What is JPMorgan Chase Financial Strength?
JPMorgan Chase has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
GuruFocus does not calculate JPMorgan Chase's interest coverage with the available data.JPMorgan Chase's debt to revenue ratio for the quarter that ended in Jun. 2024 was 2.20.Altman Z-Score does not apply to banks and insurance companies.
JPMorgan Chase Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
JPMorgan Chase's Interest Expense for the months ended in Jun. 2024 was $-25,767 Mil. Its Operating Income for the months ended in Jun. 2024 was $0 Mil. And its for the quarter that ended in Jun. 2024 was $394,028 Mil.
JPMorgan Chase's Interest Coverage for the quarter that ended in Jun. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
JPMorgan Chase's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is
| Debt to Revenue Ratio | = | Total Debt (Q: Jun. 2024 ) | / | Revenue | ||
| = | ( | + | ) | / | Revenue | |
| = | (47308 | + | 394028) | / | 200232 | |
| = | 2.20 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
JPMorgan Chase(NYSE:JPM) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
JPMorgan Chase has the Financial Strength Rank of 4.
JPMorgan Chase Financial Strength Related Terms
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JPMorgan Chase Business Description
Industry
GURUFOCUS.COM »STOCK LIST »Financial Services » Banks » » Definitions » Financial Strength
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Traded in Other Exchanges
JPMpM.PFD:USA JPMpL.PFD:USA JPMpK.PFD:USA JPMpJ.PFD:USA JPMpC.PFD:USA JPMpD.PFD:USA JPM:Peru JPM:Mexico 1JPM:Italy CMCd:UK 0Q1F:UK CMCI:Germany CMC:Germany CMC:Germany CMC:Germany CMC:Germany JPM:Chile JPM:Canada JPMC34:Brazil JPM:Austria JPM:Argentina
Address
383 Madison Avenue, New York, NY, USA, 10179
Website
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
Executives
| Mary E. Erdoes | officer: Managing Director | JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017 |
| Jennifer Piepszak | officer: Chief Financial Officer | JPMORGAN CHASE & CO., 383 MADISON AVENUE, NEW YORK NY 10179 |
| Peter Scher | officer: Executive Vice President | JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017 |
| Ashley Bacon | officer: Chief Risk Officer | JPMORGAN CHASE & CO., 383 MADISON AVENUE, NEW YORK NY 10179 |
| Douglas B Petno | officer: Managing Director | JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017 |
| Marianne Lake | officer: Chief Financial Officer | JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017 |
| Stacey Friedman | officer: General Counsel | JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017 |
| Lori A Beer | officer: Chief Information Officer | JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017 |
| Daniel E Pinto | officer: Managing Director | JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017 |
| Alicia S Boler-davis | director | 300 RENAISSANCE CENTER, M/C: 482-C23-D24, DETROIT MI 48265-3000 |
| Mellody L Hobson | director | C/O TELLABS, 1415 W DIEHL RD, NAPERVILLE IL 60563 |
| Robin Leopold | officer: Head of Human Resources | JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017 |
| Alex Gorsky | director | JOHNSON & JOHNSON, ONE JOHNSON & JOHNSON PLAZA, NEW BRUNSWICK NJ 08933 |
| Jeremy Barnum | officer: Chief Financial Officer | 383 MADISON AVENUE, NEW YORK NY 10179-0001 |
| Elena A Korablina | officer: Corporate Controller | 383 MADISON AVENUE, NEW YORK NY 10179-0001 |
