Horizon Space Acquisition I (Horizon Space Acquisition I) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Horizon Space Acquisition I 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. Horizon Space Acquisition I's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Horizon Space Acquisition I's average total debt for the quarter that ended in Mar. 2024 was $0.38 Mil. Therefore, Horizon Space Acquisition I's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Horizon Space Acquisition I Effective Interest Rate on Debt % Historical Data

The historical data trend for Horizon Space Acquisition I'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.

Horizon Space Acquisition I Effective Interest Rate on Debt % Chart

Horizon Space Acquisition I Annual Data

Trend

Dec22

Dec23

Effective Interest Rate on Debt %

Horizon Space Acquisition I Semi-Annual Data
	Aug22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Horizon Space Acquisition I's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Horizon Space Acquisition I'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.

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

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

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

Horizon Space Acquisition I Effective Interest Rate on Debt % Calculation

Horizon Space Acquisition I'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	/	( (0	+	0.28)	/ 1 )
=	-1 * 0	/	0.28
=	0.00 %

where

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

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.28
=	0.28

Horizon Space Acquisition I's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * 0	/	( (0.28	+	0.48)	/ 2 )
=	-1 * 0	/	0.38
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.28
=	0.28

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.48
=	0.48

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Horizon Space Acquisition I (NAS:HSPOW) Effective Interest Rate on Debt % Explanation

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

Horizon Space Acquisition I Effective Interest Rate on Debt % Related Terms

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

Horizon Space Acquisition I (Horizon Space Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Horizon Space Acquisition I Corp (NAS:HSPOW) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

HSPO:USA

Address

1412 Broadway, 21st Floor, Suite 21V, New York, NY, USA, 10018

Website

Horizon Space Acquisition I Corp is a blank check company.

Horizon Space Acquisition I (Horizon Space Acquisition I) Headlines

From GuruFocus

Horizon Space Acquisition I Corp. Announces the Separate Trading of its Ordinary Shares, Warrants, and Rights, Commencing on January 26, 2023

By ACCESSWIRE ACCESSWIRE • 01-24-2023

Horizon Space Acquisition I Corp. Announces Closing of $69 Million Initial Public Offering

By ACCESSWIRE ACCESSWIRE • 12-28-2022