How To Calculate Interest Expense
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How To Calculate Interest Expense
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Interest Expense Formula And Calculator
Determine the annualized interest rate which is listed in the loan documents Determine the time period over which the interest expense is being calculated Use the interest formula to arrive at the interest expense The formula is Principal x Interest rate x Time period Interest expense It is essentially calculated as the interest rate times the outstanding principal amount of the debt. Interest expense on the income statement represents interest accrued during the period.
How To Calculate Interest Expense
How To Calculate Interest ExpenseInterest Expense = Average Debt Balance x Interest Rate x Time Period. Where: Average Debt Balance = (Beginning Debt Balance + Ending Debt Balance) / 2. Interest Rate = Annualized Interest Rate. Time Period = Number of days in a given time period / number of days in a year. Example of Interest Expense. Interest Expense Interest Rate x Beginning Ending Debt Balance 2 For example if a company has a total of 100 million in debt at a fixed interest rate of 8 the annual interest expense is calculated by multiplying the average debt principal by
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