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


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


Velocity Acquisition Effective Interest Rate on Debt % Historical Data

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

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

Velocity 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 Velocity Acquisition's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Velocity 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.


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

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

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



Velocity Acquisition Effective Interest Rate on Debt % Calculation

Velocity 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/( (0.091+0)/ 1 )
=-1  *  0/0.091
=0.00 %

where

Velocity 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+0)/ 1 )
=-1  *  0/0
=N/A %

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 (Sep. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Velocity Acquisition  (NAS:VELO) Effective Interest Rate on Debt % Explanation

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


Velocity Acquisition Effective Interest Rate on Debt % Related Terms

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Velocity Acquisition (Velocity Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
109 Old Branchville Road, Ridgefield, CT, USA, 06877
Velocity Acquisition Corp is a blank check company.
Executives
Nicolas Brien officer: Chief Strategy Officer C/O CBS OUTDOOR AMERICAS INC., 405 LEXINGTON AVENUE, NEW YORK NY 10174
Ramin Arani director C/O LIVEXLIVE MEDIA, INC, 920 SUNSET BOULEVARD, SUITE #1201, WEST HOLLYWOOD CA 90069
Garrett Schreiber officer: Chief Financial Officer 3 MINETTA STREET, NEW YORK NY 10012
Sanjay Chadda director 3 MINETTA STREET, NEW YORK NY 10012
Michael Lastoria director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Steve Kassin director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Adrian Covey director, officer: Chief Executive Officer C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Velocity Sponsor Llc 10 percent owner C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Carla Hendra director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Judge Graham officer: Chief Digital Officer C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Velocity Sponsor Manager Llc 10 percent owner C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877