Brookfield Asset Management (Brookfield Asset Management) Interest Expense : $-16,018.00 Mil (TTM As of Mar. 2024)

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What is Brookfield Asset Management Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Brookfield Asset Management's interest expense for the three months ended in Mar. 2024 was $ -4,128.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-16,018.00 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. Brookfield Asset Management's Operating Income for the three months ended in Mar. 2024 was $ 3,844.00 Mil. Brookfield Asset Management's Interest Expense for the three months ended in Mar. 2024 was $ -4,128.00 Mil. Brookfield Asset Management's Interest Coverage for the quarter that ended in Mar. 2024 was 0.93. 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.

Brookfield Asset Management Interest Expense Historical Data

The historical data trend for Brookfield Asset 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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Brookfield Asset Management Interest Expense Chart

Brookfield Asset Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7,227.00

-7,213.00

-7,604.00

-10,702.00

-15,503.00

Brookfield Asset Management Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-3,613.00	-3,764.00	-4,081.00	-4,045.00	-4,128.00

Brookfield Asset 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16,018.00 Mil.

Brookfield Asset Management (GREY:BMKAF.PFD) 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.

Brookfield Asset Management's Interest Expense for the three months ended in Mar. 2024 was $-4,128.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was $3,844.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $234,293.00 Mil.

Brookfield Asset Management's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	3844	/	-4128
	=	0.93

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Brookfield Corps earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Brookfield Asset Management (Brookfield Asset Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brookfield Asset Management Inc (GREY:BMKAF.PFD) » Definitions » Interest Expense

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Address

181 Bay Street, Suite 100, Brookfield Place, P.O. Box 762, Toronto, ON, CAN, M5J 2T3

Website

https://www.brookfield.com

Brookfield Corp owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations. The company generates the majority revenue through Private Equity. Located around the world, its assets are concentrated in the United States, and Canada.