Interest Expense is the amount reported by a company or individual as an expense for borrowed money. T. Rowe Price Group's interest expense for the
three
months ended in Dec. 2023 was $ 0 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0 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. T. Rowe Price Group's Operating Income for the
three
months ended in Dec. 2023 was $ 419 Mil. T. Rowe Price Group's Interest Expense for the
three
months ended in Dec. 2023 was $ 0 Mil.
GuruFocus does not calculate T. Rowe Price Group's interest coverage with the available data.
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.
T. Rowe Price Group 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 $0 Mil.
* 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.
T. Rowe Price Group (NAS:TROW) Interest Expense Explanation
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. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
T. Rowe Price Group's Interest Expense for the
three
months ended in Dec. 2023 was $0 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $419 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $309 Mil.
T. Rowe Price Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
| GuruFocus does not calculate T. Rowe Price Group's interest coverage with the available data. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. T. Rowe Price Group Inc has enough cash to cover all of its debt. Its financial situation is stable.
T. Rowe Price Group (T. Rowe Price Group) Business Description
Traded in Other Exchanges
Address
100 East Pratt Street, Baltimore, MD, USA, 21202
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of October 2023, the firm had $1.312 trillion in managed assets, composed of equity (51%), balanced (33%), fixed-income and money market (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just over 9% of its AUM from overseas.
Executives
| Higginbotham Robert C.t. |
officer: Vice President |
100 E. PRATT STREET, BALTIMORE MD 21202 |
| Thomson Andrew Justin Mackenzie |
officer: Vice President |
100 E. PRATT STREET, BALTIMORE MD 21202 |
| William P Donnelly |
director |
C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
| Andrew C. Mccormick |
officer: Vice President |
100 E. PRATT STREET, BALTIMORE MD 21202 |
| Cynthia F Smith |
director |
100 E. PRATT STREET, BALTIMORE MD 21202 |
| Jessica M Hiebler |
officer: Principal Accounting Officer |
100 E. PRATT STREET, BALTIMORE MD 21202 |
| William J Stromberg |
officer: Vice President |
100 E. PRATT STREET, BALTIMORE MD 21202 |
| Kimberly H Johnson |
officer: COO and VP |
C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005 |
| Joshua B Nelson |
officer: Vice President |
100 E. PRATT STREET, BALTIMORE MD 21202 |
| Glenn R August |
director, officer: Vice President |
C/O OHA - 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036 |
| Eileen P Rominger |
director |
100 E. PRATT STREET, BALTIMORE MD 21202 |
| Sebastien Page |
officer: Vice President |
100 E. PRATT STREET, BALTIMORE MD 21202 |
| Jennifer B Dardis |
other: CFO and VP |
100 E. PRATT STREET, BALTIMORE MD 21202 |
| Mary K Bush |
director |
3509 WOODBINE STREET, CHEVY CHASE MD 20815 |
| W. Sharps Robert |
officer: Vice President |
100 E. PRATT STREET, BALTIMORE MD 21202 |
T. Rowe Price Group (T. Rowe Price Group) Headlines
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