GGPIW (Gores Guggenheim) Effective Interest Rate on Debt %: 0.00% (As of Mar. 2022)

Gores Guggenheim GGPIW 22 Effective Interest Rate on Debt % is 0.00% as of Mar. 2022. GuruFocus rates GGPIW with a GF Score™ of 22/100. The stock has 1 warning sign investors should review.

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. Gores Guggenheim's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was $0.00 Mil. Gores Guggenheim's average total debt for the quarter that ended in Mar. 2022 was $2.25 Mil. Therefore, Gores Guggenheim's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 0.00%.

Gores Guggenheim (NAS:GGPIW) Effective Interest Rate on Debt % Explanation

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

Gores Guggenheim Effective Interest Rate on Debt % Related Terms

Gores Guggenheim Effective Interest Rate on Debt % Historical Data

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The historical data trend for Gores Guggenheim'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.

Gores Guggenheim Effective Interest Rate on Debt % Chart

Gores Guggenheim Annual Data

Trend

Dec20

Dec21

Effective Interest Rate on Debt %

0.00

41.60

Gores Guggenheim Semi-Annual Data
	Jan21	Mar21	Jun21	Sep21	Dec21	Mar22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			260.33	2.60	0.00	0.00	0.00

GGPIW vs CRHC, CPUH, HERA: Effective Interest Rate on Debt % Comparison

For the Shell Companies subindustry, Gores Guggenheim'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.

Gores Guggenheim Effective Interest Rate on Debt % vs Diversified Financial Services Industry

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

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

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Gores Guggenheim Inc GGPIW

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Gores Guggenheim Effective Interest Rate on Debt % Calculation

Gores Guggenheim'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 * -0.832	/	( (0	+	2)	/ 1 )
=	-1 * -0.832	/	2
=	41.60 %

where

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

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2
=	2

Gores Guggenheim's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2021 )	+	Total Debt (Q: Mar. 2022 ))	/ count )
=	-1 * 0	/	( (2	+	2.5)	/ 2 )
=	-1 * 0	/	2.25
=	0.00 %

where

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2
=	2

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.5
=	2.5

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 one times the annual (Mar. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about Effective Interest Rate on Debt % →

What does a Effective Interest Rate on Debt % of 0.00% mean?

Gores Guggenheim (GGPIW) has a Effective Interest Rate on Debt % of 0.00% as of Mar. 2022. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Gores Guggenheim and its competitors.

Is Gores Guggenheim's Effective Interest Rate on Debt % too high?

Gores Guggenheim's current Effective Interest Rate on Debt % is 0.00%. Overall, Gores Guggenheim has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.

How does Gores Guggenheim's Effective Interest Rate on Debt % compare to CRHC and CPUH?

Gores Guggenheim's Effective Interest Rate on Debt % of 0.00% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Effective Interest Rate on Debt % for a Diversified Financial Services company?

A good Effective Interest Rate on Debt % depends on the Diversified Financial Services industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Effective Interest Rate on Debt % mean?

A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Gores Guggenheim and its competitors. Gores Guggenheim's current Effective Interest Rate on Debt % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Gores Guggenheim stock overvalued right now?

Gores Guggenheim (GGPIW) has a current Effective Interest Rate on Debt % of 0.00%. The current Effective Interest Rate on Debt % is 0.00%. Gores Guggenheim's overall GF Score™ is 22/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Effective Interest Rate on Debt % calculated?

Effective Interest Rate on Debt % is calculated from a company's financial statements. For Gores Guggenheim (GGPIW), the current Effective Interest Rate on Debt % is 0.00% as of Mar. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.