BrightSphere Investment Group (BrightSphere Investment Group) Interest Coverage : 7.91 (As of Dec. 2023)

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What is BrightSphere Investment Group Interest Coverage?

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. BrightSphere Investment Group's Operating Income for the three months ended in Dec. 2023 was $35.6 Mil. BrightSphere Investment Group's Interest Expense for the three months ended in Dec. 2023 was $-4.5 Mil. BrightSphere Investment Group's interest coverage for the quarter that ended in Dec. 2023 was 7.91. The higher the ratio, the stronger the company's financial strength is.

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

BSIG' s Interest Coverage Range Over the Past 10 Years
Min: 0.37 Med: 5.65 Max: 61.68
Current: 5.41

BSIG's Interest Coverage is ranked worse than
71.94% of 449 companies
in the Asset Management industry
Industry Median: 38.09 vs BSIG: 5.41

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 Coverage Historical Data

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

BrightSphere Investment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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6.90

5.20

5.88

8.19

5.41

BrightSphere Investment 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															10.41	4.04	3.78	6.29	7.91

Competitive Comparison of BrightSphere Investment Group's Interest Coverage

For the Asset Management subindustry, BrightSphere Investment 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.

BrightSphere Investment Group's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BrightSphere Investment Group's Interest Coverage distribution charts can be found below:

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

BrightSphere Investment 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.

BrightSphere Investment 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, BrightSphere Investment Group's Interest Expense was $-19.6 Mil. Its Operating Income was $106.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $346.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	106	/	-19.6
	=	5.41

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

Here, for the three months ended in Dec. 2023, BrightSphere Investment Group's Interest Expense was $-4.5 Mil. Its Operating Income was $35.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $346.3 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	35.6	/	-4.5
	=	7.91

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

BrightSphere Investment Group (NYSE:BSIG) 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 .

BrightSphere Investment Group Interest Coverage Related Terms

Thank you for viewing the detailed overview of BrightSphere Investment Group's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

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 Coverage

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