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Bank of America Corporation (NYSE:BAC)
Interest Expense
$-12,168 Mil (TTM As of Mar. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bank of America Corporation's interest expense for the three months ended in Mar. 2014 was $-2,850 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2014 was $-12,168 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company’s Operating Income (EBIT) by its Interest Expense. Bank of America Corporation's Operating Income for the three months ended in Mar. 2014 was $-681 Mil. Bank of America Corporation's Interest Expense for the three months ended in Mar. 2014 was $-2,850 Mil. Bank of America Corporation's interest coverage for the quarter that ended in Mar. 2014 was 0.00. The higher the ratio, the stronger the company’s financial strength is.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Bank of America Corporation Interest Expense for the trailing twelve months (TTM) ended in Mar. 2014 was -3276 (Jun. 2013 ) + -3116 (Sep. 2013 ) + -2926 (Dec. 2013 ) + -2850 (Mar. 2014 ) = $-12,168 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company’s Operating Income (EBIT) by its Interest Expense. The higher, the better.

Bank of America Corporation's interest expense for the three months ended in Mar. 2014 was $-2,850 Mil. Its operating income for the three months ended in Mar. 2014 was $-681 Mil. And its Long-Term Debt for the three months ended in Mar. 2014 was $254,785 Mil.

Bank of America Corporation's Interest Coverage for the quarter that ended in Mar. 2014 is calculated as

Bank of America Corporation did not have earnings to cover the interest expense.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

The higher the ratio, the stronger the company’s financial strength is.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Bank of America Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Interest Expense -14,993-27,889-43,991-52,863-40,324-30,807-23,974-21,620-16,744-12,755

Bank of America Corporation Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
Interest Expense -4,712-4,615-4,444-4,038-3,647-3,437-3,276-3,116-2,926-2,850
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