Coastal Capital Acquisition (Coastal Capital Acquisition) Effective Interest Rate on Debt % : 0.96% (As of Sep. 2023)

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What is Coastal Capital 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. Coastal Capital Acquisition's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. Coastal Capital Acquisition's average total debt for the quarter that ended in Sep. 2023 was $0.10 Mil. Therefore, Coastal Capital Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.96%.

Coastal Capital Acquisition Effective Interest Rate on Debt % Historical Data

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

Coastal Capital Acquisition Annual Data

Trend

Effective Interest Rate on Debt %

Coastal Capital Acquisition Semi-Annual Data
	Sep22	Sep23
Effective Interest Rate on Debt %	-	0.96

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

For the Engineering & Construction subindustry, Coastal Capital 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.

Coastal Capital Acquisition's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Coastal Capital Acquisition's Effective Interest Rate on Debt % distribution charts can be found below:

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

Coastal Capital Acquisition Effective Interest Rate on Debt % Calculation

Coastal Capital Acquisition's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.001	/	( (0	+	0.104)	/ 1 )
=	-1 * -0.001	/	0.104
=	0.96 %

where

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

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.104	+	0
=	0.104

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

Coastal Capital Acquisition (OTCPK:CCAJ) Effective Interest Rate on Debt % Explanation

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

Coastal Capital Acquisition Effective Interest Rate on Debt % Related Terms

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Coastal Capital Acquisition (Coastal Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Coastal Capital Acquisition Corp (OTCPK:CCAJ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 North Laura Street, Suite 2500, Jacksonville, FL, USA, 32202

Website

https://www.coastalcapitalacquisitioncorp.com

Coastal Capital Acquisition Corp is a shell company.

Executives

Mark A Lewis	director	200 PRESEVE ST., BOZEMAN MT 59718
Midwest Merger Management Llc	10 percent owner

Coastal Capital Acquisition (Coastal Capital Acquisition) Headlines

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