Schroders (LSE:SDR) Interest Expense : £0 Mil (TTM As of Dec. 2023)

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What is Schroders Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Schroders's interest expense for the six months ended in Dec. 2023 was £ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £0 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. Schroders's Operating Income for the six months ended in Dec. 2023 was £ 251 Mil. Schroders's Interest Expense for the six months ended in Dec. 2023 was £ 0 Mil. GuruFocus does not calculate Schroders's interest coverage with the available data. 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.

Schroders Interest Expense Historical Data

The historical data trend for Schroders'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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Schroders Interest Expense Chart

Schroders Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2.00

Schroders Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.90	-	-	-	-

Schroders 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0 Mil.

Schroders (LSE:SDR) 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.

Schroders's Interest Expense for the six months ended in Dec. 2023 was £0 Mil. Its Operating Income for the six months ended in Dec. 2023 was £251 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £319 Mil.

Schroders's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

GuruFocus does not calculate Schroders's interest coverage with the available data.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Schroders PLC has enough cash to cover all of its debt. Its financial situation is stable.

Schroders (LSE:SDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Schroders PLC (LSE:SDR) » Definitions » Interest Expense

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SHNWF:USA SDRl:UK PYXB:Germany

Address

1 London Wall Place, London, GBR, EC2Y 5AU

Website

https://www.schroders.com

Schroders is an independent, U.K.-based, active asset manager founded in 1804. The bulk of Schroders' client assets are from institutions, but its retail operations are more profitable. Schroders has also increasingly expanded its wealth management presence. The U.K. accounts for just under half of Schroders' assets under management, while continental Europe and Asia account for 20% each. In 2013 Schroders purchased the Cazenove private clients business from JP Morgan, expanding its wealth management business. It recently formed a joint venture with Lloyds Bank, Schroders Personal Wealth, to provide independent financial advice to midmarket clients. Wealth management makes up around 15% of earnings and revenue.

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