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Iris Acquisition (Iris Acquisition) Effective Interest Rate on Debt % : 0.15% (As of Mar. 2024)


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What is Iris 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. Iris Acquisition's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Iris Acquisition's average total debt for the quarter that ended in Mar. 2024 was $2.62 Mil. Therefore, Iris Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.15%.


Iris Acquisition Effective Interest Rate on Debt % Historical Data

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

Iris Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - - 6.22

Iris Acquisition Quarterly Data
Nov20 Mar21 Jun21 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 Premium Member Only Premium Member Only - - - 20.32 0.15

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

For the Shell Companies subindustry, Iris 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.


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

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

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



Iris Acquisition Effective Interest Rate on Debt % Calculation

Iris 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  *  -0.103/( (1.04+2.271)/ 2 )
=-1  *  -0.103/1.6555
=6.22 %

where

Iris 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  *  -0.004/( (2.271+2.972)/ 2 )
=-1  *  -0.004/2.6215
=0.15 %

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.


Iris Acquisition  (NAS:IRAA) Effective Interest Rate on Debt % Explanation

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


Iris Acquisition Effective Interest Rate on Debt % Related Terms

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Iris Acquisition (Iris Acquisition) Business Description

Traded in Other Exchanges
Address
122 Mary Street, P.O. Box 10085, 3rd Floor Zephyr House, George Town, Grand Cayman, CYM, KY1-1001
Iris Acquisition Corp is a blank check company.
Executives
Manish C. Shah director 1115 BROADWAY, TENTH FLOOR, NEW YORK NY 10010
Lisha Parmar officer: Chief Financial Officer UNIT 1611 INDEX TOWER DIFC, PO BOX 941641, DUBAI C0 00000
Omkar Halady officer: Vice President UNIT 1611 INDEX TOWER DIFC, PO BOX 941641, DUBAI C0 00000
Duriya M Farooqui director C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Richard N. Peretz director 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Henry S. Ward director C/O FISKER INC., 1580 FRANCISCO STREET, SUITE B, TORRANCE CA 90501
Tribe Arrow Holdings I Llc 10 percent owner 2700 19TH ST, SAN FRANCISCO CA 94110
Rohit Nanani director 2700 19TH STREET, SAN FRANCISCO CA 94110
Ted Maidenberg officer: Secretary 2700 19TH STREET, SAN FRANCISCO CA 94110
Sumit Mehta officer: Vice President 2700 19TH STREET, SAN FRANCISCO CA 94110
Arjun Sethi director, officer: Chairman & CEO 2700 19TH STREET, SAN FRANCISCO CA 94110
Omar Chohan officer: Chief Financial Officer 2700 19TH STREET, SAN FRANCISCO CA 94110