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

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What is Global Technology Acquisition 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. Global Technology Acquisition I's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Global Technology Acquisition I's average total debt for the quarter that ended in Mar. 2024 was $0.39 Mil. Therefore, Global Technology Acquisition I's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Global Technology Acquisition I Effective Interest Rate on Debt % Historical Data

The historical data trend for Global Technology Acquisition 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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Global Technology Acquisition I Effective Interest Rate on Debt % Chart

Global Technology Acquisition I Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Global Technology Acquisition I Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of Global Technology Acquisition I's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Global Technology Acquisition 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.

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

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

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

Global Technology Acquisition I Effective Interest Rate on Debt % Calculation

Global Technology Acquisition I'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	+	0.25)	/ 1 )
=	-1 * 0	/	0.25
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.25
=	0.25

Global Technology Acquisition I'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	/	( (0.25	+	0.525)	/ 2 )
=	-1 * 0	/	0.3875
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.25
=	0.25

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.525
=	0.525

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.

Global Technology Acquisition I (NAS:GTAC) Effective Interest Rate on Debt % Explanation

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

Global Technology Acquisition I Effective Interest Rate on Debt % Related Terms

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Global Technology Acquisition I (Global Technology Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global Technology Acquisition Corp I (NAS:GTAC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 West 24th Street, 10th Floor, New York, NY, USA, 10010

Website

https://www.gtac.io

Global Technology Acquisition Corp I is a blank check company.

Executives

Ainslie Lee S Iii	10 percent owner
Maverick Long Fund, Ltd.	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Long Enhanced Fund, Ltd.	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Fund Usa Ltd	10 percent owner
Maverick Fund Ii Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Capital Management Llc	10 percent owner	300 CRESCENT COURT, 18TH FLOOR, DALLAS TX 75201
Maverick Capital Ltd	10 percent owner	1900 N. PEARL STREET, 20TH FLOOR, DALLAS TX 75201
Aleksander Baranski	officer: See remarks	C/O GLOBAL TECHNOLOGY ACQUISITION CORP., 19 W 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Global Technology Acquisition I Sponsor Lp	10 percent owner	19 WEST 24TH ST., 10TH FLOOR, NEW YORK NY 10010
Global Technology Acquisition I Sponsor Gp Ltd	10 percent owner	19 WEST 24TH ST., 10TH FLOOR, NEW YORK NY 10010
Juan Villalonga	director	601 N FARING RD, LOS ANGELES CA 90077
Claudia Gast	director, officer: CFO & Secretary	C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Jeffrey Stewart Weinstein	officer: Chief Strategy Officer	C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Fabrice Grinda	director	C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Arnau Porto Dolc	director, officer: Chief Executive Officer	C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010

Global Technology Acquisition I (Global Technology Acquisition I) Headlines

From GuruFocus

Global Technology Acquisition Corp. I Announces Closing of Upsized Initial Public Offering and Exercise of Over-Allotment Option Generating Total Gross Proceeds of $200m

By Business Wire Business Wire • 10-25-2021

Global Technology Acquisition Corp. I Announces Pricing of Upsized $175 Million Initial Public Offering

By Business Wire Business Wire • 10-21-2021

Global Technology Acquisition Corp. I Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing December 13, 2021

By Business Wire Business Wire • 12-08-2021