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Bank of America Corporation  (NYSE:BAC) Interest Expense: \$-11,881 Mil (TTM As of Sep. 2017)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bank of America Corporation's interest expense for the three months ended in Sep. 2017 was \$ -3,496 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2017 was \$-11,881 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Bank of America Corporation's Operating Income for the three months ended in Sep. 2017 was \$ 7,866 Mil. Bank of America Corporation's Interest Expense for the three months ended in Sep. 2017 was \$ -3,496 Mil. Bank of America Corporation's Interest Coverage for the quarter that ended in Sep. 2017 was 2.25. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Historical Data

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

Bank of America Corporation Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Interest Expense -16,744.00 -12,755.00 -10,935.00 -10,549.00 -9,961.00

Bank of America Corporation Quarterly Data

 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Interest Expense -2,409.00 -2,573.00 -2,652.00 -3,160.00 -3,496.00

Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2017 was -2573 (Dec. 2016 ) + -2652 (Mar. 2017 ) + -3160 (Jun. 2017 ) + -3496 (Sep. 2017 ) = \$-11,881 Mil.

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

Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Bank of America Corporation's Interest Expense for the three months ended in Sep. 2017 was \$-3,496 Mil. Its Operating Income for the three months ended in Sep. 2017 was \$7,866 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2017 was \$228,666 Mil.

Bank of America Corporation's Interest Coverage for the quarter that ended in Sep. 2017 is calculated as

 Interest Coverage = -1 * Operating Income (Q: Sep. 2017 ) / Interest Expense (Q: Sep. 2017 ) = -1 * 7866 / -3496 = 2.25

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

The higher the ratio, the stronger the company's financial strength is.

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