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


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What is FTAC Parnassus 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. FTAC Parnassus Acquisition's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $0.00 Mil. FTAC Parnassus Acquisition's average total debt for the quarter that ended in Sep. 2022 was $0.15 Mil. Therefore, FTAC Parnassus Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 0.00%.


FTAC Parnassus Acquisition Effective Interest Rate on Debt % Historical Data

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

FTAC Parnassus Acquisition Annual Data
Trend Dec20 Dec21
Effective Interest Rate on Debt %
- -

FTAC Parnassus Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Effective Interest Rate on Debt % Get a 7-Day Free Trial - - - - -

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

For the Shell Companies subindustry, FTAC Parnassus 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.


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

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

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



FTAC Parnassus Acquisition Effective Interest Rate on Debt % Calculation

FTAC Parnassus 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)/ 1 )
=-1  *  0/0
=N/A %

where

FTAC Parnassus 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/( (0+0.15)/ 1 )
=-1  *  0/0.15
=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.


FTAC Parnassus Acquisition  (NAS:FTPAU) Effective Interest Rate on Debt % Explanation

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


FTAC Parnassus Acquisition Effective Interest Rate on Debt % Related Terms

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FTAC Parnassus Acquisition (FTAC Parnassus Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104
Website
FTAC Parnassus Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Daniel G Cohen director, 10 percent owner 712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Pooler Joseph W. Jr. officer: CFO & Secretary 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Lesley Goldwasser director 312 W. 102ND ST., NEW YORK NY 10025
Ellen Warren director 311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Walter C Jones director 311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Jan Hopkins Trachtman director 101 JOHN F. KENNEDY PARKWAY, SHORT HILLS NJ 07078-2705
Ryan Mark Gilbert 10 percent owner, officer: President and CEO 2201 BROADWAY STE 705, OAKLAND CA 94612
Ftac Parnassus Advisors, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Parnassus Sponsor, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104