Franklin Resources (MEX:BEN) Effective Interest Rate on Debt % : 0.78% (As of Sep. 2024)

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What is Franklin Resources 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. Franklin Resources's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was MXN1,969 Mil. Franklin Resources's average total debt for the quarter that ended in Sep. 2024 was MXN253,862 Mil. Therefore, Franklin Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.78%.

Franklin Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Franklin Resources'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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Franklin Resources Effective Interest Rate on Debt % Chart

Franklin Resources Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Effective Interest Rate on Debt %

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0.94

1.18

1.15

1.10

0.83

Franklin Resources 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															0.83	0.63	0.88	0.80	0.78

Competitive Comparison of Franklin Resources's Effective Interest Rate on Debt %

For the Asset Management subindustry, Franklin Resources'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.

Franklin Resources's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

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

Franklin Resources Effective Interest Rate on Debt % Calculation

Franklin Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2023 )	+	Total Debt (A: Sep. 2024 ))	/ count )
=	-1 * -1913.897	/	( (204713.845	+	257684.987)	/ 2 )
=	-1 * -1913.897	/	231199.416
=	0.83 %

where

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	204713.845	+	0
=	204713.845

	Total Debt (A: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	257684.987	+	0
=	257684.987

Franklin Resources'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 * -1969.032	/	( (250038.262	+	257684.987)	/ 2 )
=	-1 * -1969.032	/	253861.6245
=	0.78 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	250038.262	+	0
=	250038.262

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	257684.987	+	0
=	257684.987

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.

Franklin Resources (MEX:BEN) Effective Interest Rate on Debt % Explanation

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

Franklin Resources Effective Interest Rate on Debt % Related Terms

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Franklin Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Franklin Resources Inc (MEX:BEN) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

BEN:USA 0RT6:UK FRK:Germany FRK:Germany F1RA34:Brazil

Address

One Franklin Parkway, San Mateo, CA, USA, 94403

Website

https://www.franklinresources.com

Franklin Resources provides investment services for individual and institutional investors. At the end of October 2024, Franklin had $1.631 trillion in managed assets, composed primarily of equity (38%), fixed-income (32%), multi-asset/balanced (11%) funds, alternatives (15%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (53% of AUM) and institutional accounts (45%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the us-based asset managers we cover, with 30% of its assets under management invested in global/international strategies and just as much sourced from clients domiciled outside the United States.