T. Rowe Price Group (MIL:1TROW) Debt-to-Asset : 0.02 (As of Sep. 2024)

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What is T. Rowe Price Group Debt-to-Asset?

T. Rowe Price Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0 Mil. T. Rowe Price Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €260 Mil. T. Rowe Price Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was €12,349 Mil. T. Rowe Price Group's debt to asset for the quarter that ended in Sep. 2024 was 0.02.

T. Rowe Price Group Debt-to-Asset Historical Data

The historical data trend for T. Rowe Price Group'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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T. Rowe Price Group Debt-to-Asset Chart

T. Rowe Price Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.02

0.01

0.02

0.03

T. Rowe Price Group 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															0.03	0.03	0.02	0.02	0.02

Competitive Comparison of T. Rowe Price Group's Debt-to-Asset

For the Asset Management subindustry, T. Rowe Price Group'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.

T. Rowe Price Group's Debt-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where T. Rowe Price Group's Debt-to-Asset falls into.

T. Rowe Price Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

T. Rowe Price Group'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
	=	(0	+	282.894)	/	11259.66
	=	0.03

T. Rowe Price Group'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
	=	(0	+	259.848)	/	12349.016
	=	0.02

T. Rowe Price Group (MIL:1TROW) 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.

T. Rowe Price Group Debt-to-Asset Related Terms

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T. Rowe Price Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » T. Rowe Price Group Inc (MIL:1TROW) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TROW:USA TROW:Mexico 0KNY:UK TR1:Germany TR1:Germany TR1:Germany TROW:Austria

Address

100 East Pratt Street, Baltimore, MD, USA, 21202

Website

https://www.troweprice.com

T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load us and international stock, hybrid, bond, and money market funds. At the end of August 2024, the firm had $1.612 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of 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 us-based asset manager, deriving less than 10% of its AUM from overseas.

T. Rowe Price Group Headlines

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