GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » HNR Acquisition Corp (AMEX:HNRA) » Definitions » Effective Interest Rate on Debt %

HNR Acquisition (HNR Acquisition) Effective Interest Rate on Debt % : 24.33% (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is HNR 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. HNR Acquisition's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $10.70 Mil. HNR Acquisition's average total debt for the quarter that ended in Mar. 2024 was $43.96 Mil. Therefore, HNR Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 24.33%.


HNR Acquisition Effective Interest Rate on Debt % Historical Data

The historical data trend for HNR 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.

* Premium members only.

HNR Acquisition Effective Interest Rate on Debt % Chart

HNR Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - 4.00 -

HNR Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.22 218.44 217.62 - 24.33

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

For the Shell Companies subindustry, HNR 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.


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

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

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



HNR Acquisition Effective Interest Rate on Debt % Calculation

HNR Acquisition'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/( (26.879+44.003)/ 2 )
=-1  *  0/35.441
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26.809 + 0.07
=26.879

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=37.486 + 6.517
=44.003

HNR Acquisition'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  *  -10.696/( (44.003+43.921)/ 2 )
=-1  *  -10.696/43.962
=24.33 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=37.486 + 6.517
=44.003

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=31.386 + 12.535
=43.921

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


HNR Acquisition  (AMEX:HNRA) Effective Interest Rate on Debt % Explanation

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


HNR Acquisition Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of HNR Acquisition's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


HNR Acquisition (HNR Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
3730 Kirby Drive, Suite 1200, Houston, TX, USA, 77098
HNR Acquisition Corp is a blank check company.
Executives
Donald Goree director, officer: Chief Executive Officer 101 NE 3RD AVENUE, SUITE 1220, FORT LAUDERDALE FL 33301
Salvucci Joseph V Jr director 583 EPSILON DRIVE, PITTSBURGH PA 15238
Salvucci Joseph V Sr director 583 EPSILON DRIVE, PITTSBURGH PA 15238
Donald W Orr director, officer: President 3730 KIRBY DRIVE, SUITE 1200, HOUSTON TX 77098