Charles Schwab (LTS:0L3I) Effective Interest Rate on Debt % : 12.13% (As of Sep. 2024)

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What is Charles Schwab 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. Charles Schwab's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $6,824 Mil. Charles Schwab's average total debt for the quarter that ended in Sep. 2024 was $56,240 Mil. Therefore, Charles Schwab's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 12.13%.

Charles Schwab Effective Interest Rate on Debt % Historical Data

The historical data trend for Charles Schwab'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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Charles Schwab Effective Interest Rate on Debt % Chart

Charles Schwab Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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14.87

3.97

2.55

5.01

13.79

Charles Schwab Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.57	11.91	11.95	11.84	12.13

Competitive Comparison of Charles Schwab's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Charles Schwab'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.

Charles Schwab's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Charles Schwab's Effective Interest Rate on Debt % distribution charts can be found below:

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

Charles Schwab Effective Interest Rate on Debt % Calculation

Charles Schwab'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 * -6684	/	( (37878	+	59081)	/ 2 )
=	-1 * -6684	/	48479.5
=	13.79 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20828	+	17050
=	37878

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26128	+	32953
=	59081

Charles Schwab's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -6824	/	( (56845	+	55635)	/ 2 )
=	-1 * -6824	/	56240
=	12.13 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22449	+	34396
=	56845

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22442	+	33193
=	55635

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

Charles Schwab (LTS:0L3I) Effective Interest Rate on Debt % Explanation

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

Charles Schwab Effective Interest Rate on Debt % Related Terms

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Charles Schwab Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Charles Schwab Corp (LTS:0L3I) » Definitions » Effective Interest Rate on Debt %

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Address

3000 Schwab Way, Westlake, TX, USA, 76262

Website

https://www.aboutschwab.com

Charles Schwab operates in brokerage, wealth management, banking, and asset management. It runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website, and it has mobile trading capabilities. It also operates a bank and a proprietary asset-management business and offers services to independent investment advisors. Schwab is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.

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