Man Group (FRA:MN3) Interest Coverage : 8.18 (As of Dec. 2023)

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What is Man Group Interest Coverage?

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 by its Interest Expense. Man Group's Operating Income for the six months ended in Dec. 2023 was €127 Mil. Man Group's Interest Expense for the six months ended in Dec. 2023 was €-16 Mil. Man Group's interest coverage for the quarter that ended in Dec. 2023 was 8.18. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Man Group's Interest Coverage or its related term are showing as below:

FRA:MN3' s Interest Coverage Range Over the Past 10 Years
Min: 2.59 Med: 9.87 Max: 56.54
Current: 11.05

FRA:MN3's Interest Coverage is ranked worse than
63.92% of 449 companies
in the Asset Management industry
Industry Median: 40.02 vs FRA:MN3: 11.05

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

Man Group Interest Coverage Historical Data

The historical data trend for Man Group's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Man Group Interest Coverage Chart

Man Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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6.74

13.29

46.75

56.54

11.05

Man Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															48.67	77.00	43.75	20.80	8.18

Competitive Comparison of Man Group's Interest Coverage

For the Asset Management subindustry, Man Group's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.

Man Group's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Man Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Man Group's Interest Coverage falls into.

Man Group Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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

Man Group's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Man Group's Interest Expense was €-20 Mil. Its Operating Income was €223 Mil. And its Long-Term Debt & Capital Lease Obligation was €359 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	222.831	/	-20.174
	=	11.05

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

Here, for the six months ended in Dec. 2023, Man Group's Interest Expense was €-16 Mil. Its Operating Income was €127 Mil. And its Long-Term Debt & Capital Lease Obligation was €359 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	127.463	/	-15.589
	=	8.18

The higher the ratio, the stronger the company's Financial Strength is.

Man Group (FRA:MN3) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Man Group Interest Coverage Related Terms

Thank you for viewing the detailed overview of Man Group's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Man Group (FRA:MN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Man Group PLC (FRA:MN3) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

MNGPF:USA EMGl:UK EMG:UK M3N:Germany

Address

2 Swan Lane, Riverbank House, London, GBR, EC4R 3AD

Website

https://www.man.com

Man Group PLC is a investment management firm. It provides a diverse range of alternative and traditional quantitative investment strategies to a predominantly institutional client base. Man divides its reported funds under management by four material segments, including momentum strategies, multi- strategy, sector-based, and alpha capture strategies. The momentum strategy utilizes algorithms to identify trends and to exhibit low correlation with other asset classes. Multi-asset strategies compose a mix of high-conviction systematic models of liquid assets. The alpha capture strategy constructs a long-only portfolio of best ideas from specific equity brokers. Revenue is generated primarily through management fees and secondarily through performance fees.

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