Athena Consumer Acquisition (Athena Consumer Acquisition) Effective Interest Rate on Debt % : 86.52% (As of Jun. 2023)

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What is Athena Consumer 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. Athena Consumer Acquisition's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.73 Mil. Athena Consumer Acquisition's average total debt for the quarter that ended in Jun. 2023 was $0.85 Mil. Therefore, Athena Consumer Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 86.52%.

Athena Consumer Acquisition Effective Interest Rate on Debt % Historical Data

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

Athena Consumer Acquisition Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

Athena Consumer Acquisition Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				-	-	-	-	86.52

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

For the Shell Companies subindustry, Athena Consumer 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.

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

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

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

Athena Consumer Acquisition Effective Interest Rate on Debt % Calculation

Athena Consumer 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

Athena Consumer Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.732	/	( (0.697	+	0.995)	/ 2 )
=	-1 * -0.732	/	0.846
=	86.52 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.697
=	0.697

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.995
=	0.995

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

Athena Consumer Acquisition (AMEX:ACAQ.U) Effective Interest Rate on Debt % Explanation

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

Athena Consumer Acquisition Effective Interest Rate on Debt % Related Terms

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Athena Consumer Acquisition (Athena Consumer Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Athena Consumer Acquisition Corp (AMEX:ACAQ.U) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

442 5th Avenue, New York, NY, USA, 10018

Website

http://www.athenaconsumerspac.com

Athena Consumer Acquisition Corp is a blank check company.

Executives

Sarah M Kauss	director	611 BAINBRIDGE STREET, SUITE 100, RICHMOND VA 23224
Jennifer Carr-smith	officer: COO and President	28 LIBERTY STREET, NEW YORK NY 10005
Dee M Robinson	director	140 TOWER DRIVE, BURR RIDGE IL 60527
Kay Koplovitz	director	KOPLOVITZ & CO. LLC, 145 CENTRAL PARK WEST, APT 24C, NEW YORK NY 10023
Isabelle D. Freidheim	director, 10 percent owner	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Athena Consumer Acquisition Sponsor Llc	10 percent owner	442 5TH AVENUE, NEW YORK NY 10018
Angelina Smith	officer: Chief Financial Officer	C/O ATHENA ACQUISITION CORP., 442 5TH AVE., NEW YORK NY 10018
Jane Hyo-sung Park	officer: Chief Executive Officer	C/O ATHENA ACQUISITION CORP., 442 5TH AVE., NEW YORK NY 10018