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MNTN (Everest Consolidator Acquisition) Effective Interest Rate on Debt % : 16.50% (As of Jun. 2024)


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What is Everest Consolidator 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. Everest Consolidator Acquisition's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.70 Mil. Everest Consolidator Acquisition's average total debt for the quarter that ended in Jun. 2024 was $4.27 Mil. Therefore, Everest Consolidator Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 16.50%.


Everest Consolidator Acquisition Effective Interest Rate on Debt % Historical Data

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

Everest Consolidator Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - 11.44

Everest Consolidator Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 24.00 9.49 35.13 22.66 16.50

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

For the Shell Companies subindustry, Everest Consolidator 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.


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

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

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



Everest Consolidator Acquisition Effective Interest Rate on Debt % Calculation

Everest Consolidator 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  *  -0.315/( (0+2.753)/ 1 )
=-1  *  -0.315/2.753
=11.44 %

where

Everest Consolidator Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -0.704/( (3.778+4.753)/ 2 )
=-1  *  -0.704/4.2655
=16.50 %

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


Everest Consolidator Acquisition  (NYSE:MNTN) Effective Interest Rate on Debt % Explanation

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


Everest Consolidator Acquisition Effective Interest Rate on Debt % Related Terms

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Everest Consolidator Acquisition Business Description

Traded in Other Exchanges
N/A
Address
4041 MacArthur Boulevard, 4th Floor, Newport Beach, CA, USA, 92660
Everest Consolidator Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
Executives
Rebecca Lynn Macieira-kaufmann director P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Peter K Scaturro director C/O THE CHARLES SCHWAB CORPORATION, 120 KEARNY STREET, SAN FRANCISCO CA 94108
Jacqueline S Shoback director, officer: Chief Operating Officer TEN POST OFFICE SQUARE, BOSTON MA 02109
Elizabeth Mora director C/O MKS INSTRUMENTS, INC., 2 TECH DRIVE, SUITE 201, ANDOVER MA 01810
Everest Consolidator Sponsor, Llc 10 percent owner 4041 MACARTHUR BLVD., NEWPORT BEACH CA 92660
Adam Dooley director, 10 percent owner, officer: CEO, Pres, Sec & Treas C/O EVEREST CONSOLIDATOR ACQUISITION, 4041 MACARTHUR BLVD., NEWPORT BEACH CA 92660
Ward Brian Maillian director C/O EVEREST CONSOLIDATOR ACQUISITION, 4041 MACARTHUR BLVD., NEWPORT BEACH CA 92660
Belay Associates, Llc 10 percent owner 4041 MACARTHUR BLVD., NEWPORT BEACH CA 92660

Everest Consolidator Acquisition Headlines