What is BlackRock 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. BlackRock's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $328 Mil. BlackRock's average total debt for the quarter that ended in Dec. 2023 was $9,683 Mil. Therefore, BlackRock's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.39%.
BlackRock Effective Interest Rate on Debt % Historical Data
The historical data trend for BlackRock'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.
Competitive Comparison of BlackRock's Effective Interest Rate on Debt %
For the Asset Management subindustry, BlackRock'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.
BlackRock's Effective Interest Rate on Debt % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where BlackRock's Effective Interest Rate on Debt % falls into.
BlackRock Effective Interest Rate on Debt % Calculation
BlackRock's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
BlackRock (NYSE:BLK) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
BlackRock Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of BlackRock's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
BlackRock is the largest asset manager in the world, with $9.101 trillion in AUM at the end of September 2023. Product mix is fairly diverse, with 52% of the firm's managed assets in equity strategies, 28% in fixed income, 9% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada.
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