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Capital One Financial (Capital One Financial) Effective Interest Rate on Debt % : 29.59% (As of Dec. 2023)


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What is Capital One Financial 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. Capital One Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $14,504 Mil. Capital One Financial's average total debt for the quarter that ended in Dec. 2023 was $49,022 Mil. Therefore, Capital One Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 29.59%.


Capital One Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Capital One Financial'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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Capital One Financial Effective Interest Rate on Debt % Chart

Capital One Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.08 6.55 3.89 9.15 26.14

Capital One Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.62 21.39 24.96 28.07 29.59

Competitive Comparison of Capital One Financial's Effective Interest Rate on Debt %

For the Credit Services subindustry, Capital One Financial'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.


Capital One Financial's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Capital One Financial's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Capital One Financial's Effective Interest Rate on Debt % falls into.



Capital One Financial Effective Interest Rate on Debt % Calculation

Capital One Financial'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  *  -12697/( (47832+49318)/ 2 )
=-1  *  -12697/48575
=26.14 %

where

Capital One Financial'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  *  -14504/( (48725+49318)/ 2 )
=-1  *  -14504/49021.5
=29.59 %

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.


Capital One Financial  (NYSE:COF) Effective Interest Rate on Debt % Explanation

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


Capital One Financial Effective Interest Rate on Debt % Related Terms

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Capital One Financial (Capital One Financial) Business Description

Address
1680 Capital One Drive, McLean, VA, USA, 22102
Capital One is a diversified financial services holding company headquartered in McLean, Virginia. Originally a spinoff of Signet Financial's credit card division in 1994, the company is now primarily involved in credit card lending, auto loans, and commercial lending.
Executives
Laprade,iii Frank G. officer: Chief Enterprise Srvcs Officer 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Robert M. Alexander officer: Chief Information Officer 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ann F Hackett director
Richard D Fairbank director, officer: Chairman, CEO and President 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Kara West officer: Chief Audit Officer 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Kevin S. Borgmann officer: Chief Risk Officer 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Mark Daniel Mouadeb officer: President, U.S. Card 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Neal Blinde officer: EC, Commercial Banking 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Timothy P Golden officer: Controller 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Michael Zamsky officer: Chief Consumer Credit Officer 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ravi Raghu officer: Pres, Software, Intl & Sm Bus 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Sheldon Hall officer: Chief Risk Officer 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Kaitlin Haggerty officer: Chief Human Resources Officer 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Peter E Raskind director NATIONAL CITY CORP, 1900 EAST NINTH STREET, CLEVELAND OH 44114-3484
Matthew W Cooper officer: General Counsel 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102