Pzena Investment Management (Pzena Investment Management) Interest Coverage : N/A (As of Jun. 2022)

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What is Pzena Investment Management 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. Pzena Investment Management's Operating Income for the three months ended in Jun. 2022 was $24.6 Mil. Pzena Investment Management's Interest Expense for the three months ended in Jun. 2022 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Pzena Investment Management's Interest Coverage or its related term are showing as below:

PZN's Interest Coverage is not ranked ^*
in the Asset Management industry.
Industry Median: 38.09
* 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.

Pzena Investment Management Interest Coverage Historical Data

The historical data trend for Pzena Investment Management'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.

* Premium members only.

Pzena Investment Management Interest Coverage Chart

Pzena Investment Management Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Coverage

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2,381.17

1,022.79

951.33

3,454.56

52,929.50

Pzena Investment Management Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Coverage	Get a 7-Day Free Trial															N/A	13,250.00	N/A	N/A	N/A

Competitive Comparison of Pzena Investment Management's Interest Coverage

For the Asset Management subindustry, Pzena Investment Management'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.

Pzena Investment Management's Interest Coverage Distribution in the Asset Management Industry

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

* The bar in red indicates where Pzena Investment Management's Interest Coverage falls into.

Pzena Investment Management 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.

Pzena Investment Management's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Pzena Investment Management's Interest Expense was $-0.0 Mil. Its Operating Income was $105.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $10.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2021 )	/	Interest Expense (A: Dec. 2021 )
	=	-1	*	105.859	/	-0.002
	=	52,929.50

Pzena Investment Management's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Pzena Investment Management's Interest Expense was $0.0 Mil. Its Operating Income was $24.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $65.4 Mil.

GuruFocus does not calculate Pzena Investment Management's interest coverage with the available data.

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

Pzena Investment Management (NYSE:PZN) 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 .

Pzena Investment Management Interest Coverage Related Terms

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

Pzena Investment Management (Pzena Investment Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pzena Investment Management Inc (NYSE:PZN) » Definitions » Interest Coverage

Comparable Companies

ENX PIM DHF INSI GGT EHI NIQ FLC MCN CBH BLK OSTO:INVE A BX TSX:BN KKR APO BK AMP STT TROW

Traded in Other Exchanges

N/A

Address

320 Park Avenue, 8th Floor, New York, NY, USA, 10022

Website

https://www.pzena.com

Pzena Investment Management Inc is a United States (U.S) based investment management company. The company adopts value-oriented investment strategies across a wide range of market capitalizations in both U.S. and non-U.S. capital markets. It manages separate accounts on behalf of institutions; acts as the sub-investment adviser for a variety of Securities and Exchange Commission registered mutual funds and non-U.S. funds, and act as investment adviser for the Pzena Mutual Funds as well as certain private placement funds. In addition, the company offers institutional investment products to public and corporate pension funds, endowments, foundations, and certain commingled vehicles geared toward institutional investors. The primary source of the revenue is management fees received.

Executives

Shavar Dakel Jeffries	director	50 HALSEY STREET, APT. 708T, NEWARK NJ 07102
Chenyu Caroline Cai	director, officer: Executive Vice President	320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
Joel Greenblatt	director	535 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Steven M Galbraith	director	C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Richard P. Meyerowich	director	C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Evan K. Fire	officer: Chief Operating Officer	PZENA INVESTMENT MANAGEMENT, INC., 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
John Paul Goetz	director, officer: President and Co-CIO	C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Richard Stanton Pzena	director, officer: Chairman, CEO and Co-CIO	C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
William Louis Lipsey	director, officer: Pres., Marketing/Client Serv.	C/O PZENA INVESTMENT MANAGEMENT LLC, 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
Jessica R Doran	officer: Chief Financial Officer	320 PARK AVENUE, 8TH FLOOR, C/O PZENA INVESTMENT MANAGEMENT, LLC, NEW YORK NY 10022
Punch Howard D. Jr	10 percent owner	7701 FRANCE AVE. SOUTH, SUITE 300, EDINA MN 55435
Punch & Associates Investment Management, Inc.	10 percent owner	7701 FRANCE AVE. SOUTH, SUITE 300, EDINA MN 55435
Charles D Johnston	director	C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Gary J Bachman	officer: Chief Financial Officer	C/O PZENA INVESTMENT MANAGEMENT, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Michael D Peterson	officer: Executive Vice President	C/O PZENA INVESTMENT MANAGEMENT, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036