Jackson Financial (LTS:0JKF) Effective Interest Rate on Debt % : 2.46% (As of Mar. 2024)

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What is Jackson Financial 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. Jackson Financial's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $100 Mil. Jackson Financial's average total debt for the quarter that ended in Mar. 2024 was $4,063 Mil. Therefore, Jackson Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.46%.

Jackson Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Jackson 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.

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Jackson Financial Effective Interest Rate on Debt % Chart

Jackson Financial Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.68

5.84

1.69

2.68

4.41

Jackson Financial Quarterly Data
	Dec18	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														2.48	5.00	4.23	3.23	2.46

Competitive Comparison of Jackson Financial's Effective Interest Rate on Debt %

For the Insurance - Life subindustry, Jackson 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.

Jackson Financial's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

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

Jackson Financial Effective Interest Rate on Debt % Calculation

Jackson Financial'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 * -185	/	( (4367	+	4025)	/ 2 )
=	-1 * -185	/	4196
=	4.41 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4367	+	0
=	4367

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4025	+	0
=	4025

Jackson Financial'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 * -100	/	( (4025	+	4101)	/ 2 )
=	-1 * -100	/	4063
=	2.46 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4025	+	0
=	4025

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4101	+	0
=	4101

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.

Jackson Financial (LTS:0JKF) Effective Interest Rate on Debt % Explanation

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

Jackson Financial Effective Interest Rate on Debt % Related Terms

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Jackson Financial (LTS:0JKF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Jackson Financial Inc (LTS:0JKF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

JXN:USA 8WF:Germany 8WF:Germany

Address

1 Corporate Way, Lansing, MI, USA, 48951

Website

https://www.jackson.com

Jackson Financial Inc helps Americans grow and protect their retirement savings and income to enable them to pursue financial freedom for life. Its retail product offerings comprise annuities, designed to help retail investors save for and live in retirement. Its diverse suite of annuities includes a variable, fixed index, and fixed annuities. It manages the business through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks and Corporate and Other segments.

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