BGC Group (FRA:ESD) Interest Expense : €-75 Mil (TTM As of Mar. 2024)

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What is BGC Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BGC Group's interest expense for the three months ended in Mar. 2024 was € -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-75 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. BGC Group's Operating Income for the three months ended in Mar. 2024 was € 51 Mil. BGC Group's Interest Expense for the three months ended in Mar. 2024 was € -19 Mil. BGC Group's Interest Coverage for the quarter that ended in Mar. 2024 was 2.76. 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.

BGC Group Interest Expense Historical Data

The historical data trend for BGC Group'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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BGC Group Interest Expense Chart

BGC Group Annual Data

Trend

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Interest Expense

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-54.22

-62.97

-61.36

-54.69

-70.82

BGC Group 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															-14.70	-18.38	-19.47	-19.07	-18.53

BGC Group 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 €-75 Mil.

BGC Group (FRA:ESD) 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.

BGC Group's Interest Expense for the three months ended in Mar. 2024 was €-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was €51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €869 Mil.

BGC Group'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	*	51.038	/	-18.525
	=	2.76

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

BGC Group (FRA:ESD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BGC Group Inc (FRA:ESD) » Definitions » Interest Expense

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BGC:USA

Address

499 Park Avenue, New York, NY, USA, 10022

Website

https://www.bgcg.com

BGC Group Inc is a brokerage and financial technology company that serves the global financial markets. Its service and product offerings include brokerage for a wide range of financial products including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, brokerage houses, hedge funds, and investment banks. BGC operates in one reportable segment, which is providing brokerage services to the financial markets. The company earns the majority of its revenue in the United Kingdom followed by the United States.

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