Edoc Acquisition (Edoc Acquisition) Effective Interest Rate on Debt % : 1.05% (As of Sep. 2023)

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What is Edoc 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. Edoc Acquisition's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.04 Mil. Edoc Acquisition's average total debt for the quarter that ended in Sep. 2023 was $3.43 Mil. Therefore, Edoc Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 1.05%.

Edoc Acquisition Effective Interest Rate on Debt % Historical Data

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

Edoc Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

0.51

2.26

Edoc Acquisition Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								2.95	2.30	1.40	1.15	1.05

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

For the Shell Companies subindustry, Edoc 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.

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

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

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

Edoc Acquisition Effective Interest Rate on Debt % Calculation

Edoc 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 * -0.036	/	( (0.975	+	2.215)	/ 2 )
=	-1 * -0.036	/	1.595
=	2.26 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.975
=	0.975

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.215
=	2.215

Edoc 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: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.036	/	( (3.309	+	3.545)	/ 2 )
=	-1 * -0.036	/	3.427
=	1.05 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3.309
=	3.309

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3.545
=	3.545

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

Edoc Acquisition (NAS:ADOC) Effective Interest Rate on Debt % Explanation

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

Edoc Acquisition Effective Interest Rate on Debt % Related Terms

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Edoc Acquisition (Edoc Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Edoc Acquisition Corp (NAS:ADOC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7612 Main Street Fishers, Suite 200, Victor, NY, USA, 14564

Website

https://www.edocmed.net

Edoc Acquisition Corp is a blank check company.

Executives

Yan Michael Li	director	7612 MAIN STREET FISHERS SUITE 200, VICTOR NY 14564
Jintao Zheng	director	7612 MAIN STREET FISHERS SUITE 200, VICTOR NY 14564
Yakira Capital Management, Inc.	10 percent owner	1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880
Bob Yunjun Ai	director	444 WASHINGTON BLVD, SUITE 3338, JERSEY CITY NJ 07310
Jiuji Yan	director	7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
Gang Li	director	7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
Xiaoping Becky Zhang	10 percent owner	7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
Kevin Chen	director, officer: Chief Executive Officer	7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
American Physicians Llc	10 percent owner	7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564