AtlasClear Holdings (AtlasClear Holdings) Effective Interest Rate on Debt % : 9.49% (As of Jun. 2023)

View and export this data going back to 2024. Start your Free Trial

What is AtlasClear Holdings 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. AtlasClear Holdings's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.08 Mil. AtlasClear Holdings's average total debt for the quarter that ended in Jun. 2023 was $0.88 Mil. Therefore, AtlasClear Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 9.49%.

AtlasClear Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for AtlasClear Holdings'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.

* Premium members only.

AtlasClear Holdings Effective Interest Rate on Debt % Chart

AtlasClear Holdings Annual Data

Trend

Jun22

Effective Interest Rate on Debt %

7.42

AtlasClear Holdings Semi-Annual Data
	Jun22	Jun23
Effective Interest Rate on Debt %	7.42	9.49

Competitive Comparison of AtlasClear Holdings's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, AtlasClear Holdings'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.

AtlasClear Holdings's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, AtlasClear Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

AtlasClear Holdings Effective Interest Rate on Debt % Calculation

AtlasClear Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: Jun. 2022 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

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

AtlasClear Holdings'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: Jun. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.083	/	( (0.944	+	0.806)	/ 2 )
=	-1 * -0.083	/	0.875
=	9.49 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.793	+	0.151
=	0.944

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.69	+	0.116
=	0.806

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

AtlasClear Holdings (AMEX:ATCH) Effective Interest Rate on Debt % Explanation

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

AtlasClear Holdings Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of AtlasClear Holdings's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

AtlasClear Holdings (AtlasClear Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AtlasClear Holdings Inc (AMEX:ATCH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4221 W. Boy Scout Boulevard, Suite 300, Tampa, FL, USA, 33607

Website

https://www.atlasclear.com

AtlasClear Holdings Inc is a fintech company. Its goal is to build a cutting-edge technology-enabled financial services firm that would create a more efficient platform for trading, clearing, settlement and banking of evolving and innovative financial products with a focus on financial services firms, generally with annual revenues up to $1 billion, including small and mid-sized banks, brokerage firms, hedge funds, pension plans, and family offices that are not adequately served by today's larger correspondent clearing firms and banks.

AtlasClear Holdings (AtlasClear Holdings) Headlines

From GuruFocus

Thinking about buying stock in MicroCloud Hologram, CleanSpark, Cardiol Therapeutics, Atlasclear Holdings, or EZCORP?

By PRNewswire • 02-26-2024