GCMG (GCM Grosvenor) Interest Expense : $-23.7 Mil (TTM As of Sep. 2024)

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What is GCM Grosvenor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GCM Grosvenor's interest expense for the three months ended in Sep. 2024 was $ -5.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-23.7 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. GCM Grosvenor's Operating Income for the three months ended in Sep. 2024 was $ 27.7 Mil. GCM Grosvenor's Interest Expense for the three months ended in Sep. 2024 was $ -5.9 Mil. GCM Grosvenor's Interest Coverage for the quarter that ended in Sep. 2024 was 4.68. 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.

GCM Grosvenor Interest Expense Historical Data

The historical data trend for GCM Grosvenor'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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GCM Grosvenor Interest Expense Chart

GCM Grosvenor Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-25.68

-23.45

-20.08

-23.31

-23.75

GCM Grosvenor Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-5.69	-5.72	-5.92	-6.13	-5.92

GCM Grosvenor 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 $-23.7 Mil.

GCM Grosvenor (NAS:GCMG) 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.

GCM Grosvenor's Interest Expense for the three months ended in Sep. 2024 was $-5.9 Mil. Its Operating Income for the three months ended in Sep. 2024 was $27.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $487.5 Mil.

GCM Grosvenor'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	*	27.674	/	-5.918
	=	4.68

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

GCM Grosvenor Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GCM Grosvenor Inc (NAS:GCMG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 North Michigan Avenue, Suite 1100, Chicago, IL, USA, 60611

Website

https://www.gcmgrosvenor.com

GCM Grosvenor Inc is a world-wide alternative asset management firm. It invests on behalf of clients who seek allocations to alternative investments, such as private equity, infrastructure, real estate, credit, ESG and absolute return strategies. The company's offerings include multi-manager portfolios as well as portfolios of direct investments and co-investments.

Executives

Kathleen Patricia Sullivan	officer: M D and Head of Accounting	900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Pamela L Bentley	officer: Chief Financial Officer	C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Sandra Hurse	officer: Chief HR Officer	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Gcm Progress Llc	10 percent owner	C/O GCM GROSVENOR, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Gcm Progress Subsidiary Llc	10 percent owner	C/O GCM GROSVENOR, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Cf Finance Holdings Llc	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Stephen Malkin	director	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Francesca Cornelli	director	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Angela Blanton	director	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Gcm V, Llc	10 percent owner	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Grosvenor Holdings, L.l.c.	10 percent owner	900 NORTH MICHIGAN AVE, SUITE 1100, CHICAGO IL 60611
Jonathan Reisin Levin	director, officer: President	900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Frederick Pollock	officer: Chief Investment Officer	900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Michael Jay Sacks	director, 10 percent owner, officer: Chief Executive Officer	900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611