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Concord Acquisition III (Concord Acquisition III) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)


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What is Concord Acquisition III 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. Concord Acquisition III's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Concord Acquisition III's average total debt for the quarter that ended in Dec. 2023 was $0.85 Mil. Therefore, Concord Acquisition III's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


Concord Acquisition III Effective Interest Rate on Debt % Historical Data

The historical data trend for Concord Acquisition III'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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Concord Acquisition III Effective Interest Rate on Debt % Chart

Concord Acquisition III Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - -

Concord Acquisition III Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Concord Acquisition III's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Concord Acquisition III'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.


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

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

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



Concord Acquisition III Effective Interest Rate on Debt % Calculation

Concord Acquisition III'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/( (1+0.035)/ 2 )
=-1  *  0/0.5175
=0.00 %

where

Concord Acquisition III's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  0/( (1.664+0.035)/ 2 )
=-1  *  0/0.8495
=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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Concord Acquisition III  (NYSE:CNDB) Effective Interest Rate on Debt % Explanation

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


Concord Acquisition III Effective Interest Rate on Debt % Related Terms

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Concord Acquisition III (Concord Acquisition III) Business Description

Traded in Other Exchanges
N/A
Address
477 Madison Avenue, New York, NY, USA, 10022
Website
Concord Acquisition Corp III is a newly incorporated blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Diamond Robert E. Jr. director BLACKROCK, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Lawrence E Leibowitz director C/O NYSE EURONEXT, 11 WALL STREET, NEW YORK NY 10005
Jeffrey Tuder director, officer: Chief Executive Officer 6 GREENHOUSE DRIVE, PRINCETON NJ 08540
Thomas C. King director C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC., 4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249
Peter Ort director C/O CONCORD ACQUISITION CORP, 477 MADISON AVENUE, NEW YORK NY 10022
Michele Cito officer: Chief Financial Officer C/O CONCORD ACQUISITION CORP, 477 MADISON AVENUE, NEW YORK NY 10022
Concord Sponsor Group Iii 10 percent owner 477 MADISON AVENUE, NEW YORK NY 10022