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Gores Technology Partners (Gores Technology Partners) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2022)


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What is Gores Technology Partners 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. Gores Technology Partners's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $0.00 Mil. Gores Technology Partners's average total debt for the quarter that ended in Sep. 2022 was $1.30 Mil. Therefore, Gores Technology Partners's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 0.00%.

Gores Technology Partners Effective Interest Rate on Debt % Historical Data

The historical data trend for Gores Technology Partners'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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Gores Technology Partners Effective Interest Rate on Debt % Chart

Gores Technology Partners Annual Data
Trend Dec20 Dec21
Effective Interest Rate on Debt %
- -

Gores Technology Partners Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Competitive Comparison of Gores Technology Partners's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Gores Technology Partners'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 Technology Partners's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

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

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


Gores Technology Partners Effective Interest Rate on Debt % Calculation

Gores Technology Partners'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+0.9)/ 1 )
=-1  *  0/0.9
=0.00 %

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 + 0.9
=0.9

Gores Technology Partners'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/( (1.3+1.3)/ 2 )
=-1  *  0/1.3
=0.00 %

where

Total Debt  (Q: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 1.3
=1.3

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 1.3
=1.3

* 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.

Gores Technology Partners  (NAS:GTPA) Effective Interest Rate on Debt % Explanation

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

Gores Technology Partners Effective Interest Rate on Debt % Related Terms

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Gores Technology Partners (Gores Technology Partners) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Gores Technology Partners Inc (NAS:GTPA) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
N/A
Address
6260 Lookout Road, Boulder, CO, USA, 80301
Website
Gores Technology Partners Inc is a blank check company.
Executives
Alec E Gores director 10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Aeg Holdings, Llc 10 percent owner 6260 LOOKOUT RD., BOULDER CO 80301
Andrew Mcbride officer: CFO & Secretary 9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Manik Gupta director 1999 SCOTT LN, LOS ALTOS CA 94024
Gores Technology Partners Sponsor Llc director, 10 percent owner 6260 LOOKOUT ROAD, BOULDER CO 80301
Edward William Fike officer: Co-Chief Executive Officer 6260 LOOKOUT ROAD, BOULDER CO 80301
Shivakumar Rajaraman director 6260 LOOKOUT ROAD, BOULDER CO 80301
Muhammad Shahzad director 6260 LOOKOUT ROAD, BOULDER CO 80301
Justin Lawrence Wilson officer: Co-Chief Executive Officer 6260 LOOKOUT ROAD, BOULDER CO 80301