The Toronto-Dominion Bank (TSX:TD) Effective Interest Rate on Debt % : 15.29% (As of Jan. 2024)

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What is The Toronto-Dominion Bank 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. The Toronto-Dominion Bank's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$61,300 Mil. The Toronto-Dominion Bank's average total debt for the quarter that ended in Jan. 2024 was C$400,839 Mil. Therefore, The Toronto-Dominion Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 15.29%.

The Toronto-Dominion Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for The Toronto-Dominion Bank'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.

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The Toronto-Dominion Bank Effective Interest Rate on Debt % Chart

The Toronto-Dominion Bank Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

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6.64

4.20

2.12

4.34

13.08

The Toronto-Dominion Bank Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.38	11.22	13.35	14.99	15.29

Competitive Comparison of The Toronto-Dominion Bank's Effective Interest Rate on Debt %

For the Banks - Diversified subindustry, The Toronto-Dominion Bank'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.

The Toronto-Dominion Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The Toronto-Dominion Bank's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where The Toronto-Dominion Bank's Effective Interest Rate on Debt % falls into.

The Toronto-Dominion Bank Effective Interest Rate on Debt % Calculation

The Toronto-Dominion Bank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -50730	/	( (374036	+	401809)	/ 2 )
=	-1 * -50730	/	387922.5
=	13.08 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	158055	+	215981
=	374036

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	183912	+	217897
=	401809

The Toronto-Dominion Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -61300	/	( (401809	+	399869)	/ 2 )
=	-1 * -61300	/	400839
=	15.29 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	183912	+	217897
=	401809

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	180816	+	219053
=	399869

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

The Toronto-Dominion Bank (TSX:TD) Effective Interest Rate on Debt % Explanation

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

The Toronto-Dominion Bank Effective Interest Rate on Debt % Related Terms

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The Toronto-Dominion Bank (TSX:TD) Business Description

Industry

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Comparable Companies

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TDBKF.PFD:USA TNTTF.PFD:USA TD:USA TDB:Germany TDB:Germany TD.PF.M.PFD:Canada TD.PF.L.PFD:Canada TD.PF.J.PFD:Canada TD.PF.I.PFD:Canada TD.PF.E.PFD:Canada TD.PF.D.PFD:Canada TD.PF.C.PFD:Canada TD.PF.B.PFD:Canada TD.PF.A.PFD:Canada

Address

C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre, King St. W. and Bay St., Toronto, ON, CAN, M5K 1A2

Website

https://www.td.com

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.