Lazard (Lazard) Interest Expense

: $-78 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lazard's interest expense for the three months ended in Dec. 2023 was $ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-78 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. Lazard's Operating Income for the three months ended in Dec. 2023 was $ 84 Mil. Lazard's Interest Expense for the three months ended in Dec. 2023 was $ -20 Mil. Lazard's Interest Coverage for the quarter that ended in Dec. 2023 was 4.28. 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.

Lazard Interest Expense Historical Data

The historical data trend for Lazard'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.

* Premium members only.

Lazard Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-80.19

-80.63

-80.77

-81.52

-77.67

Lazard Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-19.47	-19.48	-19.20	-19.25	-19.74

Lazard 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-78 Mil.

Lazard (NYSE:LAZ) 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.

Lazard's Interest Expense for the three months ended in Dec. 2023 was $-20 Mil. Its Operating Income for the three months ended in Dec. 2023 was $84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,175 Mil.

Lazard's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	84.474	/	-19.742
	=	4.28

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

Lazard (Lazard) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Lazard Inc (NYSE:LAZ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM11

Website

https://www.lazard.com

Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.

Executives

Michael Gathy	officer: Chief Accounting Officer	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Christian A. Weideman	officer: General Counsel	C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Alexander F. Stern	officer: Chief Operating Officer	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Mary Ann Betsch	officer: Chief Financial Officer	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Lewis William M Jr	director	9 WEST 57TH STREET, NEW YORK NY 10019
Scott D Hoffman	officer: General Counsel	C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Dominick Ragone	officer: Chief Accounting Officer	767 5TH AVENUE, SUITE 4700, NEW YORK NY 10153
Ann-kristin Achleitner	director	THE PRIESTLEY CENTRE, 10 PRIESTLEY RD, SURREY RESEARCH PARK, GUILDFORD, SURREY X0 GU2 7XY
Ashish Bhutani	director, officer: CEO of Lazard Asset Management
Peter Richard Orszag	officer: CEO of Financial Advisory	30 ROCKEFELLER PLAZA, LAZARD, NEW YORK NY 10112
Alexandra Soto	officer: Exec Human Capital & Workplace	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Iris Knobloch	director	ONE TIME WARNER CENTER, NEW YORK NY 10019
Evan L Russo	officer: Chief Financial Officer	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Michelle Jarrard	director	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Sylvia Jay	director	30 ROCKEFELLER PLAZA, NEW YORK NY 10020