SUAC (ShoulderUp Technology Acquisition) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is ShoulderUp Technology 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. ShoulderUp Technology Acquisition's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.00 Mil. ShoulderUp Technology Acquisition's average total debt for the quarter that ended in Sep. 2024 was $0.33 Mil. Therefore, ShoulderUp Technology Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.00%.

ShoulderUp Technology Acquisition Effective Interest Rate on Debt % Historical Data

The historical data trend for ShoulderUp Technology 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.

ShoulderUp Technology Acquisition Effective Interest Rate on Debt % Chart

ShoulderUp Technology Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

ShoulderUp Technology Acquisition Quarterly Data
	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of ShoulderUp Technology Acquisition's Effective Interest Rate on Debt %

For the Shell Companies subindustry, ShoulderUp Technology 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.

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

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

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

Save Embed

;

Save Embed

;

ShoulderUp Technology Acquisition Effective Interest Rate on Debt % Calculation

ShoulderUp Technology 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	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

ShoulderUp Technology Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * 0	/	( (0.275	+	0.375)	/ 2 )
=	-1 * 0	/	0.325
=	0.00 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.275
=	0.275

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.375
=	0.375

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

ShoulderUp Technology Acquisition (OTCPK:SUAC) Effective Interest Rate on Debt % Explanation

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

ShoulderUp Technology Acquisition Effective Interest Rate on Debt % Related Terms

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

ShoulderUp Technology Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ShoulderUp Technology Acquisition Corp (OTCPK:SUAC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Townpark Drive, Suite 3000, Kennesaw, GA, USA, 30144

Website

https://www.shoulderupacquisition.com

ShoulderUp Technology Acquisition Corp is a blank check company. The company's business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Danelle Marie Barrett	director	50 ENTERPRISE CENTER, KVH INDUSTRIES, INC., MIDDLETOWN RI 02842
Shawn Henry	director	CROWDSTRIKE HOLDINGS, INC., 150 MATHILDA PLACE, SUITE 300, SUNNYVALE CA 94086
Lauren C Anderson	director	C/O IMAGEWARE SYSTEMS INC., 13500 EVENING CREEK DRIVE N STE 550, SAN DIEGO CA 92128
Vincent R. Stewart	director	C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Stacey Y. Abrams	director	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Janice Bryant Howroyd	director	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Grace Vandecruze	officer: Chief Financial Officer	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Shoulderup Technology Sponsor, Llc	10 percent owner	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144