Legg Mason (Legg Mason) Interest Expense : $-110 Mil (TTM As of Jun. 2020)

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What is Legg Mason Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Legg Mason's interest expense for the three months ended in Jun. 2020 was $ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2020 was $-110 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. Legg Mason's Operating Income for the three months ended in Jun. 2020 was $ 68 Mil. Legg Mason's Interest Expense for the three months ended in Jun. 2020 was $ -29 Mil. Legg Mason's Interest Coverage for the quarter that ended in Jun. 2020 was 2.37. 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.

Legg Mason Interest Expense Historical Data

The historical data trend for Legg Mason'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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Legg Mason Interest Expense Chart

Legg Mason Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Interest Expense

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-48.46

-113.17

-117.87

-117.34

-109.87

Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Interest Expense	Get a 7-Day Free Trial															-28.48	-27.33	-27.03	-27.02	-28.58

Legg Mason 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 Jun. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-110 Mil.

Legg Mason (NYSE:LM) 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.

Legg Mason's Interest Expense for the three months ended in Jun. 2020 was $-29 Mil. Its Operating Income for the three months ended in Jun. 2020 was $68 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2020 was $2,242 Mil.

Legg Mason's Interest Coverage for the quarter that ended in Jun. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2020 )	/	Interest Expense (Q: Jun. 2020 )
	=	-1	*	67.708	/	-28.581
	=	2.37

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

Legg Mason (Legg Mason) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legg Mason Inc (NYSE:LM) » Definitions » Interest Expense

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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.