Marathon Petroleum (WBO:MPC) Effective Interest Rate on Debt % : 4.46% (As of Sep. 2024)

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What is Marathon Petroleum 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. Marathon Petroleum's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €1,215 Mil. Marathon Petroleum's average total debt for the quarter that ended in Sep. 2024 was €27,229 Mil. Therefore, Marathon Petroleum's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 4.46%.

Marathon Petroleum Effective Interest Rate on Debt % Historical Data

The historical data trend for Marathon Petroleum'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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Marathon Petroleum Effective Interest Rate on Debt % Chart

Marathon Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.29

4.01

4.40

4.50

4.42

Marathon Petroleum 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															4.51	4.41	4.62	4.50	4.46

Competitive Comparison of Marathon Petroleum's Effective Interest Rate on Debt %

For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum'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.

Marathon Petroleum's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Marathon Petroleum's Effective Interest Rate on Debt % distribution charts can be found below:

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

Marathon Petroleum Effective Interest Rate on Debt % Calculation

Marathon Petroleum'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 * -1160.005	/	( (26346.096	+	26135.417)	/ 2 )
=	-1 * -1160.005	/	26240.7565
=	4.42 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24992.4	+	1353.696
=	26346.096

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23927.281	+	2208.136
=	26135.417

Marathon Petroleum'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 * -1214.548	/	( (27973.119	+	26485.796)	/ 2 )
=	-1 * -1214.548	/	27229.4575
=	4.46 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22988.105	+	4985.014
=	27973.119

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22294.344	+	4191.452
=	26485.796

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.

Marathon Petroleum (WBO:MPC) Effective Interest Rate on Debt % Explanation

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

Marathon Petroleum Effective Interest Rate on Debt % Related Terms

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Marathon Petroleum Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MPC:USA MPC:Mexico 0JYA:UK MPN:Germany MPN:Germany M1PC34:Brazil

Address

539 South Main Street, Findlay, OH, USA, 45840-3229

Website

https://www.marathonpetroleum.com

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility has the ability to produce 730 million gallons a year of renewable diesel. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.