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Twelve Seas Investment Co II (Twelve Seas Investment Co II) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)


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What is Twelve Seas Investment Co 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. Twelve Seas Investment Co II's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. Twelve Seas Investment Co II's average total debt for the quarter that ended in Sep. 2023 was $0.59 Mil. Therefore, Twelve Seas Investment Co II's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

Twelve Seas Investment Co II Effective Interest Rate on Debt % Historical Data

The historical data trend for Twelve Seas Investment Co 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.

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Twelve Seas Investment Co II Effective Interest Rate on Debt % Chart

Twelve Seas Investment Co II Annual Data
Trend Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
- - -

Twelve Seas Investment Co II Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Twelve Seas Investment Co II's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Twelve Seas Investment Co 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.

Twelve Seas Investment Co II's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Twelve Seas Investment Co II's Effective Interest Rate on Debt % falls into.


Twelve Seas Investment Co II Effective Interest Rate on Debt % Calculation

Twelve Seas Investment Co 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/( (0.038+0.037)/ 2 )
=-1  *  0/0.0375
=0.00 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.038
=0.038

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.037
=0.037

Twelve Seas Investment Co 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/( (0.437+0.737)/ 2 )
=-1  *  0/0.587
=0.00 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.437
=0.437

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.737
=0.737

* 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.

Twelve Seas Investment Co II  (NAS:TWLVU) Effective Interest Rate on Debt % Explanation

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

Twelve Seas Investment Co II Effective Interest Rate on Debt % Related Terms

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Twelve Seas Investment Co II (Twelve Seas Investment Co II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Twelve Seas Investment Co II (NAS:TWLVU) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ALSA CNDB RMGC FRXB FLFV FDOC BRD CSTA IRRX LGVC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
TWLV:USA
Address
228 Park Avenue South, Suite 89898, New York, NY, USA, 10003-1502
Website
Twelve Seas Investment Co II is a blank check company.
Executives
Robert Foresman director C/O GLOBAL CONSUMER ACQUISITION CORP, 1370 AVENUE OF THE AMERICAS, 28TH FLOOR, NEW YORK NY 10019
Dimitri Elkin director, 10 percent owner, officer: Chief Executive Officer 25/28 BURLINGTON STREET, LONDON X0 W1S 3AN
Jonathan D Morris director, 10 percent owner, officer: Chief Financial Officer C/O IMAGEWARE SYSTEMS, INC., 13500 EVENING CREEK DRIVE N SUITE 550, SAN DIEGO CA 92128
Neil Richardson director 21 GROSVENOR PLACE, LONDON X0 SW1X 7HF
Twelve Seas Sponsor Ii Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Anthony Steains director 2685 NOTTINGHAM AVENUE, LOS ANGELES CA 90027