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JPMorgan Chase & Co  (NYSE:JPM) Effective Interest Rate on Debt %: 4.52% (As of Sep. 2017)

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 Current Portion of Long-Term Debt. JPMorgan Chase & Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2017 was $15,556 Mil. JPMorgan Chase & Co's average total debt for the quarter that ended in Sep. 2017 was $344,333 Mil. Therefore, JPMorgan Chase & Co's annualized effective interest rate on debt for the quarter that ended in Sep. 2017 was 4.52%.


Historical Data

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

* Premium members only.

JPMorgan Chase & Co Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.34 2.73 2.17 2.14 3.00

JPMorgan Chase & Co Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.91 3.21 3.62 4.08 4.52

Competitive Comparison
* 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.


Calculation

JPMorgan Chase & Co's annualized Effective Interest Rate on Debt for the fiscal year that ended in Dec. 2016 is calculated as

Effective Interest Rate on Debt
=-1  *  Interest Expense/( (Total Debt  (A: {A2})+Total Debt  (A: Dec. 2016 ))/ 2 )
=-1  *  -9818/( (325318+329688)/ 2 )
=-1  *  -9818/327503
=3.00 %

where

Total Debt  (A: Dec. 2015 )
=Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt
=309756 + 15562
=325318

Total Debt  (A: Dec. 2016 )
=Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt
=317950 + 11738
=329688

JPMorgan Chase & Co's annualized Effective Interest Rate on Debt for the quarter that ended in Sep. 2017 is calculated as

Effective Interest Rate on Debt
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2017 )+Total Debt  (Q: Sep. 2017 ))/ 2 )
=-1  *  -15556/( (346116+342549)/ 2 )
=-1  *  -15556/344332.5
=4.52 %

where

Total Debt  (Q: Jun. 2017 )
=Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt
=323909 + 22207
=346116

Total Debt  (Q: Sep. 2017 )
=Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt
=318301 + 24248
=342549

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 (Sep. 2017) interest expense data. Effective Interest Rate on Debt is displayed in the 30-year financial page.


Explanation

Effective interest rate on debt measures the usage rate that a borrower actually pays on a debt.


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