UTA Acquisition (UTA Acquisition) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2023)

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What is UTA 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. UTA Acquisition's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.00 Mil. UTA Acquisition's average total debt for the quarter that ended in Jun. 2023 was $0.79 Mil. Therefore, UTA Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 0.00%.

UTA Acquisition Effective Interest Rate on Debt % Historical Data

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

UTA Acquisition Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

UTA Acquisition Quarterly Data
	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	-	-	-

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

For the Shell Companies subindustry, UTA 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.

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

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

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

UTA Acquisition Effective Interest Rate on Debt % Calculation

UTA Acquisition's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * 0	/	( (0.274	+	0.578)	/ 2 )
=	-1 * 0	/	0.426
=	0.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.274
=	0.274

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.578
=	0.578

UTA Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * 0	/	( (0.753	+	0.836)	/ 2 )
=	-1 * 0	/	0.7945
=	0.00 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.753
=	0.753

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.836
=	0.836

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

UTA Acquisition (NAS:UTAA) Effective Interest Rate on Debt % Explanation

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

UTA Acquisition Effective Interest Rate on Debt % Related Terms

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UTA Acquisition (UTA Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 5th Avenue, 7th Floor, New York, NY, USA, 10010

Website

https://investors.utaacorp.com

UTA Acquisition Corp is a newly incorporated blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

Kathy P Vrabeck	director	625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Nancy Tellem	director	1016 LAKE PARK DRIVE, BIRMINGHAM MI 48009
Reginald Fils-aime	director	C/O GAMESTOP CORP., 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Alexis Ohanian	director	C/O UTA ACQUISITION CORP., 135 5TH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Ophir Lupu	officer: President	C/O UTA ACQUISITION CORP., 135 5TH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Chris Jefferis	officer: Chief Financial Officer	C/O UTA ACQUISITION CORP., 135 5TH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Jamie Sharp	officer: Co-Chief Executive Officer	C/O UTA ACQUISITION CORP., 135 5TH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Clinton Foy	director, officer: Co-Chief Executive Officer	C/O UTA ACQUISITION CORP., 135 5TH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Uta Acquisition Sponsor Llc	10 percent owner	C/O UTA ACQUISITION CORP., 135 5TH AVENUE, 7TH FLOOR, NEW YORK NY 10010

UTA Acquisition (UTA Acquisition) Headlines

From GuruFocus

UTA Acquisition Corporation Announces Closing of $230 Million Initial Public Offering

By Business Wire Business Wire • 12-06-2021

UTA Acquisition Corporation Announces the Separate Trading of Its Class A Ordinary Shares and Warrants, Commencing January 24, 2022

By Business Wire Business Wire • 01-20-2022