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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:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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.
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 | 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 | 75.80 | - | 115.76 | 183.07 | 297.13 |
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.
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.
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 .
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.
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 |
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