A company's interest expense is included on its income statement and represents the interest ... expense is to multiply a company's total debt by the average interest rate on its debts.

And in recent years, that borrowing has become very expensive. Interest payments on government debt have risen from 1.2 percent of gross domestic product in 2015 to an estimated 3.2 percent in ...

Interest expense on debt is also included in this category ... convert the accrual basis of accounting used to prepare the income statement and balance sheet back to a cash basis.