Plum Acquisition I (Plum Acquisition I) Effective Interest Rate on Debt % : 133.44% (As of Mar. 2024)

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What is Plum Acquisition I 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. Plum Acquisition I's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1.67 Mil. Plum Acquisition I's average total debt for the quarter that ended in Mar. 2024 was $1.25 Mil. Therefore, Plum Acquisition I's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 133.44%.

Plum Acquisition I Effective Interest Rate on Debt % Historical Data

The historical data trend for Plum Acquisition I'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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Plum Acquisition I Effective Interest Rate on Debt % Chart

Plum Acquisition I Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

67.56

Plum Acquisition I Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								10.31	334.72	789.44	-977.92	133.44

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

For the Shell Companies subindustry, Plum Acquisition I'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.

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

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

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

Plum Acquisition I Effective Interest Rate on Debt % Calculation

Plum Acquisition I'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 * -0.76	/	( (1	+	1.25)	/ 2 )
=	-1 * -0.76	/	1.125
=	67.56 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1
=	1

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.25
=	1.25

Plum Acquisition I'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 * -1.668	/	( (1.25	+	1.25)	/ 2 )
=	-1 * -1.668	/	1.25
=	133.44 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.25
=	1.25

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.25
=	1.25

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.

Plum Acquisition I (NAS:PLMIU) Effective Interest Rate on Debt % Explanation

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

Plum Acquisition I Effective Interest Rate on Debt % Related Terms

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Plum Acquisition I (Plum Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Plum Acquisition Corp I (NAS:PLMIU) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PLMI:USA

Address

2021 Fillmore Street, Suite 2089, San Francisco, CA, USA, 94115

Website

https://www.plumpartners.com

Plum Acquisition Corp I is a blank check company.

Executives

Brian Kevin Turner	director	C/O MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
Ursula M Burns	director, 10 percent owner, officer: Executive Chairwoman	200 SE MIZNER BLVD, UNIT 703, BOCA RATON FL 33432
Jennifer Ceran	director	C/O QUOTIENT TECHNOLOGY INC., 400 LOGUE AVE, MOUNTAIN VIEW CA 94043
Lane Bess	director	C/O ZSCALER INC, 110 ROSE ORCHARD WAY, SAN JOSE CA 95134
Kelly Wright	director	C/O TABLEAU SOFTWARE, INC., 837 NORTH 34TH ST., SUITE 200, SEATTLE WA 98103
Alok Sama	director	C/O BLUERIVER ACQUSITION CORP., 250 WEST NOTTINGHAM DRIVE SUITE 400, SAN ANTONIO TX 78209
Plum Partners, Llc	director, 10 percent owner	2021 FILLMORE STREET, SUITE 2089, SAN FRANCISCO CA 94115
Mike John Dinsdale	director, 10 percent owner, officer: See Remarks	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Kanishka Roy	director, 10 percent owner, officer: President	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Vinodka Murria	director	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Clay Whitehead	director, 10 percent owner, officer: Chief Executive Officer	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610

Plum Acquisition I (Plum Acquisition I) Headlines

From GuruFocus

Veea, Inc. and Plum Acquisition Corp. I Announce Letter of Intent for a Business Combination

By GlobeNewswire • 11-13-2023

GLAZER CAPITAL, LLC Acquires Stake in Plum Acquisition Corp I

By GuruFocus Research • 07-12-2023