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Wells Fargo Effective Interest Rate on Debt %

: 1.87% (As of Jun. 2021)
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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. Wells Fargo's annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was $3,620 Mil. Wells Fargo's average total debt for the quarter that ended in Jun. 2021 was $193,472 Mil. Therefore, Wells Fargo's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 1.87%.


Wells Fargo Effective Interest Rate on Debt % Historical Data

The historical data trend for Wells Fargo'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.

Wells Fargo Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.42 3.64 6.08 7.81 3.42

Wells Fargo Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 3.15 2.47 2.11 2.37 1.87

Competitive Comparison

For the Banks - Diversified subindustry, Wells Fargo'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.

   

Wells Fargo Effective Interest Rate on Debt % Distribution

For the Banks industry and Financial Services sector, Wells Fargo's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Wells Fargo's Effective Interest Rate on Debt % falls into.



Wells Fargo Effective Interest Rate on Debt % Calculation

Wells Fargo's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2019 )+Total Debt  (A: Dec. 2020 ))/ count )
=-1  *  -7963/( (240300+225587)/ 2 )
=-1  *  -7963/232943.5
=3.42 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=228191 + 12109
=240300

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=212950 + 12637
=225587

Wells Fargo's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2021 )+Total Debt  (Q: Jun. 2021 ))/ count )
=-1  *  -3620/( (195361+191583)/ 2 )
=-1  *  -3620/193472
=1.87 %

where

Total Debt  (Q: Mar. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=183312 + 12049
=195361

Total Debt  (Q: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=179656 + 11927
=191583

* 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 (Jun. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Wells Fargo  (NYSE:WFC) Effective Interest Rate on Debt % Explanation

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


Wells Fargo Effective Interest Rate on Debt % Related Terms

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Wells Fargo Business Description

Wells Fargo logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6021
Address
420 Montgomery Street, San Francisco, CA, USA, 94104
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
Executives
Scharf Charles W director, officer: CEO & President C/O VISA INC. 900 METRO CENTER BLVD. FOSTER CITY CA 94404
Williams Ather Iii officer: Sr. Executive Vice President 30 HUDSON YARDS NEW YORK NY 10001
Santomassimo Michael P. officer: Sr. EVP & CFO 225 LIBERTY STREET NEW YORK NY 10286
Noski Charles H director ONE PICKWICK PLAZA GREENWICH CT 06830
Hewett Wayne M. director 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Chancy Mark A director 303 PEACHTREE ST. 30TH FLOOR ATLANTA GA 30308
Black Steven D director C/O JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017
Clark Celeste A. director C/O ADVANCEPIERRE FOODS HOLDINGS, INC. 9987 CARVER ROAD BLUE ASH OH 45242
Sargent Ronald director 1014 VINE STREET CINCINNATI OH 45202
Owens Lester officer: Sr. Executive Vice President 240 GREENWICH STREET NEW YORK NY 10286
Galloreese David officer: Sr. Executive Vice President 420 MONTGOMERY STREET SAN FRANCISCO CA 94104
Norton Amanda G officer: Sr. EVP and Chief Risk Officer 420 MONTGOMERY STREET SAN FRANCISCO CA 94104
Flowers Derek A. officer: Sr. Executive Vice President 301 SOUTH COLLEGE STREET CHARLOTTE NC 28202
Craver Theodore F Jr director DUKE ENERGY CORPORATION 550 SOUTH TRYON STREET - DEC45A CHARLOTTE NC 28202
Sommers Barry officer: Sr. Executive Vice President 30 HUDSON YARDS NEW YORK NY 10001

Wells Fargo Headlines

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