rate on Debt %
- -

Lakeshore Acquisition II Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.77 0.55

Competitive Comparison of Lakeshore Acquisition II's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Lakeshore Acquisition II'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.


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

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

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



Lakeshore Acquisition II Effective Interest Rate on Debt % Calculation

Lakeshore Acquisition II'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/( (0.3+0)/ 1 )
=-1  *  0/0.3
=0.00 %

where

Lakeshore Acquisition II's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -0.004/( (0.59+0.87)/ 2 )
=-1  *  -0.004/0.73
=0.55 %

where

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


Lakeshore Acquisition II  (NAS:LBBB) Effective Interest Rate on Debt % Explanation

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


Lakeshore Acquisition II Effective Interest Rate on Debt % Related Terms

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


Lakeshore Acquisition II (Lakeshore Acquisition II) Business Description

Traded in Other Exchanges
N/A
Address
667 Madison Avenue, New York, NY, USA, 10065
Website
Lakeshore Acquisition II Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
H. David Sherman director 38 HOMEWOOD ROAD, NEWTON MA 02468
Jon M. Montgomery director C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106
Deyin Chen director, 10 percent owner, officer: CEO and CFO 300 JINXIU ROAD, SHANGHAI F4 200135
Redone Investment Ltd 10 percent owner SUITE A-2F, 555 SHIHUI ROAD, SONGJIANG DISTRICT, SHANGHAI F4 2001100
Mingyu Li director 555 SHIHUI ROAD, SONGJIANG DISTRICT, SHANGHAI F4 201100