What is International Business Machines's debt instrument - effective interest rate?

International Business Machines (IBM) reported debt instrument - effective interest rate of $0.05 in Q4 2025.

What is the long-term trend for International Business Machines's debt instrument - effective interest rate?

Over 3 years (2022 to 2025), International Business Machines's debt instrument - effective interest rate has grown at a 22.8% compound annual growth rate (CAGR), from $0.03 to $0.05.

What does debt instrument - effective interest rate mean?

The true annual interest rate paid on debt after adjusting for discounts and issuance costs.

Discontinued — last reported Q3 '23

Non-Current Liabilities

Debt Instrument - Effective Interest Rate

International Business Machines Debt Instrument - Effective Interest Rate decreased by 10.7% to $0.05 in Q4 2025 compared to the prior quarter. Over 3 years (FY 2022 to FY 2025), Debt Instrument - Effective Interest Rate shows an upward trend with a 22.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Liabilities

CategoryProfitability

SignalLower is better

VolatilityModerate

First reportedQ4 2018

Last reportedQ3 2023

How to read this metric

An increase suggests rising borrowing costs or a higher risk profile, while a decrease indicates improved credit terms or favorable market conditions.

Detailed definition

This is the actual interest rate paid on debt instruments, accounting for the amortization of discounts, premiums, and i...

Peer comparison

Used to benchmark the cost of debt against industry peers and market interest rate benchmarks.

Metric ID: debt_instrument_interest_rate_effective_pct

Historical Data

4 periods

	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$0.03	$0.06	$0.06	$0.05
QoQ Change	—	+125.9%	-8.2%	-10.7%
YoY Change	—	+125.9%	-8.2%	-10.7%

Range$0.03 – $0.06

Avg YoY Growth+35.7%

Median YoY Growth-8.2%

Current Streak2 quarters decline