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Principal Financial Group (Principal Financial Group) Effective Interest Rate on Debt %

: 0.00% (As of Dec. 2023)
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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. Principal Financial Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0 Mil. Principal Financial Group's average total debt for the quarter that ended in Dec. 2023 was $3,973 Mil. Therefore, Principal Financial Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


Principal Financial Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Principal Financial Group'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.

* Premium members only.

Principal Financial Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
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Principal Financial Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - - -

Competitive Comparison

For the Asset Management subindustry, Principal Financial Group'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.


Principal Financial Group Effective Interest Rate on Debt % Distribution

For the Asset Management industry and Financial Services sector, Principal Financial Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Principal Financial Group's Effective Interest Rate on Debt % falls into.



Principal Financial Group Effective Interest Rate on Debt % Calculation

Principal Financial Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  0/( (4077.7+3992)/ 2 )
=-1  *  0/4034.85
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3697.1 + 380.6
=4077.7

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3930.9 + 61.1
=3992

Principal Financial Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  0/( (3954+3992)/ 2 )
=-1  *  0/3973
=0.00 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3930.2 + 23.8
=3954

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3930.9 + 61.1
=3992

* 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.


Principal Financial Group  (NAS:PFG) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Principal Financial Group Effective Interest Rate on Debt % Related Terms

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Principal Financial Group (Principal Financial Group) Business Description

Traded in Other Exchanges
Address
711 High Street, Des Moines, IA, USA, 50392
Principal Financial Group Inc is a leader in Global investment management offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through our diverse family of financial services companies. It operates in four business segments that are Retirement and Income Solutions, Principal Global Investors, Principal International, and United States Insurance Solutions. The company receives maximum revenue in the form of premiums.
Executives
Luis E. Valdes officer: Executive Chairman, Latam 711 HIGH STREET, DES MOINES IA 50392-0300
Sandra L Helton director 711 HIGH STREET, DES MOINES IA 50392-0300
Wee Yee Cheong officer: EVP, Principal Asia 711 HIGH STREET, DES MOINES IA 50392
Roberto Walker officer: EVP, Principal Latin American 711 HIGH ST., DES MOINES IA 50392
Renee V. Schaaf officer: President - RIS 711 HIGH STREET, DES MOINES IA 50392
Natalie Lamarque officer: EVP, General Counsel, and Secr 711 HIGH STREET, DES MOINES IA 50392
H Elizabeth Mitchell director PLATINUM UNDERWRITERS REINSURANCE, INC., 2 WORLD FINANCIAL CENTER, SUITE 2300, NEW YORK NY 10281
Jonathan Auerbach director C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET, SAN JOSE CA 95131
Claudio Muruzabal director 711 HIGH STREET, DES MOINES IA 50392
Maliz E Beams director C/O PORT FINANCIAL CORP, 1380 SOLDIERS FIELD RD, BRIGHTON MA 02135
Alfredo Rivera director THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Scott Mills director 1515 BROADWAY, NEW YORK NY 10036
Clare Stack Richer director BAIN CAPITAL, LP, 200 CLARENDON STREET, BOSTON MA 02116
Diane C Nordin director 711 HIGH ST., DES MOINES IA 50392
Roger C Hochschild director 2500 LAKE COOK ROAD, RIVERWOODS IL 60015