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JPMorgan Chase & Co (NYSE:JPM)
Interest Expense
$-7,426 Mil (TTM As of Jun. 2015)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. JPMorgan Chase & Co's interest expense for the three months ended in Jun. 2015 was $-1,830 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2015 was $-7,426 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. JPMorgan Chase & Co's Operating Income for the three months ended in Jun. 2015 was $8,377 Mil. JPMorgan Chase & Co's Interest Expense for the three months ended in Jun. 2015 was $-1,830 Mil. JPMorgan Chase & Co's interest coverage for the quarter that ended in Jun. 2015 was 4.58. 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.

JPMorgan Chase & Co Interest Expense for the trailing twelve months (TTM) ended in Jun. 2015 was -1819 (Sep. 2014 ) + -1889 (Dec. 2014 ) + -1888 (Mar. 2015 ) + -1830 (Jun. 2015 ) = $-7,426 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.

JPMorgan Chase & Co's interest expense for the three months ended in Jun. 2015 was $-1,830 Mil. Its operating income for the three months ended in Jun. 2015 was $8,377 Mil. And its Long-Term Debt for the three months ended in Jun. 2015 was $316,754 Mil.

JPMorgan Chase & Co's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

Interest Coverage=-1*Operating Income (Q: Jun. 2015 )/Interest Expense (Q: Jun. 2015 )
=-1*8377/-1830
=4.58

* 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.

JPMorgan Chase & Co Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Interest Expense -25,520-37,865-44,981-34,239-15,198-12,781-13,604-11,153-9,350-7,897

JPMorgan Chase & Co Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
Interest Expense -2,432-2,368-2,291-2,259-2,126-2,063-1,819-1,889-1,888-1,830
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