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RDGA (Ridgefield Acquisition) Effective Interest Rate on Debt % : 11.05% (As of Mar. 2025)


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What is Ridgefield 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. Ridgefield Acquisition's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was $0.02 Mil. Ridgefield Acquisition's average total debt for the quarter that ended in Mar. 2025 was $0.18 Mil. Therefore, Ridgefield Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 11.05%.


Ridgefield Acquisition Effective Interest Rate on Debt % Historical Data

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

Ridgefield Acquisition Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.57 1.77 2.44 9.78 9.06

Ridgefield Acquisition Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.03 10.39 12.23 - 11.05

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

For the Shell Companies subindustry, Ridgefield 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.


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

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

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


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Ridgefield Acquisition Effective Interest Rate on Debt % Calculation

Ridgefield Acquisition's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -0.014/( (0.143+0.166)/ 2 )
=-1  *  -0.014/0.1545
=9.06 %

where

Ridgefield Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2024 )+Total Debt  (Q: Mar. 2025 ))/ count )
=-1  *  -0.02/( (0.166+0.196)/ 2 )
=-1  *  -0.02/0.181
=11.05 %

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 (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Ridgefield Acquisition  (OTCPK:RDGA) Effective Interest Rate on Debt % Explanation

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


Ridgefield Acquisition Effective Interest Rate on Debt % Related Terms

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Ridgefield Acquisition Business Description

Traded in Other Exchanges
N/A
Address
3827 S Carson Street, Unit 505-25, PMB 1078, Carson, NV, USA, 89701
Ridgefield Acquisition Corp is a shell company. Its plan of operation is to arrange for a merger, acquisition, business combination or other arrangements by and between the company and a viable operating entity.
Executives
Steven N Bronson director, 10 percent owner, officer: President
Eugene Oshinsky 10 percent owner 5700 WHITE HICKORY CIRCLE, TAMARAC FL 33319
Rosa Oshinsky 10 percent owner 5700 WHITE HICKORY CIRCLE, TAMARAC FL 33319
Ram Capital Management Trust 01 10 percent owner 5700 WHITE HICKORY CIRCLE, TAMARAC FL 33319
Leonard Hagan director 650 THOMAS AVENUE, BALDWIN NY 11510
Kenneth Steven Schwartz director 26 NAVAJO ROAD, MANALAPAN NJ 07726

Ridgefield Acquisition Headlines

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