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

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


View and export this data going back to 2021. Start your Free Trial

What is SportsTek 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. SportsTek Acquisition's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $0.00 Mil. SportsTek Acquisition's average total debt for the quarter that ended in Sep. 2022 was $0.18 Mil. Therefore, SportsTek Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 0.00%.

SportsTek Acquisition Effective Interest Rate on Debt % Historical Data

The historical data trend for SportsTek 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.

* Premium members only.

SportsTek Acquisition Effective Interest Rate on Debt % Chart

SportsTek Acquisition Annual Data
Trend Dec20 Dec21
Effective Interest Rate on Debt %
- -

SportsTek 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 SportsTek Acquisition's Effective Interest Rate on Debt %

For the Shell Companies subindustry, SportsTek 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.

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

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

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


SportsTek Acquisition Effective Interest Rate on Debt % Calculation

SportsTek 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  *  0/( (0.176+0)/ 1 )
=-1  *  0/0.176
=0.00 %

where

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.176
=0.176

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

SportsTek 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/( (0.163+0.2)/ 2 )
=-1  *  0/0.1815
=0.00 %

where

Total Debt  (Q: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.163
=0.163

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.2
=0.2

* 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.

SportsTek Acquisition  (NAS:SPTKU) Effective Interest Rate on Debt % Explanation

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

SportsTek Acquisition Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of SportsTek Acquisition's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

SportsTek Acquisition (SportsTek Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SportsTek Acquisition Corp (NAS:SPTKU) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
TCOA PHIC NGC KSI CLBR PGRW INKA APXI BRIV DUNE GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
2200 S. Utica Place, Suite 450, Tulsa, OK, USA, 74114
Website
SportsTek Acquisition Corp is a blank check company.
Executives
Timothy W Clark director, officer: CFO, COO C/O SPORTSTEK ACQUISITION CORP., 2200 S. UTICA PLACE, SUITE 450, TULSA OK 74114
Jeffrey Luhnow director, officer: Co-CEO C/O SPORTSTEK ACQUISITION CORP., 2200 S. UTICA PLACE, SUITE 450, TULSA OK 74114
Jtjt Partners Llc 10 percent owner 2200 S UTICA PLACE, SUITE 450, TULSA OK 74114
Carl Tavo Hellmund director, officer: Co-CEO C/O SPORTSTEK ACQUISITION CORP., 2200 S. UTICA PLACE, SUITE 450, TULSA OK 74114
Sashi Brown director C/O SPORTSTEK ACQUISITION CORP., 2200 S UTICA PLACE, SUITE 450, TULSA OK 74114
Sebastian Park director C/O SPORTSTEK ACQUISITION CORP., 2200 S UTICA PLACE, SUITE 450, TULSA OK 74114
Endre Holen director 2200 S UTICA PLACE SUITE 450, TULSA OK 74114
Joyce Johnson director 8251 S LUELLA AVENUE, CHICAGO IL 60617