Apollo Strategic Growth Capital II (Apollo Strategic Growth Capital II) Effective Interest Rate on Debt % : 0.72% (As of Sep. 2023)

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What is Apollo Strategic Growth Capital II 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. Apollo Strategic Growth Capital II's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.04 Mil. Apollo Strategic Growth Capital II's average total debt for the quarter that ended in Sep. 2023 was $5.00 Mil. Therefore, Apollo Strategic Growth Capital II's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.72%.

Apollo Strategic Growth Capital II Effective Interest Rate on Debt % Historical Data

The historical data trend for Apollo Strategic Growth Capital II'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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Apollo Strategic Growth Capital II Effective Interest Rate on Debt % Chart

Apollo Strategic Growth Capital II Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

0.07

0.68

Apollo Strategic Growth Capital II Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											0.40	1.44	0.72	0.72	0.72

Competitive Comparison of Apollo Strategic Growth Capital II's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Apollo Strategic Growth Capital II'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.

Apollo Strategic Growth Capital II's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Apollo Strategic Growth Capital II's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Apollo Strategic Growth Capital II's Effective Interest Rate on Debt % falls into.

Apollo Strategic Growth Capital II Effective Interest Rate on Debt % Calculation

Apollo Strategic Growth Capital II'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 * -0.027	/	( (3	+	5)	/ 2 )
=	-1 * -0.027	/	4
=	0.68 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3
=	3

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5
=	5

Apollo Strategic Growth Capital II'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 * -0.036	/	( (5	+	5)	/ 2 )
=	-1 * -0.036	/	5
=	0.72 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5
=	5

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5
=	5

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.

Apollo Strategic Growth Capital II (NYSE:APGB.WS) Effective Interest Rate on Debt % Explanation

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

Apollo Strategic Growth Capital II Effective Interest Rate on Debt % Related Terms

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Apollo Strategic Growth Capital II (Apollo Strategic Growth Capital II) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West 57th Street, 42rd Floor, New York, NY, USA, 10019

Website

https://www.apollostrategicgrowthcapitalii.com

Apollo Strategic Growth Capital II is a blank check company.

Apollo Strategic Growth Capital II (Apollo Strategic Growth Capital II) Headlines

From GuruFocus

Apollo Strategic Growth Capital II Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

By GlobeNewswire • 11-11-2023