ITACW (Industrial Tech Acquisitions) Effective Interest Rate on Debt %: 0.00% (As of Sep. 2020)

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What is Industrial Tech Acquisitions Effective Interest Rate on Debt %?

Industrial Tech Acquisitions ITACW Effective Interest Rate on Debt % is 0.00% as of Sep. 2020.

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. Industrial Tech Acquisitions's annualized positive value of Interest Expense for the quarter that ended in Sep. 2020 was $0.00 Mil. Industrial Tech Acquisitions's average total debt for the quarter that ended in Sep. 2020 was $0.05 Mil. Therefore, Industrial Tech Acquisitions's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 was 0.00%.

Industrial Tech Acquisitions  (NAS:ITACW) Effective Interest Rate on Debt % Explanation

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

Industrial Tech Acquisitions Effective Interest Rate on Debt % Related Terms

Industrial Tech Acquisitions Effective Interest Rate on Debt % Historical Data

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The historical data trend for Industrial Tech Acquisitions'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.

Industrial Tech Acquisitions Effective Interest Rate on Debt % Chart

Industrial Tech Acquisitions Annual Data
Trend Dec20
Effective Interest Rate on Debt %
0.00

Industrial Tech Acquisitions Semi-Annual Data
Jun20 Sep20 Dec20
Effective Interest Rate on Debt % 0.00 0.00 0.00

ITACW vs : Effective Interest Rate on Debt % Comparison

For the Shell Companies subindustry, Industrial Tech Acquisitions'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.

Industrial Tech Acquisitions Effective Interest Rate on Debt % vs Diversified Financial Services Industry

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

* The bar in red indicates where Industrial Tech Acquisitions's Effective Interest Rate on Debt % falls into.


Industrial Tech Acquisitions Effective Interest Rate on Debt % Calculation

Industrial Tech Acquisitions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: . 20 )+Total Debt  (A: . 20 ))/ count )
=-1  *  /( (+)/ )
=-1  *  /
= %

where

Total Debt  (A: . 20 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
= +
=

Total Debt  (A: . 20 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
= +
=

Industrial Tech Acquisitions's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2020 )+Total Debt  (Q: Sep. 2020 ))/ count )
=-1  *  0/( (0.05+0)/ 1 )
=-1  *  0/0.05
=0.00 %

where

Total Debt  (Q: Jun. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.05
=0.05

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

* 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 one times the annual (Sep. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 0.00% mean?
Industrial Tech Acquisitions (ITACW) has a Effective Interest Rate on Debt % of 0.00% as of Sep. 2020. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Industrial Tech Acquisitions and its competitors.
Is Industrial Tech Acquisitions' Effective Interest Rate on Debt % too high?
Industrial Tech Acquisitions' current Effective Interest Rate on Debt % is 0.00%.
How does Industrial Tech Acquisitions' Effective Interest Rate on Debt % compare to ?
Industrial Tech Acquisitions' 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 Industrial Tech Acquisitions and its competitors. Industrial Tech Acquisitions'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 Industrial Tech Acquisitions stock overvalued right now?
Industrial Tech Acquisitions (ITACW) has a current Effective Interest Rate on Debt % of 0.00%. The current Effective Interest Rate on Debt % is 0.00%. 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 Industrial Tech Acquisitions (ITACW), the current Effective Interest Rate on Debt % is 0.00% as of Sep. 2020. 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.

Industrial Tech Acquisitions Business Description

Comparable Companies
Address 5090 Richmond Avenue, Suite 319, Houston, TX, USA, 77056
Industrial Tech Acquisitions Inc is a blank check company.