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JOFF Fintech Acquisition (JOFF Fintech Acquisition) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2022)


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What is JOFF Fintech 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. JOFF Fintech Acquisition's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $0.00 Mil. JOFF Fintech Acquisition's average total debt for the quarter that ended in Sep. 2022 was $0.08 Mil. Therefore, JOFF Fintech Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 0.00%.

JOFF Fintech Acquisition Effective Interest Rate on Debt % Historical Data

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

JOFF Fintech Acquisition Annual Data
Trend Dec20 Dec21
Effective Interest Rate on Debt %
- 1,961.75

JOFF Fintech Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Effective Interest Rate on Debt % Get a 7-Day Free Trial - - - - -

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

For the Shell Companies subindustry, JOFF Fintech 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.

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

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

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


JOFF Fintech Acquisition Effective Interest Rate on Debt % Calculation

JOFF Fintech 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  *  -2.462/( (0.171+0.08)/ 2 )
=-1  *  -2.462/0.1255
=1,961.75 %

where

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.171
=0.171

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.08
=0.08

JOFF Fintech Acquisition'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/( (0.08+0.08)/ 2 )
=-1  *  0/0.08
=0.00 %

where

Total Debt  (Q: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.08
=0.08

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.08
=0.08

* 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.

JOFF Fintech Acquisition  (NAS:JOFFU) Effective Interest Rate on Debt % Explanation

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

JOFF Fintech Acquisition Effective Interest Rate on Debt % Related Terms

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JOFF Fintech Acquisition (JOFF Fintech Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » JOFF Fintech Acquisition Corp (NAS:JOFFU) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
OHPA AGAC FINM HHLA SNRH CTAQ UNEX EPHY PDOT VGII GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, 11th Floor, New York, NY, USA, 10105
Website
https://www.joffspac.com
JOFF Fintech Acquisition Corp is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.
Executives
Peter Js Smith officer: Chief Financial Officer PO BOX 364527, SAN JUAN PR 00936-4527
Jay Itzkowitz director NEW YORK HOCKEY HOLDINGS, LLC, 200 PARK AVENUE SOUTH SUITE 1610, NEW YORK NY 10003
Joel Leonoff director, 10 percent owner, officer: Chief Executive Officer ORCHID HOUSE PH 9 THE CLIFTONS, EUROPA ROAD, GIBRALTAR J1 -----
Joff Fintech Holdings Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, FL 11, NEW YORK NY 10105
Hillel Frankel director, 10 percent owner, officer: President and Secretary 1345 AVENUE OF THE AMERICAS, FL 11, NEW YORK NY 10105
Mohammad Fraz Ahmed officer: SVP of Corporate & BD 1410 BERRYTREE DR., SUGARLAND TX 77479
Billy Goldstein director 757 3RD AVENUE, NEW YORK NY 10017
Paul Wharshavsky director 15 WEST 47TH STREET, SUITE 1404, NEW YORK NY 10036
Alok Sama director C/O BLUERIVER ACQUSITION CORP., 250 WEST NOTTINGHAM DRIVE SUITE 400, SAN ANTONIO TX 78209
Michelle Ann Gitlitz director 1345 AVENUE OF THE AMERICAS, 11TH FLOOR, NEW YORK NY 10105