Greencity Acquisition (Greencity Acquisition) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2022)

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What is Greencity 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. Greencity Acquisition's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was $0.00 Mil. Greencity Acquisition's average total debt for the quarter that ended in Dec. 2022 was $2.68 Mil. Therefore, Greencity Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 0.00%.

Greencity Acquisition Effective Interest Rate on Debt % Historical Data

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

Greencity Acquisition Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

Greencity Acquisition Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
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Competitive Comparison of Greencity Acquisition's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Greencity 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.

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

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

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

Greencity Acquisition Effective Interest Rate on Debt % Calculation

Greencity 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	/	( (1.194	+	2.762)	/ 2 )
=	-1 * 0	/	1.978
=	0.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.194
=	1.194

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.762
=	2.762

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Dec. 2022 ))	/ count )
=	-1 * 0	/	( (2.607	+	2.762)	/ 2 )
=	-1 * 0	/	2.6845
=	0.00 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.607
=	2.607

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.762
=	2.762

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

Greencity Acquisition (OTCPK:GRCYF) Effective Interest Rate on Debt % Explanation

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

Greencity Acquisition Effective Interest Rate on Debt % Related Terms

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Greencity Acquisition (Greencity Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GRYUF:USA

Address

505 Eshan Road, Floor 6, Pudong New District, Shanghai, CHN, 200120

Website

Greencity Acquisition Corp is a blank check company.

Executives

Hudson Bay Capital Management Lp	10 percent owner	28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Sander Gerber	10 percent owner	C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Lawrence Feis	10 percent owner	190 EAST WALTON PLACE, UNIT 603, CHICAGO IL 60611
Feis Equities Llc	10 percent owner	20 NORTH WACKER DRIVE, SUITE 2115, CHICAGO IL 60606
Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Lei Wang	director	2609 MONTE CRESTA DRIVE, BELMONT CA 94002
Cynthia Management Corp	10 percent owner	SUITE 807 TOWER 2 CENTURY LINK PLAZA, NO. 1196 CENTURY AVENUE, PUDONG DISTRICT F4 200000
Jianmin Yu	10 percent owner, officer: CFO	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Jinlong Liu	director, 10 percent owner	100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017
Chao Liu	director	100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017
Ming Zhang	officer: CEO	100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017
Yong Li	director	100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017