How much debt does Bank of America have?

According to Bank of America's latest annual financial reports, the company's debt profile is as follows:

Total Debt and Liabilities

Bank of America's total debt stands at $334.30B. This is broken down into:

• Long-term debt: $302.20B
• Short-term debt: $32.10B

The company's net debt, which accounts for cash and cash equivalents, is $-7.12B. In terms of overall financial obligations, Bank of America's total liabilities amount to $2.89T.

Debt Ratios and Metrics

To better understand Bank of America's debt position, we can look at several key ratios:

• Debt to Equity Ratio: 1.15 - this indicates the proportion of equity and debt the company uses to finance its assets.
• Debt Ratio: 10.51% - this shows the proportion of a company's assets that are financed through debt.
• Interest Coverage Ratio: 0.54 - this measures how easily a company can pay interest on its outstanding debt.
• Long-term Debt to Capitalization: 50.89% - this shows the proportion of long-term debt in the company's capital structure.
• Total Debt to Capitalization: 53.41% - this indicates the total debt in the company's capital structure.

These metrics provide insight into Bank of America's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.