LPL Financial Holdings (LPL Financial Holdings) Effective Interest Rate on Debt % : 5.95% (As of Dec. 2023)

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What is LPL Financial Holdings 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. LPL Financial Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $218 Mil. LPL Financial Holdings's average total debt for the quarter that ended in Dec. 2023 was $3,659 Mil. Therefore, LPL Financial Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.95%.

LPL Financial Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for LPL Financial Holdings'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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LPL Financial Holdings Effective Interest Rate on Debt % Chart

LPL Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.07

4.04

3.70

4.21

5.41

LPL Financial Holdings 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															5.03	5.20	5.69	5.87	5.95

Competitive Comparison of LPL Financial Holdings's Effective Interest Rate on Debt %

For the Capital Markets subindustry, LPL Financial Holdings'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.

LPL Financial Holdings's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

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

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

LPL Financial Holdings Effective Interest Rate on Debt % Calculation

LPL Financial Holdings'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 * -186.804	/	( (2948.384	+	3963.053)	/ 2 )
=	-1 * -186.804	/	3455.7185
=	5.41 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2948.384	+	0
=	2948.384

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3963.053	+	0
=	3963.053

LPL Financial Holdings'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 * -217.66	/	( (3355.408	+	3963.053)	/ 2 )
=	-1 * -217.66	/	3659.2305
=	5.95 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2943.408	+	412
=	3355.408

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3963.053	+	0
=	3963.053

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.

LPL Financial Holdings (NAS:LPLA) Effective Interest Rate on Debt % Explanation

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

LPL Financial Holdings Effective Interest Rate on Debt % Related Terms

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LPL Financial Holdings (LPL Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » LPL Financial Holdings Inc (NAS:LPLA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

7LI:Germany

Address

4707 Executive Drive, San Diego, CA, USA, 92121

Website

https://www.lpl.com

LPL Financial Holdings is an independent broker/dealer that provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. As of the end of 2022, the company had nearly 20,000 advisors on its platform managing over $1 trillion of client assets.

Executives

Sallie R. Larsen	officer: MD, Chief Human Cap. Officer	ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02018
Aneri Jambusaria	officer: Managing Director	C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121
Dan H. Arnold	officer: MD & Division President, FIS	C/O LPL INVESTMENT HOLDINGS INC., ONE BEACON STREET, BOSTON MA 02108
Richard Steinmeier	officer: Managing Director	C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 22ND FLOOR, BOSTON MA 02109
Althea Brown	officer: Managing Director	C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121
Matthew Enyedi	officer: Managing Director	C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 22ND FLOOR, BOSTON MA 02109
Glavin William Francis Jr	director	6803 SOUTH TUCSON WAY, CENTENNIAL CO 80112
Richard P Schifter	director	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Michelle Oroschakoff	officer: MD, Chief Risk Officer	75 STATE STREET, 24TH FLOOR, BOSTON MA 02109
Matthew J Audette	officer: Chief Financial Officer	C/O DAVIS POLK & WARDWELL, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Albert J Ko	director	C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121
Brent Simonich	officer: EVP, CAO and Treasurer	C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
Kabir Sethi	officer: Managing Director	C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121
Edward Fandrey	officer: Managing Director	C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121
George Burton White	officer: MD, Chief Investment Officer	ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02108