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

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What is Feutune Light 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. Feutune Light Acquisition's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Feutune Light Acquisition's average total debt for the quarter that ended in Mar. 2024 was $2.46 Mil. Therefore, Feutune Light Acquisition's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Feutune Light Acquisition Effective Interest Rate on Debt % Historical Data

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

Feutune Light Acquisition Annual Data

Trend

Dec22

Dec23

Effective Interest Rate on Debt %

Feutune Light Acquisition Quarterly Data
	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				-	-	-	-	-

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

For the Shell Companies subindustry, Feutune Light 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.

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

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

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

Feutune Light Acquisition Effective Interest Rate on Debt % Calculation

Feutune Light 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	+	2.163)	/ 1 )
=	-1 * 0	/	2.163
=	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	+	2.163
=	2.163

Feutune Light 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	/	( (2.163	+	2.763)	/ 2 )
=	-1 * 0	/	2.463
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.163
=	2.163

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.763
=	2.763

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.

Feutune Light Acquisition (NAS:FLFV) Effective Interest Rate on Debt % Explanation

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

Feutune Light Acquisition Effective Interest Rate on Debt % Related Terms

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Feutune Light Acquisition (Feutune Light Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 Bridge Street, Building A, Metuchen, NJ, USA, 08840

Website

Feutune Light Acquisition Corp is a newly organized blank check company.

Executives

Wenbing Wang	director	21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Michael Davidov	other: Former Director	60 EAST 42 STREET, NEW YORK NY 10165
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Yuanmei Ma	officer: CFO	ROOM 605A TOWER A, RAYCOM INFO TECH PARK, NO. 2 KEXUEYUAN S. RD., ZHONGGUANCUN, HAIDIAN DISTRICT, BEIJING F4 100080
Lei Xu	director, other: President and chairwoman	1818 LINDA VISTA CIR., FULLERTON CA 92831
Feutune Light Sponsor Llc	10 percent owner	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Xuedong Tian	director, officer: CEO and Director	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Sau Fong Yeung	10 percent owner	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Kevin Vassily	director	C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010
Ping Li	director	A1 68 XINXIA STREET, PINGHU, LONGGANG, SHENZHEN, GUANDONG F4 518111