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Ignyte Acquisition (Ignyte Acquisition) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2022)


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What is Ignyte 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. Ignyte Acquisition's annualized positive value of Interest Expense for the quarter that ended in Jun. 2022 was $0.00 Mil. Ignyte Acquisition's average total debt for the quarter that ended in Jun. 2022 was $0.19 Mil. Therefore, Ignyte Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 was 0.00%.


Ignyte Acquisition Effective Interest Rate on Debt % Historical Data

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

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

Ignyte Acquisition Quarterly Data
Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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Competitive Comparison of Ignyte Acquisition's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Ignyte 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.


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

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

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



Ignyte Acquisition Effective Interest Rate on Debt % Calculation

Ignyte 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/( (0.08+0)/ 1 )
=-1  *  0/0.08
=0.00 %

where

Ignyte Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2022 )+Total Debt  (Q: Jun. 2022 ))/ count )
=-1  *  0/( (0.081+0.298)/ 2 )
=-1  *  0/0.1895
=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 (Jun. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Ignyte Acquisition  (NAS:IGNY) Effective Interest Rate on Debt % Explanation

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


Ignyte Acquisition Effective Interest Rate on Debt % Related Terms

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Ignyte Acquisition (Ignyte Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
640 5th Avenue, 4th Floor, New York, NY, USA, 10019
Ignyte Acquisition Corp is a blank check company.
Executives
Richard J Rosenstock director C/O GAINES BERLAND INC, 1055 STEWART AVENUE, BETHPAGE NY 11714
Cheryl Cohen director C/O MEDIVATION, INC., 201 SPEAR ST., 3RD FLOOR, SAN FRANCISCO CA 94105
Charles Wilson director C/O UNUM THERAPEUTICS, 200 CAMBRIDGEPARK DR., STE. 3100, CAMBRIDGE MA 02140
Ignyte Sponsor Llc 10 percent owner 640 5TH AVENUE, 4TH FLOOR, NEW YORK NY 10019
David I. Rosenberg director, 10 percent owner, officer: Co-Chief Executive Officer C/O IGNYTE ACQUISITION CORP., 640 5TH AVENUE, 4TH FLOOR, NEW YORK NY 10019
John Andrew Boockvar director C/O IGNYTE ACQUISITION CORP., 640 5TH AVENUE, 4TH FLOOR, NEW YORK NY 10019
David J. Strupp director, 10 percent owner, officer: Co-Chief Executive Officer 107 DUNNING ROAD, NEW CANAAN CT 06840
Steven Neil Kaplan director, officer: Chief Financial Officer C/O IGNYTE ACQUISITION CORP., 640 5TH AVENUE, 4TH FLOOR, NEW YORK NY 10019
Deerfield Management Company, L.p. (series C) 10 percent owner, other: Possible Member of 10% Group 345 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10010
Deerfield Mgmt L.p. 10 percent owner, other: Possible Member of 10% Group 780 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Deerfield Partners, L.p. 10 percent owner, other: Possible Member of 10% Group 345 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10010
James E Flynn 10 percent owner, other: Possible Member of 10% Group 780 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017