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Rigel Resource Acquisition (Rigel Resource Acquisition) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Rigel Resource 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. Rigel Resource Acquisition's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Rigel Resource Acquisition's average total debt for the quarter that ended in Mar. 2024 was $6.28 Mil. Therefore, Rigel Resource Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


Rigel Resource Acquisition Effective Interest Rate on Debt % Historical Data

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

Rigel Resource Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - -

Rigel Resource Acquisition Quarterly Data
Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Rigel Resource Acquisition's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Rigel Resource 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.


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

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

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



Rigel Resource Acquisition Effective Interest Rate on Debt % Calculation

Rigel Resource 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/( (0.236+5.557)/ 2 )
=-1  *  0/2.8965
=0.00 %

where

Rigel Resource Acquisition'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  *  0/( (5.557+6.998)/ 2 )
=-1  *  0/6.2775
=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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Rigel Resource Acquisition  (NYSE:RRAC) Effective Interest Rate on Debt % Explanation

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


Rigel Resource Acquisition Effective Interest Rate on Debt % Related Terms

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Rigel Resource Acquisition (Rigel Resource Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
1045 Avenue of the Americas, 7 Bryant Park, Floor 25, New York, NY, USA, 10018
Rigel Resource Acquisition Corp is a blank check company.
Executives
Rigel Resource Acquisition Holding Llc 10 percent owner C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Jeff Feeley officer: Chief Financial Officer C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Nathaniel Abebe director, officer: President C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Jonathan Lamb director, officer: Chief Executive Officer C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Peter O'hagan director C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Timothy Keating director C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Kelvin Dushinsky director C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Christine Coignard director C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Oskar Lewnowski director, 10 percent owner C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018

Rigel Resource Acquisition (Rigel Resource Acquisition) Headlines