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SAMG (Silvercrest Asset Management Group) Interest Coverage : 297.13 (As of Sep. 2024)


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What is Silvercrest Asset Management Group Interest Coverage?

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 by its Interest Expense. Silvercrest Asset Management Group's Operating Income for the three months ended in Sep. 2024 was $4.5 Mil. Silvercrest Asset Management Group's Interest Expense for the three months ended in Sep. 2024 was $-0.0 Mil. Silvercrest Asset Management Group's interest coverage for the quarter that ended in Sep. 2024 was 297.13. 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. Silvercrest Asset Management Group Inc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Silvercrest Asset Management Group's Interest Coverage or its related term are showing as below:

SAMG' s Interest Coverage Range Over the Past 10 Years
Min: 39.24   Med: 64.58   Max: 341.16
Current: 72.78


SAMG's Interest Coverage is ranked better than
52.6% of 443 companies
in the Asset Management industry
Industry Median: 51.15 vs SAMG: 72.78

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Silvercrest Asset Management Group Interest Coverage Historical Data

The historical data trend for Silvercrest Asset Management Group's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Silvercrest Asset Management Group Interest Coverage Chart

Silvercrest Asset Management Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.24 39.58 79.69 92.70 44.70

Silvercrest Asset Management Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 75.80 - 115.76 183.07 297.13

Competitive Comparison of Silvercrest Asset Management Group's Interest Coverage

For the Asset Management subindustry, Silvercrest Asset Management Group's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.


Silvercrest Asset Management Group's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Silvercrest Asset Management Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Silvercrest Asset Management Group's Interest Coverage falls into.



Silvercrest Asset Management Group Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Silvercrest Asset Management Group's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Silvercrest Asset Management Group's Interest Expense was $-0.4 Mil. Its Operating Income was $18.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $26.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*18.819/-0.421
=44.70

Silvercrest Asset Management Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Silvercrest Asset Management Group's Interest Expense was $-0.0 Mil. Its Operating Income was $4.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $22.9 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*4.457/-0.015
=297.13

* 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.


Silvercrest Asset Management Group  (NAS:SAMG) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Silvercrest Asset Management Group Interest Coverage Related Terms

Thank you for viewing the detailed overview of Silvercrest Asset Management Group's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Silvercrest Asset Management Group Business Description

Traded in Other Exchanges
N/A
Address
1330 Avenue of the Americas, 38th Floor, New York, NY, USA, 10019
Silvercrest Asset Management Group Inc is a wealth management firm focused on providing financial advisory and related family office services to ultra-high net-worth individuals and institutional investors. It advises clients on traditional investment strategies focused on equities, fixed income and cash as well as non-traditional investment strategies including hedge funds, private equity funds, real estate and commodities. It also provides clients with family office services and related administrative services, which include financial planning, tax planning and preparation, partnership accounting and fund administration, and consolidated wealth reporting. The company derives revenues principally from assets under management.
Executives
John Allen Gray officer: Managing Director SILVERCREST ASSET MANAGEMENT GROUP INC., 1330 AVENUE OF THE AMERICAS, 38TH FLOOR, NEW YORK NY 10019
Darla Romfo director C/O SILVERCREST ASSET MANAGEMENT GROUP, 1330 AVENUE OF THE AMERICAS, 38TH FLOOR, NEW YORK NY 10019
Brian D Dunn director SILVERCREST ASSET MANAGEMENT GROUP LLC, 1330 AVE. OF THE AMERICAS, 38TH FLOOR, NEW YORK NY 10019
Richard Jonathan Burns director SILVERCREST ASSET MANAGEMENT GROUP INC., 1330 AVENUE OF THE AMERICAS, 38TH FLOOR, NEW YORK NY 10019
Conrad Winthrop B Jr director 1120 FIFTH AVENUE APT 12B, NEW YORK NY 10128
Scott A Gerard officer: Chief Financial Officer C/O SILVERCREST ASSET MANAGEMENT GROUP, 1330 AVENUE OF THE AMERICAS, 38TH FLOOR, NEW YORK NY 10019
David J Campbell officer: General Counsel and Secretary 40 HAMILTON ROAD, GLEN RIDGE NJ 07028
Hough Richard R Iii director, officer: Chairman and CEO 327 BRANCH AVENUE, LITTLE SILVER NJ 07739
Al Messina director C/O SILVERCREST ASSET MANAGEMENT INC., 1330 AVENUE OF THE AMERICAS, 38TH FLOOR, NEW YORK NY 10019
Marital Trust Under Article 7th Of The Will Of G. Moffett Cochran 10 percent owner SILVERCREST, 1330 AVENUE OF THE AMERICAS, 38TH FL., NEW YORK NY 10019
Cochran H C Stuart 10 percent owner 120 CHURCH STREET, STAUNTON VA 24401
Nonmarital Trust Under Article 8th Of The Will Of G. Moffett Cochran other: Member of Section 13(d) group SILVERCREST, 1330 AVE OF THE AMERICAS, 38TH FL., NEW YORK NY 10019
Hamilton E James 10 percent owner JEFFERSON RIVER CAPITAL, 499 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10022
Leo Price Blackford 10 percent owner C/O CENTRAL SECURITIES CORPORATION, 630 FIFTH AVENUE, SUITE 820, NEW YORK NY 10111
Richard Scott Pechter director 1266 BELLAIRE LANE, ATLANTA GA 30319-5251