AssetMark Financial Holdings (AssetMark Financial Holdings) Interest Expense : $-9.1 Mil (TTM As of Mar. 2024)

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What is AssetMark Financial Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AssetMark Financial Holdings's interest expense for the three months ended in Mar. 2024 was $ -2.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-9.1 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. AssetMark Financial Holdings's Operating Income for the three months ended in Mar. 2024 was $ 51.7 Mil. AssetMark Financial Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -2.3 Mil. AssetMark Financial Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 22.53. 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.

AssetMark Financial Holdings Interest Expense Historical Data

The historical data trend for AssetMark 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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AssetMark Financial Holdings Interest Expense Chart

AssetMark Financial Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.27

-5.59

-3.56

-6.52

-9.11

AssetMark Financial Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2.35	-2.14	-2.31	-2.32	-2.29

AssetMark 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.1 Mil.

AssetMark Financial Holdings (NYSE:AMK) 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.

AssetMark Financial Holdings's Interest Expense for the three months ended in Mar. 2024 was $-2.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was $51.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $118.5 Mil.

AssetMark Financial Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	51.69	/	-2.294
	=	22.53

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

AssetMark Financial Holdings (AssetMark Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AssetMark Financial Holdings Inc (NYSE:AMK) » Definitions » Interest Expense

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Traded in Other Exchanges

0LA:Germany

Address

1655 Grant Street, 10th Floor, Concord, CA, USA, 94520

Website

https://www.assetmark.com

AssetMark Financial Holdings Inc is a provider of extensive wealth management and technology solutions that power independent financial advisers and their clients. It provides an end-to-end experience, spanning nearly all elements of an adviser's engagement with the client, from initial conversations to ongoing financial planning discussions, including performance reporting and billing. In addition, the company's platform provides tools and capabilities for advisers to better manage their day-to-day business activities, giving them more time for meaningful conversations with investors.

Executives

Carrie E. Hansen	officer: EVP, Chief Operating Officer	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Ted F. Angus	officer: EVP, General Counsel	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Mcnatt Joel David Jr	officer: EVP, Investment Solutions	C/O ASSETMARK FINANCIAL HOLDINGS INC., 1655 GRANT ST 10TH FLOOR, CONCORD CA 94520
Mukesh Mehta	officer: EVP, Chief Information Officer	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Michael Kim	officer: EVP, Chief Client Officer	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Natalie Grace Wolfsen	officer: EVP, Chief Solutions Officer	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Gary G. Zyla	officer: EVP, Chief Financial Officer	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Esi Minta-jacobs	officer: EVP, Prgm Mgmt & HR	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Jeremiah H Chafkin	officer: EVP, Chief Investment Officer	C/O THE CHARLES SCHWAB CORPORATION, 120 KEARNY STREET, SAN FRANCISCO CA 94108
John Hahn	officer: SVP, Finance & Reporting (PAO)	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET 10TH FLOOR, CONCORD CA 94520
Joseph M Velli	director
Charles G Goldman	director, officer: President and CEO	C/O THE CHARLES SCHWAB CORPORATION, 120 KEARNY STREET, SAN FRANCISCO CA 94108
Lei Wang	director	1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Xiaoning Jiao	director	1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Huatai Securities Co., Ltd.	10 percent owner	NO.228 MIDDLE JIANGDONG ROAD, NANJING, JIANGSU PROVINCE F4 210019