AGFMF (AGF Management) Interest Expense : $-5.1 Mil (TTM As of Nov. 2024)

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What is AGF Management Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AGF Management's interest expense for the three months ended in Nov. 2024 was $ -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2024 was $-5.1 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. AGF Management's Operating Income for the three months ended in Nov. 2024 was $ 16.6 Mil. AGF Management's Interest Expense for the three months ended in Nov. 2024 was $ -0.9 Mil. AGF Management's Interest Coverage for the quarter that ended in Nov. 2024 was 17.91. 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.

AGF Management Interest Expense Historical Data

The historical data trend for AGF Management'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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AGF Management Interest Expense Chart

AGF Management Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Interest Expense

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-4.87

-2.23

-2.00

-3.56

-4.99

AGF Management Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Interest Expense	Get a 7-Day Free Trial															-0.69	-1.14	-1.63	-1.40	-0.92

AGF Management 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 Nov. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.1 Mil.

AGF Management (OTCPK:AGFMF) 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.

AGF Management's Interest Expense for the three months ended in Nov. 2024 was $-0.9 Mil. Its Operating Income for the three months ended in Nov. 2024 was $16.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2024 was $64.2 Mil.

AGF Management's Interest Coverage for the quarter that ended in Nov. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2024 )	/	Interest Expense (Q: Nov. 2024 )
	=	-1	*	16.553	/	-0.924
	=	17.91

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

AGF Management Business Description

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AGF.B:Canada

Address

81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1

Website

https://www.agf.com

AGF Management is predominantly a Canadian-based independent asset manager (with some very minor operations and investments in the us, the UK, Ireland, and Asia). At the end of October 2024, the firm had CAD 51.5 billion in total assets under management, or AUM, derived from its retail (CAD 29.2 billion), institutional/sub-advised (CAD 14.0 billion), and high-net worth (CAD 8.4 billion) channels. AGF Management's funds are weighted more heavily toward equities, with roughly three quarters of the firm's reported retail AUM being equity-related. That said, the company does use fundamental, quantitative, and alternative strategies to manage its investment funds.