AC (Associated Capital Group) Interest Expense : $-0.23 Mil (TTM As of Sep. 2024)

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What is Associated Capital Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Associated Capital Group's interest expense for the three months ended in Sep. 2024 was $ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.23 Mil.

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. Associated Capital Group's Operating Income for the three months ended in Sep. 2024 was $ 30.32 Mil. Associated Capital Group's Interest Expense for the three months ended in Sep. 2024 was $ -0.08 Mil. Associated Capital Group's Interest Coverage for the quarter that ended in Sep. 2024 was 398.99. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Associated Capital Group Interest Expense Historical Data

The historical data trend for Associated Capital Group's Interest Expense 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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Associated Capital Group Interest Expense Chart

Associated Capital Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-0.18

-0.31

-0.22

-0.46

Associated Capital Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.07	-0.08	-0.07	-0.08	-

Associated Capital Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.23 Mil.

Associated Capital Group (NYSE:AC) Interest Expense Explanation

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

Associated Capital Group's Interest Expense for the three months ended in Sep. 2024 was $-0.08 Mil. Its Operating Income for the three months ended in Sep. 2024 was $30.32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.00 Mil.

Associated Capital Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	30.323	/	-0.076
	=	398.99

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Associated Capital Group Inc has no debt.

Associated Capital Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Associated Capital Group Inc (NYSE:AC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

191 Mason Street, Greenwich, CT, USA, 06830

Website

https://www.associated-capital-group.com

Associated Capital Group Inc is a diversified global financial services company. It operates in the business of alternative investment management, institutional research services, and cash and other assets through subsidiaries. The activities of its subsidiaries comprise publishing daily research notes and full reports using private market value with a catalyst methodology and also products and customized solutions utilizing private market value with catalyst method of investing.

Executives

Ian J Mcadams	officer: Interim Co-CFO	191 MASON STREET, GREENWICH CT 06830
Patrick Huvane	officer: Interim Co-CFO	780 THIRD AVENUE, 21ST FLOOR, NEW YORK NY 10017
Richard T Prins	director	C/O ASSOCIATED CAPITAL GROUP, INC., 191 MASON STREET, GREENWICH CT 06830
Peter D. Goldstein	officer: Chief Legal Officer	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Timothy Schott	officer: Executive VP & CFO	191 MASON STREET, GREENWICH CT 06830
Mario J Gabelli	director, 10 percent owner, officer: Chairman & CEO	191 MASON STREET, GREENWICH CT 06830
Marc Gabelli	director	401 THEODORE FREMD AVE, RYE NY 10580
Kenneth D Masiello	officer: Chief Accounting Officer	ONE CORPORATE CENTER, RYE NY 10580
Elisa M. Wilson	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Francis J Conroy	officer: Interim Chief FinancialOfficer	ONE CORPORATE CENTER, RYE NY 10580
Frederic V Salerno	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Frederick J Mancheski	10 percent owner	5400 PLANTATION ROAD, UNIT 1256, CAPTIVA FL 33924
Douglas R Jamieson	officer: President & CEO	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Agnes Mullady	officer: Executive Vice President	ONE CORPORATE CENTER, RYE NY 10580
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403