Legg Mason (Legg Mason) Debt-to-Asset : 0.33 (As of Jun. 2020)

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What is Legg Mason Debt-to-Asset?

Legg Mason's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $327 Mil. Legg Mason's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $2,242 Mil. Legg Mason's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2020 was $7,917 Mil. Legg Mason's debt to asset for the quarter that ended in Jun. 2020 was 0.32.

Legg Mason Debt-to-Asset Historical Data

The historical data trend for Legg Mason's Debt-to-Asset 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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Legg Mason Debt-to-Asset Chart

Legg Mason Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Debt-to-Asset

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0.24

0.27

0.29

Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Debt-to-Asset	Get a 7-Day Free Trial															0.33	0.30	0.29	0.29	0.33

Competitive Comparison of Legg Mason's Debt-to-Asset

For the Asset Management subindustry, Legg Mason's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Legg Mason's Debt-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Legg Mason's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Legg Mason's Debt-to-Asset falls into.

Legg Mason Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Legg Mason's Debt-to-Asset for the fiscal year that ended in Mar. 2020 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(77.814	+	2251.47)	/	8006.12
	=	0.29

Legg Mason's Debt-to-Asset for the quarter that ended in Jun. 2020 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(327.191	+	2242.095)	/	7917.437
	=	0.32

Legg Mason (NYSE:LM) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Legg Mason Debt-to-Asset Related Terms

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Legg Mason (Legg Mason) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legg Mason Inc (NYSE:LM) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 International Drive, Baltimore, MD, USA, 21202-1099

Website

https://www.leggmason.com

Legg Mason provides investment management services for institutional and individual investors. The firm had $783.4 billion in managed assets at the end of June, spread among its equity (25% of total AUM), fixed-income (57%), alternatives (9%), and money market (9%) investment platforms. Legg Mason uses a multiaffiliate business model, with its single- largest affiliate, Western Asset Management, accounting for more than 60% of managed assets. Other major affiliates include ClearBridge Investments (more than 15% of AUM), Brandywine (less than 10%), and Clarion Partners (less than 10%). The remaining affiliates--Martin Currie, Royce & Associates, EnTrustPermal, QS Investors, and RARE Infrastructure--each account for 2% or less of Legg Mason's managed assets.