Federated Hermes (FRA:3KC) Debt-to-Asset : 0.22 (As of Sep. 2024)

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What is Federated Hermes Debt-to-Asset?

Federated Hermes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €15 Mil. Federated Hermes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €389 Mil. Federated Hermes's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was €1,836 Mil. Federated Hermes's debt to asset for the quarter that ended in Sep. 2024 was 0.22.

Federated Hermes Debt-to-Asset Historical Data

The historical data trend for Federated Hermes's Debt-to-Asset 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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Federated Hermes Debt-to-Asset Chart

Federated Hermes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.12

0.10

0.17

0.22

Federated Hermes Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.22	0.22	0.22	0.24	0.22

Competitive Comparison of Federated Hermes's Debt-to-Asset

For the Asset Management subindustry, Federated Hermes's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Federated Hermes's Debt-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Federated Hermes's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Federated Hermes's Debt-to-Asset falls into.

Federated Hermes Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Federated Hermes's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(14.932	+	405.001)	/	1927.391
	=	0.22

Federated Hermes's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(14.584	+	388.901)	/	1835.833
	=	0.22

Federated Hermes (FRA:3KC) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Federated Hermes Debt-to-Asset Related Terms

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Federated Hermes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Federated Hermes Inc (FRA:3KC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

FHI:USA

Address

1001 Liberty Avenue, Pittsburgh, PA, USA, 15222-3779

Website

https://www.federatedhermes.com

Federated Hermes provides asset-management services for institutional and individual investors. The firm had $800 billion in managed assets at the end of September 2024, composed of equity (10%), multi-asset (less than 1%), fixed-income (12%), alternative (3%), and money market (74%) funds. The firm's cash-management operations are expected to generate around 51% of Federated's revenue this year, compared with 29%, 12%, and 7%, respectively, for the equity, fixed-income, and alternatives/multi-asset operations. The company's products are distributed via trust banks, wealth managers, and retail broker/dealers (65% of AUM), institutional investors (26%), and international clients (9%).

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