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AF Acquisition (AF Acquisition) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2022)


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What is AF 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. AF Acquisition's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $0.00 Mil. AF Acquisition's average total debt for the quarter that ended in Sep. 2022 was $0.02 Mil. Therefore, AF Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 0.00%.

AF Acquisition Effective Interest Rate on Debt % Historical Data

The historical data trend for AF 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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AF Acquisition Effective Interest Rate on Debt % Chart

AF Acquisition Annual Data
Trend Dec21
Effective Interest Rate on Debt %
-

AF Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Effective Interest Rate on Debt % Get a 7-Day Free Trial - - - - -

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

For the Shell Companies subindustry, AF 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.

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

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

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


AF Acquisition Effective Interest Rate on Debt % Calculation

AF Acquisition's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: . 20 )+Total Debt  (A: Dec. 2021 ))/ count )
=-1  *  /( (+)/ )
=-1  *  /
= %

where

Total Debt  (A: . 20 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
= +
=

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

AF Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2022 )+Total Debt  (Q: Sep. 2022 ))/ count )
=-1  *  0/( (0+0.017)/ 1 )
=-1  *  0/0.017
=0.00 %

where

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

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.017
=0.017

* 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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

AF Acquisition  (NAS:AFAQU) Effective Interest Rate on Debt % Explanation

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

AF Acquisition Effective Interest Rate on Debt % Related Terms

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AF Acquisition (AF Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AF Acquisition Corp (NAS:AFAQU) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
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Traded in Other Exchanges
N/A
Address
139 North County Road, Floor 2, Suite 35, Palm Beach, FL, USA, 33480
Website
https://www.afacq.com
AF Acquisition Corp is a blank check company.
Executives
Andrew R Heyer director 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
Mary Fox director TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Christopher Bradley officer: CFO & Secretary 650 5TH AVENUE, FLOOR 10, NEW YORK NY 10019
Jordan Gaspar director, 10 percent owner, officer: Chief Executive Officer 139 NORTH COUNTY ROAD FLOOR 2, SUITE 35, PALM BEACH FL 33480
Andrew Scharf director, 10 percent owner, officer: Chairman, President 139 NORTH COUNTY ROAD FLOOR 2, SUITE 35, PALM BEACH FL 33480
Nola Weinstein director 139 NORTH COUNTY ROAD FLOOR 2, SUITE 35, PALM BEACH FL 33480
Af Sponsor Llc 10 percent owner 139 NORTH COUNTY ROAD, FLOOR 2, SUITE 35, PALM BEACH FL 33480