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Bite Acquisition (Bite Acquisition) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Bite 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. Bite Acquisition's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Bite Acquisition's average total debt for the quarter that ended in Mar. 2024 was $0.96 Mil. Therefore, Bite Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


Bite Acquisition Effective Interest Rate on Debt % Historical Data

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

Bite Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - - -

Bite Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

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

For the Shell Companies subindustry, Bite 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.


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

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

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



Bite Acquisition Effective Interest Rate on Debt % Calculation

Bite Acquisition's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  0/( (0.333+0.924)/ 2 )
=-1  *  0/0.6285
=0.00 %

where

Bite Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  0/( (0.924+0.998)/ 2 )
=-1  *  0/0.961
=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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Bite Acquisition  (AMEX:BITE) Effective Interest Rate on Debt % Explanation

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


Bite Acquisition Effective Interest Rate on Debt % Related Terms

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Bite Acquisition (Bite Acquisition) Business Description

Traded in Other Exchanges
Address
30 West Street, No. 28 F, New York, NY, USA, 10004
Bite Acquisition Corp is a blank check company.
Executives
Julia A Stewart director 4551 WEST 107TH STREET STE 100, C/O APPLEBEES INTERNATIONAL INC, OVERLAND PARK KS 66207
Joseph C. Essa director C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Smart Dine, Llc 10 percent owner 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Axel Molet Warschawski officer: Chief Financial Officer C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Randall Hiatt director C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Alberto Ardura Gonzalez director, officer: Chief Executive Officer C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Gomez Rafael Felipe De Jesus Aguirre director C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004