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Inception Growth Acquisition (Inception Growth Acquisition) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Inception Growth 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. Inception Growth Acquisition's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Inception Growth Acquisition's average total debt for the quarter that ended in Mar. 2024 was $0.41 Mil. Therefore, Inception Growth Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


Inception Growth Acquisition Effective Interest Rate on Debt % Historical Data

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

Inception Growth Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - -

Inception Growth Acquisition Quarterly Data
Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Inception Growth Acquisition's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Inception Growth 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.


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

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

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



Inception Growth Acquisition Effective Interest Rate on Debt % Calculation

Inception Growth 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/( (0.182+0.09)/ 2 )
=-1  *  0/0.136
=0.00 %

where

Inception Growth Acquisition'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/( (0.09+0.72)/ 2 )
=-1  *  0/0.405
=0.00 %

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


Inception Growth Acquisition  (NAS:IGTA) Effective Interest Rate on Debt % Explanation

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


Inception Growth Acquisition Effective Interest Rate on Debt % Related Terms

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Inception Growth Acquisition (Inception Growth Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
875 Washington Street, New York, NY, USA, 10014
Inception Growth Acquisition Ltd is a blank check company.
Executives
Soul Venture Partners Llc 10 percent owner 875 WASHINGTON STREET, NEW YORK NY 10014
Yan Yannie Xu director 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Michael Lawrence Coyne director 10/F TOWER A, BILLION CENTRE, 1 WANG KWONG ROAD, KOWLOON BAY K3 999077
Cheuk Hang Chow director, officer: CEO 875 WASHINGTON STREET, NEW YORK NY 10014
Yun Pun Wong director, officer: CFO UNIT B, 11F, ON HING BUILDING, 1-9 ON HING TERRACE, CENTRAL HONG KONG F4 00000
Matthew Hong director 8 NEWBURY STREET, BOSTON MA 02116
Paige Edward Craig director, officer: CEO 875 WASHINGTON STREET, NEW YORK NY 10014
Suen Man Tak Stephen director 875 WASHINGTON STREET, NEW YORK NY 10014
Albert Chang director 875 WASHINGTON STREET, NEW YORK NY 10014