Switch to:
JPMorgan Chase & Co (NYSE:JPM)
Interest Expense
$-9,035 Mil (TTM As of Sep. 2016)

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 Sep. 2016 was $-2,467 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2016 was $-9,035 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 Sep. 2016 was $8,939 Mil. JPMorgan Chase & Co's Interest Expense for the three months ended in Sep. 2016 was $-2,467 Mil. JPMorgan Chase & Co's interest coverage for the quarter that ended in Sep. 2016 was 3.62. The higher the ratio, the stronger the company’s financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


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 Sep. 2016 was -1930 (Dec. 2015 ) + -2172 (Mar. 2016 ) + -2466 (Jun. 2016 ) + -2467 (Sep. 2016 ) = $-9,035 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

JPMorgan Chase & Co's interest expense for the three months ended in Sep. 2016 was $-2,467 Mil. Its operating income for the three months ended in Sep. 2016 was $8,939 Mil. And its Long-Term Debt for the three months ended in Sep. 2016 was $333,897 Mil.

JPMorgan Chase & Co's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

Interest Coverage=-1*Operating Income (Q: Sep. 2016 )/Interest Expense (Q: Sep. 2016 )
=-1*8939/-2467
=3.62

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

JPMorgan Chase & Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Interest Expense -37,865-44,981-34,239-15,198-12,781-13,604-11,043-9,350-7,897-7,463

JPMorgan Chase & Co Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
Interest Expense -2,063-1,819-1,889-1,888-1,830-1,815-1,930-2,172-2,466-2,467
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK