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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. IGM Financial's annualized positive value of Interest Expense for the quarter that ended in Mar. 2026 was C$128 Mil. IGM Financial's average total debt for the quarter that ended in Mar. 2026 was C$7,365 Mil. Therefore, IGM Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 was 1.74%.
IGM Financial (TSX:IGM) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
IGM Financial Effective Interest Rate on Debt % Related Terms
IGM Financial Effective Interest Rate on Debt % Historical Data
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The historical data trend for IGM Financial'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.
IGM Financial Effective Interest Rate on Debt % Chart
TSX:IGM vs BLK, BX, KKR: Effective Interest Rate on Debt % Comparison
For the Asset Management subindustry, IGM Financial'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.
IGM Financial Effective Interest Rate on Debt % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, IGM Financial's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where IGM Financial's Effective Interest Rate on Debt % falls into.
* 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 (Mar. 2026) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
What does a Effective Interest Rate on Debt % of 1.74% mean?
IGM Financial (TSX:IGM) has a Effective Interest Rate on Debt % of 1.74% as of Mar. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on IGM Financial and its competitors.
Is IGM Financial's Effective Interest Rate on Debt % too high?
IGM Financial's current Effective Interest Rate on Debt % is 1.74%. Overall, IGM Financial has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IGM Financial's Effective Interest Rate on Debt % compare to BLK and BX?
IGM Financial's Effective Interest Rate on Debt % of 1.74% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Asset Management company?
A good Effective Interest Rate on Debt % depends on the Asset Management industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on IGM Financial and its competitors. IGM Financial's current Effective Interest Rate on Debt % is 1.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGM Financial stock overvalued right now?
Based on GuruFocus' analysis, IGM Financial (TSX:IGM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$51.00, compared to a current price of C$84.37 — trading 65.4% above its estimated fair value. The current Effective Interest Rate on Debt % is 1.74%. IGM Financial's overall GF Score™ is 84/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For IGM Financial (TSX:IGM), the current Effective Interest Rate on Debt % is 1.74% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is IGM Financial (TSX:IGM) Overvalued in 2026?
Based on GuruFocus' analysis, IGM Financial stock appears to be overvalued.
The current stock price of C$84.37 is trading 65.4% above its estimated GF Value™ of C$51.00.
GuruFocus considers IGM Financial to be Significantly Overvalued.
Key valuation signals for TSX:IGM:
Effective Interest Rate on Debt %: 1.74%
GF Value™: C$51.00 vs. price of C$84.37 (65.4% above fair value)
No single metric tells the full story. See the TSX:IGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IGM Financial is a leading nonbank Canadian wealth and asset management company. Power Corporation of Canada, which also holds a majority stake in Great-West Life co, has a majority stake (62%) in IGM. The company has two main operating segments, wealth management and asset management. As of December 2025, IGM's wealth management unit had CAD 159 billion in assets under advisement, or AUA, while the firm's asset management unit had CAD 151 billion in third-party assets under management, or AUM.
84GF Score
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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