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Empowerment &lusion Capital I (Empowerment &lusion Capital I) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2022)


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What is Empowerment &lusion Capital I 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. Empowerment &lusion Capital I's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $0.00 Mil. Empowerment &lusion Capital I's average total debt for the quarter that ended in Sep. 2022 was $0.07 Mil. Therefore, Empowerment &lusion Capital I's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 0.00%.

Empowerment &lusion Capital I Effective Interest Rate on Debt % Historical Data

The historical data trend for Empowerment &lusion Capital I'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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Empowerment &lusion Capital I Effective Interest Rate on Debt % Chart

Empowerment &lusion Capital I Annual Data
Trend Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
- - - -

Empowerment &lusion Capital I Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Competitive Comparison of Empowerment &lusion Capital I's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Empowerment &lusion Capital I'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.

Empowerment &lusion Capital I's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Empowerment &lusion Capital I's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Empowerment &lusion Capital I's Effective Interest Rate on Debt % falls into.


Empowerment &lusion Capital I Effective Interest Rate on Debt % Calculation

Empowerment &lusion Capital I'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/( (0.116+0.169)/ 2 )
=-1  *  0/0.1425
=0.00 %

where

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.116
=0.116

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.169 + 0
=0.169

Empowerment &lusion Capital I'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/( (0.08+0.06)/ 2 )
=-1  *  0/0.07
=0.00 %

where

Total Debt  (Q: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.08 + 0
=0.08

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.06 + 0
=0.06

* 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.

Empowerment &lusion Capital I  (NYSE:EPWR) Effective Interest Rate on Debt % Explanation

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

Empowerment &lusion Capital I Effective Interest Rate on Debt % Related Terms

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Empowerment &lusion Capital I (Empowerment &lusion Capital I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Empowerment & Inclusion Capital I Corp (NYSE:EPWR) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
NFNT ADEX KAIR POW ADER MDH SWET CPTK PACI GGMC GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
340 Madison Avenue, New York, NY, USA, 10173
Website
https://www.empowermentandinclusion.com
Empowerment & Inclusion Capital I Corp is a blank-check company. It is formed for the purpose of merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.
Executives
Marjorie Rodgers Cheshire director 1040 PARK AVENUE, SUITE 300, BALTIMORE MD 21201
Andrea L Zopp director 3333 BEVERLY ROAD, C/O SEARS ROEBUCK & CP, HOFFMAN ESTATE IL 60179
Richard Kevin Bynum director 7567 GLEN POINTE CT., SPRINGFIELD VA 22153
Toni Townes-whitley director 8340 SPRINGHAVEN GARDEN LANE, MCLEAN, VA X1 22102
Virginia Henkels 10 percent owner, officer: CFO and Secretary SWIFT TRANSPORTATION COMPANY, 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043
Jefferies Financial Group Inc. 10 percent owner 520 MADISON AVENUE, NEW YORK NY 10022
Ford Harold Eugene Jr. director, 10 percent owner, officer: CEO and Chairman 4921 WILLIAM ARNOLD ROAD, MEMPHIS TN 38117
Pnc Financial Services Group, Inc. 10 percent owner THE TOWER AT PNC PLAZA, 300 FIFTH AVENUE, PITTSBURGH PA 15222-2401
Gagan Singh director C/O THE PNC FINANCIAL SERVICES GROUP, 340 MADISON AVENUE, NEW YORK NY 10173
Laura L Long director C/O THE TOWER AT PNC, 300 FIFTH AVENUE, PITTSBURGH PA 15222
Pnc Investment Capital Corp. 10 percent owner C/O THE PNC FINANCIAL SERVICES GROUP, 340 MADISON AVENUE, NEW YORK NY 10173
Stephanie M Phillipps director C/O THE PNC FINANCIAL SERVICES GROUP, 340 MADISON AVENUE, NEW YORK NY 10173
Margaret B Smith director C/O THE PNC FINANCIAL SERVICES GROUP, 340 MADISON AVENUE, NEW YORK NY 10173