AGF Management (AGF Management) Interest Expense : $-3.8 Mil (TTM As of Feb. 2024)

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What is AGF Management Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AGF Management's interest expense for the three months ended in Feb. 2024 was $ -1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-3.8 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. AGF Management's Operating Income for the three months ended in Feb. 2024 was $ 13.4 Mil. AGF Management's Interest Expense for the three months ended in Feb. 2024 was $ -1.1 Mil. AGF Management's Interest Coverage for the quarter that ended in Feb. 2024 was 11.76. 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.

AGF Management Interest Expense Historical Data

The historical data trend for AGF Management'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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AGF Management Interest Expense Chart

AGF Management Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Expense

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-5.12

-4.87

-2.23

-2.00

-3.56

AGF Management Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.90	-1.08	-0.94	-0.69	-1.14

AGF Management 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.8 Mil.

AGF Management (OTCPK:AGFMF) 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.

AGF Management's Interest Expense for the three months ended in Feb. 2024 was $-1.1 Mil. Its Operating Income for the three months ended in Feb. 2024 was $13.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $86.7 Mil.

AGF Management's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	13.367	/	-1.137
	=	11.76

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

AGF Management (AGF Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AGF Management Ltd (OTCPK:AGFMF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

A3J:Germany AGF.B:Canada

Address

81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1

Website

https://www.agf.com

AGF Management is a Canada-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of September, the firm had CAD 41.0 billion in total assets under management. Its funds are weighted more heavily toward equities, with close to three fourths of retail AUM being equity-related. That said, the company does use fundamental, quantitative, and alternative strategies to manage its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with one fourth of its total AUM derived from institutional and subadvised accounts. The company derives 17% of its managed assets from high-net-worth clients.

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