Ace Global Business Acquisition (Ace Global Business Acquisition) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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

What is Ace Global Business 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. Ace Global Business Acquisition's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Ace Global Business Acquisition's average total debt for the quarter that ended in Dec. 2023 was $2.62 Mil. Therefore, Ace Global Business Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Ace Global Business Acquisition Effective Interest Rate on Debt % Historical Data

The historical data trend for Ace Global Business 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.

Ace Global Business Acquisition Effective Interest Rate on Debt % Chart

Ace Global Business Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Ace Global Business Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of Ace Global Business Acquisition's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Ace Global Business 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.

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

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

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

Ace Global Business Acquisition Effective Interest Rate on Debt % Calculation

Ace Global Business 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	/	( (1.366	+	2.714)	/ 2 )
=	-1 * 0	/	2.04
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.366
=	1.366

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.714
=	2.714

Ace Global Business Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (2.516	+	2.714)	/ 2 )
=	-1 * 0	/	2.615
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.516
=	2.516

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.714
=	2.714

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

Ace Global Business Acquisition (NAS:ACBAU) Effective Interest Rate on Debt % Explanation

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

Ace Global Business Acquisition Effective Interest Rate on Debt % Related Terms

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

Ace Global Business Acquisition (Ace Global Business Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ace Global Business Acquisition Ltd (NAS:ACBAU) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ACBA:USA

Address

Tower 2, Lippo Centre, No. 89, Rm. 806, 8/F, Queensway, Admiralty, Hong Kong, HKG

Website

Ace Global Business Acquisition Ltd is a newly organized blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Yan Yannie Xu	director	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Tan Nicholas Xue-wei	officer: Chief Financial Officer	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Leslie Chow	director	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Ace Global Investment Ltd	10 percent owner	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Robert Yeung Morris	director	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Eugene Tu Wong	director, officer: Chief Executive Officer	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000