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Janus Capital Group (Janus Capital Group) Interest Coverage : 10.63 (As of Mar. 2017)


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What is Janus Capital 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. Janus Capital Group's Operating Income for the three months ended in Mar. 2017 was $55 Mil. Janus Capital Group's Interest Expense for the three months ended in Mar. 2017 was $-5 Mil. Janus Capital Group's interest coverage for the quarter that ended in Mar. 2017 was 10.63. The higher the ratio, the stronger the company's financial strength is.

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


JNS's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 38.13
* Ranked among companies with meaningful Interest Coverage only.

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


Janus Capital Group Interest Coverage Historical Data

The historical data trend for Janus Capital 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.

* Premium members only.

Janus Capital Group Interest Coverage Chart

Janus Capital Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.77 5.82 8.75 11.64 12.58

Janus Capital Group Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
Interest Coverage 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 12.04 13.31 13.08 11.88 10.63

Competitive Comparison of Janus Capital Group's Interest Coverage

For the Asset Management subindustry, Janus Capital 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.


Janus Capital Group's Interest Coverage Distribution in the Asset Management Industry

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

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



Janus Capital 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.

Janus Capital Group's Interest Coverage for the fiscal year that ended in Dec. 2016 is calculated as

Here, for the fiscal year that ended in Dec. 2016, Janus Capital Group's Interest Expense was $-21 Mil. Its Operating Income was $262 Mil. And its Long-Term Debt & Capital Lease Obligation was $406 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2016 )/Interest Expense (A: Dec. 2016 )
=-1*261.6/-20.8
=12.58

Janus Capital Group's Interest Coverage for the quarter that ended in Mar. 2017 is calculated as

Here, for the three months ended in Mar. 2017, Janus Capital Group's Interest Expense was $-5 Mil. Its Operating Income was $55 Mil. And its Long-Term Debt & Capital Lease Obligation was $296 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2017 )/Interest Expense (Q: Mar. 2017 )
=-1*55.3/-5.2
=10.63

* 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.


Janus Capital Group  (NYSE:JNS) 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 .


Janus Capital Group Interest Coverage Related Terms

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


Janus Capital Group (Janus Capital Group) Business Description

Traded in Other Exchanges
N/A
Address
Janus Capital Group provides investment management services to individual and institutional investors. Assets are managed through three main subsidiaries: Janus, which focuses on growth-driven equity and fixed-income strategies; Intech, which offers mathematically driven equity strategies; and Perkins, which focuses on value-driven equity strategies. At the end of 2016, Janus had $196.8 billion in total AUM invested in equity (74%), fixed-income (24%), exchange-traded (1%) and money market funds.
Executives
Arnold A Pinkston director 151 DETROIT STREET, DENVER CO 80206
J Richard Fredericks director 151 DETROIT STREET DENVER CO 80206
Richard M Weil director, officer: Chief Executive Officer 151 DETROIT STREET, DENVER CO 80206
Glenn S Schafer director 151 DETROIT STREET, DENVER CO 80206
Bruce L Koepfgen officer: President 151 DETROIT STREET, DENVER CO 80206
Billie Ida Williamson director 151 DETROIT STREET, DENVER CO 80206
Timothy K Armour director C/O JANUS CAPITAL GROUP INC., 151 DETROIT STREET, DENVER CO 80206
George S Batejan officer: EVP, Head of IT and Operations 151 DETROIT STREET, DENVER CO 80206
Robin C Beery officer: EVP, Head of U.S. Distribution JANUS CAPITAL GROUP INC., 151 DETROIT STREET, DENVER CO 80206
Jock Patton director 7337 E DOUBLETREE RANCH ROAD, SCOTTSDALE AZ 85258
Robert T Parry director 4500 PARK GRANADA, CALABASAS CA 91302
Steven Scheid director C/O NMI HOLDINGS, INC., 2100 POWELL STREET, EMERYVILLE CA 94608
Landon H Rowland director 151 DETROIT ST DENVER CO 80206
Gary D Black director, officer: CEO 2020 CALAMOS COURT, NAPERVILLE IL 60563
Scott S Grace officer: SVP and Treasurer C/O NUVEEN INVESTMENTS, SUITE 2900, 333 W. WACKER DRIVE, CHICAGO IL 60606

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