Marsh & McLennan (Marsh & McLennan) Effective Interest Rate on Debt % : 4.13% (As of Mar. 2024)

View and export this data going back to 1969. Start your Free Trial

What is Marsh & McLennan 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. Marsh & McLennan's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $636 Mil. Marsh & McLennan's average total debt for the quarter that ended in Mar. 2024 was $15,408 Mil. Therefore, Marsh & McLennan's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.13%.

Marsh & McLennan Effective Interest Rate on Debt % Historical Data

The historical data trend for Marsh & McLennan'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.

* Premium members only.

Marsh & McLennan Effective Interest Rate on Debt % Chart

Marsh & McLennan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

5.23

3.70

3.32

3.52

4.00

Marsh & McLennan Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.82	3.94	3.84	3.89	4.13

Competitive Comparison of Marsh & McLennan's Effective Interest Rate on Debt %

For the Insurance Brokers subindustry, Marsh & McLennan'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.

Marsh & McLennan's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Marsh & McLennan's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Marsh & McLennan's Effective Interest Rate on Debt % falls into.

Marsh & McLennan Effective Interest Rate on Debt % Calculation

Marsh & McLennan'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 * -578	/	( (13472	+	15436)	/ 2 )
=	-1 * -578	/	14454
=	4.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12894	+	578
=	13472

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13505	+	1931
=	15436

Marsh & McLennan's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -636	/	( (15436	+	15379)	/ 2 )
=	-1 * -636	/	15407.5
=	4.13 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13505	+	1931
=	15436

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13900	+	1479
=	15379

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

Marsh & McLennan (NYSE:MMC) Effective Interest Rate on Debt % Explanation

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

Marsh & McLennan Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Marsh & McLennan's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Marsh & McLennan (Marsh & McLennan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Marsh & McLennan Companies Inc (NYSE:MMC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

MMC:Mexico MSN:Germany MSN:Germany M1MC34:Brazil MMCO:Austria MMC:Argentina

Address

1166 Avenue of the Americas, New York, NY, USA, 10036-2774

Website

https://www.marshmclennan.com

Marsh McLennan is a professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance services and consulting. In risk and insurance services, the firm offers services via Marsh (an insurance broker) and Guy Carpenter (a risk and reinsurance specialist). The consulting division comprises Mercer (a provider of human resource services) and Oliver Wyman (a management and economic consultancy). About half of its revenue is generated outside the U.S.

Executives

Oscar Fanjul	director	C/O OMEGA CAPITAL, S.L., PASEO DE LA CASTELLANA, 28, MADRID U3 28046
John Jude Jones	officer: Chief Marketing Officer	1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Dean Michael Klisura	officer: President & CEO, Guy Carpenter	1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Steven A Mills	director	IBM CORPORATION, 294 ROUTE 100, SOMERS NY 10589
Mark C Mcgivney	officer: Chief Financial Officer
Judith Hartmann	director	1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Ray G Young	director	77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601
Stacy Mills	officer: Vice President and Controller	C/O MARSH & MCLENNAN COMPANIES, INC., 1166 AVENENUE OF THE AMERICAS, NEW YORK NY 11102
Paul Beswick	officer: SVP, Chief Information Officer	1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Martin South	officer: President & CEO, Marsh	1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Martine Ferland	officer: President and CEO, Mercer	C/O MARSH & MCLENNAN COMPANIES, INC., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Katherine Brennan	officer: SVP and General Counsel	1166 AVENUE OF THE AMERICAS, 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Daniel S Glaser	officer: Chairman & CEO, Marsh	C/O MARSH & MCLENNAN COMPANIES, INC., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Hafize Gaye Erkan	director	727 FIFTH AVENUE, NEW YORK NY 10022
Marc D Oken	director	C/O FALFURRIAS CAPITAL PARTNERS, 100 N. TRYON STREET, SUITE 5120, CHARLOTTE NC 28202