LPL Financial Holdings (LPL Financial Holdings) Interest Expense : $-187 Mil (TTM As of Dec. 2023)

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What is LPL Financial Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LPL Financial Holdings's interest expense for the three months ended in Dec. 2023 was $ -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-187 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. LPL Financial Holdings's Operating Income for the three months ended in Dec. 2023 was $ 348 Mil. LPL Financial Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -54 Mil. LPL Financial Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 6.40. 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.

LPL Financial Holdings Interest Expense Historical Data

The historical data trend for LPL Financial Holdings'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.

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LPL Financial Holdings Interest Expense Chart

LPL Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-130.00

-105.77

-104.41

-126.23

-186.80

LPL Financial Holdings 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															-37.08	-39.18	-44.84	-48.36	-54.42

LPL Financial Holdings 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 $-187 Mil.

LPL Financial Holdings (NAS:LPLA) 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.

LPL Financial Holdings's Interest Expense for the three months ended in Dec. 2023 was $-54 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 $3,963 Mil.

LPL Financial Holdings'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	*	348.202	/	-54.415
	=	6.40

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

LPL Financial Holdings (LPL Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » LPL Financial Holdings Inc (NAS:LPLA) » Definitions » Interest Expense

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Traded in Other Exchanges

7LI:Germany

Address

4707 Executive Drive, San Diego, CA, USA, 92121

Website

https://www.lpl.com

LPL Financial Holdings is an independent broker/dealer that provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. As of the end of 2022, the company had nearly 20,000 advisors on its platform managing over $1 trillion of client assets.

Executives

Sallie R. Larsen	officer: MD, Chief Human Cap. Officer	ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02018
Aneri Jambusaria	officer: Managing Director	C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121
Dan H. Arnold	officer: MD & Division President, FIS	C/O LPL INVESTMENT HOLDINGS INC., ONE BEACON STREET, BOSTON MA 02108
Richard Steinmeier	officer: Managing Director	C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 22ND FLOOR, BOSTON MA 02109
Althea Brown	officer: Managing Director	C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121
Matthew Enyedi	officer: Managing Director	C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 22ND FLOOR, BOSTON MA 02109
Glavin William Francis Jr	director	6803 SOUTH TUCSON WAY, CENTENNIAL CO 80112
Richard P Schifter	director	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Michelle Oroschakoff	officer: MD, Chief Risk Officer	75 STATE STREET, 24TH FLOOR, BOSTON MA 02109
Matthew J Audette	officer: Chief Financial Officer	C/O DAVIS POLK & WARDWELL, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Albert J Ko	director	C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121
Brent Simonich	officer: EVP, CAO and Treasurer	C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
Kabir Sethi	officer: Managing Director	C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121
Edward Fandrey	officer: Managing Director	C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121
George Burton White	officer: MD, Chief Investment Officer	ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02108