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AssetMark Financial Holdings (FRA:0LA) Interest Expense : €-8.4 Mil (TTM As of Jun. 2024)


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What is AssetMark Financial Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AssetMark Financial Holdings's interest expense for the three months ended in Jun. 2024 was € -2.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-8.4 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. AssetMark Financial Holdings's Operating Income for the three months ended in Jun. 2024 was € 43.7 Mil. AssetMark Financial Holdings's Interest Expense for the three months ended in Jun. 2024 was € -2.0 Mil. AssetMark Financial Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 21.36. 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.

AssetMark Financial Holdings Interest Expense Historical Data

The historical data trend for AssetMark Financial Holdings'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.

* Premium members only.

AssetMark Financial Holdings Interest Expense Chart

AssetMark Financial Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -11.04 -4.59 -3.15 -6.16 -8.35

AssetMark Financial Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.97 -2.16 -2.13 -2.11 -2.05

AssetMark Financial Holdings 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-8.4 Mil.

* 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.

AssetMark Financial Holdings  (FRA:0LA) Interest Expense Explanation

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. The higher, the better.

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

AssetMark Financial Holdings's Interest Expense for the three months ended in Jun. 2024 was €-2.0 Mil. Its Operating Income for the three months ended in Jun. 2024 was €43.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was €25.4 Mil.

AssetMark Financial Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*43.711/-2.046
=21.36

* 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.

AssetMark Financial Holdings Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AssetMark Financial Holdings Inc (FRA:0LA) » Definitions » Interest Expense
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Traded in Other Exchanges
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Address
1655 Grant Street, 10th Floor, Concord, CA, USA, 94520
Website
https://www.assetmark.com
AssetMark Financial Holdings Inc is a provider of extensive wealth management and technology solutions that power independent financial advisers and their clients. It provides an end-to-end experience, spanning nearly all elements of an adviser's engagement with the client, from initial conversations to ongoing financial planning discussions, including performance reporting and billing. In addition, the company's platform provides tools and capabilities for advisers to better manage their day-to-day business activities, giving them more time for meaningful conversations with investors.

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