BlackRock (BlackRock) Interest Expense

: $-325 Mil (TTM As of Dec. 2023)

View and export this data going back to 1999. Start your Free Trial

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BlackRock's interest expense for the three months ended in Dec. 2023 was $ -82 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-325 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. BlackRock's Operating Income for the three months ended in Dec. 2023 was $ 1,644 Mil. BlackRock's Interest Expense for the three months ended in Dec. 2023 was $ -82 Mil. BlackRock's Interest Coverage for the quarter that ended in Dec. 2023 was 20.05. 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.

BlackRock Interest Expense Historical Data

The historical data trend for BlackRock'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.

BlackRock Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-203.00

-205.00

-212.00

-292.00

BlackRock Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense																-59.00	-69.00	-82.00	-82.00	-92.00

BlackRock 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 $-325 Mil.

BlackRock (NYSE:BLK) 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.

BlackRock's Interest Expense for the three months ended in Dec. 2023 was $-82 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,644 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $9,702 Mil.

BlackRock'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	*	1644	/	-82
	=	20.05

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

BlackRock (BlackRock) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock Inc (NYSE:BLK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

BLK:Peru BLK:Mexico 1BLK:Italy BLQAd:UK BLQA:Germany BLQA:Germany BLQA:Germany BLQA:Germany BLAK34:Brazil BLK:Austria

Address

50 Hudson Yards, New York, NY, USA, 10001

Website

https://www.blackrock.com

BlackRock is the largest asset manager in the world, with $9.101 trillion in AUM at the end of September 2023. Product mix is fairly diverse, with 52% of the firm's managed assets in equity strategies, 28% in fixed income, 9% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada.

Executives

Laurence Fink	director, officer: Chairman and CEO	BLACKROCK, INC., 50 HUDSON YARDS, NEW YORK NY 10001
Mark Wiedman	officer: Senior Managing Director	50 HUDSON YARDS, NEW YORK NY 10001
Amin H. Nasser	director	50 HUDSON YARDS, NEW YORK NY 10001
J. Richard Kushel	officer: Senior Managing Director	BLACKROCK, INC., 50 HUDSON YARDS, NEW YORK NY 10001
Martin Small	officer: CFO & Senior Managing Director	50 HUDSON YARDS, NEW YORK NY 10001
Marc D. Comerchero	officer: Principal Accounting Officer	BLACKROCK, INC., 50 HUDSON YARDS, NEW YORK NY 10001
Stephen Cohen	officer: Senior Managing Director	55 EAST 52ND STREET, NEW YORK NY 10055
Caroline Heller	officer: Senior Managing Director	50 HUDSON YARDS, NEW YORK NY 10001
Manish Mehta	officer: Senior Managing Director	55 EAST 52ND STREET, NEW YORK NY 10055
Rachel Lord	officer: Senior Managing Director	55 EAST 52ND STREET, NEW YORK NY 10055
Mark Mccombe	officer: Senior Managing Director	BLACKROCK, INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Robert Kapito	director, officer: President	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
William E Ford	director	55 EAST 52ND STREET, 32ND FLOOR, NEW YORK NY 10055
Kristin C Peck	director	C/O ZOETIS INC., 10 SYLVAN WAY, PARSIPPANY NJ 07054
Beth Ford	director	C/O CORPORATE SECRETARY SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012