Franklin Resources (Franklin Resources) Interest Expense : $-112 Mil (TTM As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

What is Franklin Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Franklin Resources's interest expense for the three months ended in Dec. 2023 was $ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-112 Mil.

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. Franklin Resources's Operating Income for the three months ended in Dec. 2023 was $ 348 Mil. Franklin Resources's Interest Expense for the three months ended in Dec. 2023 was $ -19 Mil. Franklin Resources's Interest Coverage for the quarter that ended in Dec. 2023 was 18.52. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Franklin Resources Interest Expense Historical Data

The historical data trend for Franklin Resources's Interest Expense can be seen below:

* 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.

* Premium members only.

Franklin Resources Interest Expense Chart

Franklin Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

Get a 7-Day Free Trial

-22.40

-33.40

-85.40

-98.20

-123.70

Franklin Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-30.90	-33.50	-34.90	-24.40	-18.80

Franklin Resources Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-112 Mil.

Franklin Resources (NYSE:BEN) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Franklin Resources's Interest Expense for the three months ended in Dec. 2023 was $-19 Mil. Its Operating Income for the three months ended in Dec. 2023 was $348 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $11,752 Mil.

Franklin Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	348.2	/	-18.8
	=	18.52

The higher the ratio, the stronger the company's financial strength is.

Franklin Resources (Franklin Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Franklin Resources Inc (NYSE:BEN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FRK:Germany FRK:Germany

Address

One Franklin Parkway, San Mateo, CA, USA, 94403

Website

https://www.franklinresources.com

Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.

Executives

Alok Sethi	officer: Reg. S-K Executive Officer	ONE FRANKLING PARKWAY, SAN MATEO CA 94403
Mariann H Byerwalter	director	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY 920/2, SAN MATEO CA 94403
Terrence Murphy	officer: Section 16 Officer	CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE, 4TH FLOOR, STAMFORD CT 06902
Jennifer M Johnson	officer: Senior Vice President	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Jed A. Plafker	officer: Reg. S-K Executive Officer	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Thomas C Merchant	officer: EVP, General Counsel	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Gwen L Shaneyfelt	officer: Chief Accounting Officer	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Karen Matsushima King	director	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
John Y Kim	director	51 MADISON AVENUE, NEW YORK NY 10010
John W Thiel	director	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Alexander S Friedman	director	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Adam Benjamin Spector	officer: EVP, Global Advisory Services	620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Craig Steven Tyle	officer: Exec VP and General Counsel	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Anthony Noto	director	C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105
Johnson Rupert H Jr	director, 10 percent owner, officer: Vice Chairman	C/O FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403