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


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What is ACE Convergence 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. ACE Convergence Acquisition's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $0.00 Mil. ACE Convergence Acquisition's average total debt for the quarter that ended in Sep. 2022 was $2.44 Mil. Therefore, ACE Convergence Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 0.00%.


ACE Convergence Acquisition Effective Interest Rate on Debt % Historical Data

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

ACE Convergence Acquisition Annual Data
Trend Dec20 Dec21
Effective Interest Rate on Debt %
- -

ACE Convergence Acquisition Quarterly Data
May20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Competitive Comparison of ACE Convergence Acquisition's Effective Interest Rate on Debt %

For the Shell Companies subindustry, ACE Convergence 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.


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

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

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



ACE Convergence Acquisition Effective Interest Rate on Debt % Calculation

ACE Convergence 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: Dec. 2020 )+Total Debt  (A: Dec. 2021 ))/ count )
=-1  *  0/( (0+0.528)/ 1 )
=-1  *  0/0.528
=0.00 %

where

ACE Convergence 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/( (2.329+2.551)/ 2 )
=-1  *  0/2.44
=0.00 %

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


ACE Convergence Acquisition  (NAS:ACEVU) Effective Interest Rate on Debt % Explanation

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


ACE Convergence Acquisition Effective Interest Rate on Debt % Related Terms

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ACE Convergence Acquisition (ACE Convergence Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
1013 Centre Road, Suite 403S, Wilmington, DE, USA, 19805
Website
ACE Convergence Acquisition Corp is a blank check company.
Executives
Omid Tahernia director 2100 LOGIC DRIVE, SAN JOSE CA 95124
Kenneth Klein director 700 SAGINAW DRIVE, REDWOOD CITY CA 94063
Behrooz L. Abdi director, officer: Chief Executive Officer 1875 CHARLESTON ROAD, MOUNTAIN VIEW CA 94043
Ryan A Benton director 48720 KATO ROAD, FREMONT CA 94538
Ace Convergence Acquisition Llc director, 10 percent owner 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Raquel Chmielewski director C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Minyoung Park officer: Chief Financial Officer C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Sunny Siu director, officer: President C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Denis Tse director, officer: Secretary C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805

ACE Convergence Acquisition (ACE Convergence Acquisition) Headlines

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