Oaktree Capital Group LLC (Oaktree Capital Group LLC) Interest Coverage : 0 (At Loss) (As of Sep. 2019)

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What is Oaktree Capital Group LLC 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. Oaktree Capital Group LLC's Operating Income for the three months ended in Sep. 2019 was $-40 Mil. Oaktree Capital Group LLC's Interest Expense for the three months ended in Sep. 2019 was $-60 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

OAK's Interest Coverage is not ranked ^*
in the Asset Management industry.
Industry Median: 38.13
* Ranked among companies with meaningful Interest Coverage only.

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

Oaktree Capital Group LLC Interest Coverage Historical Data

The historical data trend for Oaktree Capital Group LLC'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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Oaktree Capital Group LLC Interest Coverage Chart

Oaktree Capital Group LLC Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Interest Coverage

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2.79

2.62

2.41

Oaktree Capital Group LLC Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Interest Coverage	Get a 7-Day Free Trial															1.27	4.94	0.63	1.08	-

Competitive Comparison of Oaktree Capital Group LLC's Interest Coverage

For the Asset Management subindustry, Oaktree Capital Group LLC'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.

Oaktree Capital Group LLC's Interest Coverage Distribution in the Asset Management Industry

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

* The bar in red indicates where Oaktree Capital Group LLC's Interest Coverage falls into.

Oaktree Capital Group LLC 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.

Oaktree Capital Group LLC's Interest Coverage for the fiscal year that ended in Dec. 2018 is calculated as

Here, for the fiscal year that ended in Dec. 2018, Oaktree Capital Group LLC's Interest Expense was $-160 Mil. Its Operating Income was $386 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,738 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2018 )	/	Interest Expense (A: Dec. 2018 )
	=	-1	*	385.508	/	-160.111
	=	2.41

Oaktree Capital Group LLC's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Here, for the three months ended in Sep. 2019, Oaktree Capital Group LLC's Interest Expense was $-60 Mil. Its Operating Income was $-40 Mil. And its Long-Term Debt & Capital Lease Obligation was $7,403 Mil.

Oaktree Capital Group LLC did not have earnings to cover the interest expense.

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

Oaktree Capital Group LLC (NYSE:OAK) 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 .

Oaktree Capital Group LLC Interest Coverage Related Terms

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

Oaktree Capital Group LLC (Oaktree Capital Group LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Oaktree Capital Group LLC (NYSE:OAK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

OAKpB.PFD:USA OAKpA.PFD:USA

Address

333 South Grand Avenue, 28th Floor, Los Angeles, CA, USA, 90071

Website

https://www.oaktreecapital.com

Oaktree Capital Group LLC is an alternative asset manager involved in investing in credit, real assets, private equity, and listed equities. It operates into one segment namely the Investment management business which consists of the services that it provides to clients. It operates in the United States where it generates the majority of its revenue.

Executives

Steven J Gilbert	director	540 MADISON AVE, 40TH FL, NEW YORK NY 10022
Justin B. Beber	director	C/O BROOKFIELD ASSET MANAGEMENT INC., BROOKFIELD PLACE, 181 BAY ST., STE. 300, TORONTO A6 M5J 2T3
Bruce Flatt	director	C/O BROOKFIELD ASSET MANAGEMENT INC., 181 BAY STREET, P.O. BOX 762, TORONTO A6 M5J2T3
Bruce A Karsh	director, officer: See Remarks	C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Daniel D Levin	officer: See Remarks	333 S. GRAND AVENUE, 28 TH FLOOR, LOS ANGELES CA 90071
Larry W Keele	director	C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Wayne G Pierson	director	C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Todd E Molz	officer: See Remarks	C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Howard S Marks	director, officer: Co-Chairman	C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071
Sheldon M Stone	director, officer: Principal	C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071
David Richard Masson	director	333 S GRAND AVENUE 28TH FL, LOS ANGELES CA 90071
Robert E Denham	director	MUNGER, TOLLES & OLSON LLP, 355 S. GRAND AVENUE, 35TH FLOOR, LOS ANGELES CA 90071
John Frank	director, officer: Vice Chairman	C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071
Jay S Wintrob	director, officer: Chief Executive Officer	333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Marna C Whittington	director	2959 BARLEY MILL ROAD, YORKLYN DE 19736