TD Ameritrade Holding (TD Ameritrade Holding) Effective Interest Rate on Debt % : 2.79% (As of Jun. 2020)

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What is TD Ameritrade Holding 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. TD Ameritrade Holding's annualized positive value of Interest Expense for the quarter that ended in Jun. 2020 was $104 Mil. TD Ameritrade Holding's average total debt for the quarter that ended in Jun. 2020 was $3,729 Mil. Therefore, TD Ameritrade Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 was 2.79%.

TD Ameritrade Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for TD Ameritrade Holding'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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TD Ameritrade Holding Effective Interest Rate on Debt % Chart

TD Ameritrade Holding Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Effective Interest Rate on Debt %

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2.89

3.04

3.34

4.25

5.14

TD Ameritrade Holding Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.40	4.58	4.25	3.52	2.79

Competitive Comparison of TD Ameritrade Holding's Effective Interest Rate on Debt %

For the Capital Markets subindustry, TD Ameritrade Holding'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.

TD Ameritrade Holding's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

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

* The bar in red indicates where TD Ameritrade Holding's Effective Interest Rate on Debt % falls into.

TD Ameritrade Holding Effective Interest Rate on Debt % Calculation

TD Ameritrade Holding's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2018 )	+	Total Debt (A: Sep. 2019 ))	/ count )
=	-1 * -155	/	( (2439	+	3594)	/ 2 )
=	-1 * -155	/	3016.5
=	5.14 %

where

	Total Debt (A: Sep. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2439	+	0
=	2439

	Total Debt (A: Sep. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3594	+	0
=	3594

TD Ameritrade Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2020 )	+	Total Debt (Q: Jun. 2020 ))	/ count )
=	-1 * -104	/	( (3721	+	3736)	/ 2 )
=	-1 * -104	/	3728.5
=	2.79 %

where

	Total Debt (Q: Mar. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3721	+	0
=	3721

	Total Debt (Q: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3736	+	0
=	3736

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 (Jun. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

TD Ameritrade Holding (NAS:AMTD) Effective Interest Rate on Debt % Explanation

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

TD Ameritrade Holding Effective Interest Rate on Debt % Related Terms

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TD Ameritrade Holding (TD Ameritrade Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TD Ameritrade Holding Corp (NAS:AMTD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 South 108th Avenue, Omaha, NE, USA, 68154

Website

http://www.amtd.com

TD Ameritrade is a leading retail brokerage and advisor services firm. Its largest shareholder is Toronto-Dominion Bank, which beneficially owns more than 40%. The firm offers trading in stocks, bonds, options, and other asset classes. Recently, TD Ameritrade derived approximately 55% of its revenue from interest-rate-related income and fees, 35% from commissions and transaction fees, and 10% from investment product and other revenue. Practically all of the company's revenue is generated in the United States. TD Ameritrade has a pending merger with Charles Schwab that is expected to close in the second half of 2020.

Executives

Lorenzo A Bettino	director
Wilbur J Prezzano	director	13515 BALLANTYNE CORPORATE PL, CHARLOTTE NC 28277
Joseph H Moglia	director	AMERITRADE HOLDING CORP, 4211 S 102ND ST, OMAHA NE 68127
Todd M Ricketts	director	C/O AMERITRADE HOLDING CORP, 4211 SOUTH 102ND ST, OMAHA NE 68127
Brian M Levitt	director	C/O DOMTAR CORPORATION, 234 KINGSLEY PARK DRIVE, FORT MILL SC 29715
V Ann Hailey	director	THREE LIMITED PARKWAY, COLUMBUS OH 43230
Allan R Tessler	director	C/O EPOCH HOLDING CORPORATION, 640 FIFTH AVENUE, NEW YORK, NY 10019
Dominion Bank Toronto	10 percent owner	66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Td Group Us Holdings Llc	10 percent owner	251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Mark L Mitchell	director	AMERITRADE HOLDING CORP 4211 S 102ND ST OMAHA NE 68127
Td Luxembourg International Holdings S.a R.l.	10 percent owner	46A, AVENUE JOHN F. KENNEDY LUXEMBOURG N4 L-2951
Irene R Miller	director	C/O BARNES & NOBLE INC, 122 FIFTH AVE, NEW YORK NY 10011
Karen E. Maidment	director	TD AMERITRADE HOLDING CORPORATION 6940 COLUMBIA GATEWAY DR., SUITE 200 COLUMBIA MD 21046
Steven M. Quirk	officer: EVP, Trader Group	C/O ROBINHOOD MARKETS INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Jon C. Peterson	officer: Interim CFO	200 S. 108TH AVE OMAHA NE 68154