T. Rowe Price Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. T. Rowe Price Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $309 Mil. T. Rowe Price Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9,505 Mil.
T. Rowe Price Group's debt to equity for the quarter that ended in Dec. 2023 was 0.03.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for T. Rowe Price Group's Debt-to-Equity or its related term are showing as below:
TROW'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.04
Current: 0.03
During the past 13 years, the highest Debt-to-Equity Ratio of T. Rowe Price Group was 0.04. The lowest was 0.02. And the median was 0.03.
T. Rowe Price Group Debt-to-Equity Historical Data
The historical data trend for T. Rowe Price Group's Debt-to-Equity 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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T. Rowe Price Group Annual Data
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|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
0.02 |
0.02 |
0.03 |
0.04 |
0.03 |
|
T. Rowe Price Group Quarterly Data
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|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
Competitive Comparison
For the Asset Management subindustry, T. Rowe Price Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
T. Rowe Price Group Debt-to-Equity Distribution
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group's Debt-to-Equity falls into.
T. Rowe Price Group Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
T. Rowe Price Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
T. Rowe Price Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
* 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 (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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