BrightSphere Investment Group (BrightSphere Investment Group) Interest Expense : $-19.7 Mil (TTM As of Mar. 2024)

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What is BrightSphere Investment Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BrightSphere Investment Group's interest expense for the three months ended in Mar. 2024 was $ -5.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-19.7 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. BrightSphere Investment Group's Operating Income for the three months ended in Mar. 2024 was $ 22.9 Mil. BrightSphere Investment Group's Interest Expense for the three months ended in Mar. 2024 was $ -5.0 Mil. BrightSphere Investment Group's Interest Coverage for the quarter that ended in Mar. 2024 was 4.58. 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.

BrightSphere Investment Group Interest Expense Historical Data

The historical data trend for BrightSphere Investment 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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BrightSphere Investment Group Interest Expense Chart

BrightSphere Investment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-32.20

-28.50

-24.80

-20.50

-19.60

BrightSphere Investment Group 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															-4.90	-5.40	-4.80	-4.50	-5.00

BrightSphere Investment 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19.7 Mil.

BrightSphere Investment Group (NYSE:BSIG) 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.

BrightSphere Investment Group's Interest Expense for the three months ended in Mar. 2024 was $-5.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $22.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $344.6 Mil.

BrightSphere Investment Group'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	*	22.9	/	-5
	=	4.58

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

BrightSphere Investment Group (BrightSphere Investment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BrightSphere Investment Group Inc (NYSE:BSIG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

2B9:Germany

Address

200 State Street, 13th Floor, Boston, MA, USA, 02109

Website

https://www.bsig.com

BrightSphere Investment Group Inc is a diversified, multi-boutique asset management company. The company's diverse affiliates offer alpha-generating investment products to investors around the world. Its reportable segment includes Quant and Solutions, which comprises of versatile, tailored strategies that leverage data and technology in a computational, factor-based investment process across a range of asset classes in developed and emerging markets, including non-U.S. and small-cap equities, as well as managed volatility, ESG, multi-asset, equity alternatives, and long/short strategies.. Its affiliates offer products in the U.S, international and emerging markets equities; U.S. fixed income; and alternative investments, including timber and secondary Funds.

Executives

Richard Jonathan Hart	officer: Chief Legal Officer	200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Christina Wiater	officer: Principal Accounting Officer	200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Suren Rana	director, officer: President and CEO	245 PARK AVENUE, 40TH FLOOR, NEW YORK NY 10167
Paulson & Co. Inc.	10 percent owner	1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036
John Paulson	director, 10 percent owner	1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036
Daniel K. Mahoney	officer: Head of Finance/PAO	C/O OLD MUTUAL ASSET MANAGEMENT, 200 CLARENDON STREET, BOSTON MA 02116
Guang Yang	director, officer: President and CEO	850 THIRD AVENUE, 16TH FLOOR, NEW YORK NY 10022
Robert J Chersi	director	C/O OMAM INC, 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Maliz E Beams	director	C/O PORT FINANCIAL CORP, 1380 SOLDIERS FIELD RD, BRIGHTON MA 02135
Barbara Trebbi	director	C/O OMAM INC., 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Reginald Love	director	C/O BRIGHTSPHERE INC., 200 CLARENDON STREET, BOSTON MA 02116
Andrew D Kim	director	1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036