BGC Group (BGC Group) Interest Coverage

: 2.18 (As of Dec. 2023)

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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 by its Interest Expense. BGC Group's Operating Income for the three months ended in Dec. 2023 was $45 Mil. BGC Group's Interest Expense for the three months ended in Dec. 2023 was $-21 Mil. BGC Group's interest coverage for the quarter that ended in Dec. 2023 was 2.18. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for BGC Group's Interest Coverage or its related term are showing as below:

BGC' s Interest Coverage Range Over the Past 10 Years
Min: 1.37 Med: 3.18 Max: 5.03
Current: 1.8

BGC's Interest Coverage is ranked worse than
82.67% of 450 companies
in the Capital Markets industry
Industry Median: 19.12 vs BGC: 1.80

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

BGC Group Interest Coverage Historical Data

The historical data trend for BGC Group's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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BGC Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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3.72

2.85

3.50

1.80

BGC Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.29	3.55	-	2.43	2.18

Competitive Comparison

For the Capital Markets subindustry, BGC Group's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BGC Group Interest Coverage Distribution

For the Capital Markets industry and Financial Services sector, BGC Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where BGC Group's Interest Coverage falls into.

BGC Group Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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

BGC Group's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, BGC Group's Interest Expense was $-77 Mil. Its Operating Income was $139 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,338 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	138.658	/	-77.231
	=	1.80

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

Here, for the three months ended in Dec. 2023, BGC Group's Interest Expense was $-21 Mil. Its Operating Income was $45 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,338 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	45.268	/	-20.795
	=	2.18

The higher the ratio, the stronger the company's Financial Strength is.

BGC Group (NAS:BGC) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

BGC Group Interest Coverage Related Terms

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BGC Group (BGC Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BGC Group Inc (NAS:BGC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ESD:Germany

Address

499 Park Avenue, New York, NY, USA, 10022

Website

https://www.bgcg.com

BGC Group Inc is a brokerage and financial technology company that serves the global financial markets. Its service and product offerings include brokerage for a wide range of financial products including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, brokerage houses, hedge funds, and investment banks. BGC operates in one reportable segment, which is providing brokerage services to the financial markets. The company earns the majority of its revenue in the United Kingdom followed by the United States.

Executives

William Dean Addas	director	C/O DEUTSCHE BANK, 300 S. GRAND AVENUE, LOS ANGELES CA 90071-3109
Jason W. Hauf	officer: Chief Financial Officer	BGC PARTNERS, 499 PARK AVENUE, NEW YORK NY 10022
Arthur U Mbanefo	director	280 PARK AVENUE 40 WEST, CO ORIX, NEW YORK NY 10017
Sean A Windeatt	officer: Chief Operating Officer	C/O BGC PARTNERS, INC., 499 PARK AVENNUE NY 10022
Stephen M Merkel	officer: EVP and General Counsel	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Linda A Bell	director	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
David Richards	director	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Martin Laguerre	director	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Steven Bisgay	officer: Chief Financial Officer	545 WASHINGTON BLVD, JERSEY CITY NJ 07310
Cf Group Management Inc	director, 10 percent owner	135 EAST 57TH ST, NEW YORK NY 10022
Cantor Fitzgerald, L. P.	director, 10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Sean Galvin	officer: Chief Accounting Officer	545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
William J Moran	director	135 EAST 57TH ST, NEW YORK NY 10022
Howard W Lutnick	director, 10 percent owner, officer: Chief Executive Officer
Steven R Mcmurray	officer: Chief Financial Officer	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022