Mountain Crest Acquisition V (Mountain Crest Acquisition V) Effective Interest Rate on Debt % : 3.16% (As of Sep. 2023)

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What is Mountain Crest Acquisition V 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. Mountain Crest Acquisition V's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.01 Mil. Mountain Crest Acquisition V's average total debt for the quarter that ended in Sep. 2023 was $0.25 Mil. Therefore, Mountain Crest Acquisition V's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 3.16%.

Mountain Crest Acquisition V Effective Interest Rate on Debt % Historical Data

The historical data trend for Mountain Crest Acquisition V'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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Mountain Crest Acquisition V Effective Interest Rate on Debt % Chart

Mountain Crest Acquisition V Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

Mountain Crest Acquisition V Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					-	-	-	1.99	3.16

Competitive Comparison of Mountain Crest Acquisition V's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Mountain Crest Acquisition V'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.

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

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

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

Mountain Crest Acquisition V Effective Interest Rate on Debt % Calculation

Mountain Crest Acquisition V'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	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

Mountain Crest Acquisition V'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 * -0.008	/	( (0.403	+	0.103)	/ 2 )
=	-1 * -0.008	/	0.253
=	3.16 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.403
=	0.403

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.103
=	0.103

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.

Mountain Crest Acquisition V (NAS:MCAG) Effective Interest Rate on Debt % Explanation

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

Mountain Crest Acquisition V Effective Interest Rate on Debt % Related Terms

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Mountain Crest Acquisition V (Mountain Crest Acquisition V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mountain Crest Acquisition Corp V (NAS:MCAG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

311 West 43rd Street, 12th Floor, New York, NY, USA, 10036

Website

https://www.mcacquisition.com

Mountain Crest Acquisition Corp V is a blank check company.

Executives

Dong Liu	10 percent owner	311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Nelson Haight	director	4400 POST OAK PARKWAY, SUITE 1900, HOUSTON TX 77027
Suying Liu	director, 10 percent owner, officer: CEO and CFO	311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Todd T. Milbourn	director	C/O OPPENHEIMER & CO., INC., 85 BROAD STREET, 24TH FLOOR, NEW YORK NY 10004
Wenhua Zhang	director	311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Mountain Crest Global Holdings Llc	10 percent owner	311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036