Altitude Acquisition (Altitude Acquisition) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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What is Altitude 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. Altitude Acquisition's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. Altitude Acquisition's average total debt for the quarter that ended in Sep. 2023 was $0.14 Mil. Therefore, Altitude Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

Altitude Acquisition Effective Interest Rate on Debt % Historical Data

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

Altitude Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

Altitude Acquisition Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
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Competitive Comparison of Altitude Acquisition's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Altitude 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.

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

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

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

Altitude Acquisition Effective Interest Rate on Debt % Calculation

Altitude 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	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

Altitude Acquisition'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	/	( (0.135	+	0.135)	/ 2 )
=	-1 * 0	/	0.135
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.135
=	0.135

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.135
=	0.135

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.

Altitude Acquisition (NAS:ALTUW) Effective Interest Rate on Debt % Explanation

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

Altitude Acquisition Effective Interest Rate on Debt % Related Terms

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