Market Cap : 27.73 B | Enterprise Value : 27.71 B | PE Ratio : 11.86 | PB Ratio : 3.11 |
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T. Rowe Price Group has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
T. Rowe Price Group Inc shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.GuruFocus does not calculate T. Rowe Price Group's interest coverage with the available data. T. Rowe Price Group's debt to revenue ratio for the quarter that ended in Jun. 2022 was 0.03. As of today, T. Rowe Price Group's Altman Z-Score is 11.48.
For the Asset Management subindustry, T. Rowe Price Group's Financial Strength, along with its competitors' market caps and Financial Strength 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.
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Financial Strength distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group's Financial Strength falls into.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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:
T. Rowe Price Group's Interest Expense for the months ended in Jun. 2022 was $0 Mil. Its Operating Income for the months ended in Jun. 2022 was $669 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $205 Mil.
T. Rowe Price Group's Interest Coverage for the quarter that ended in Jun. 2022 is
GuruFocus does not calculate T. Rowe Price Group'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. T. Rowe Price Group Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
T. Rowe Price Group's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is
Debt to Revenue Ratio | = | Total Debt (Q: Jun. 2022 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 204.7) | / | 6052 | |
= | 0.03 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
T. Rowe Price Group has a Z-score of 11.48, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 11.48 is strong.
* 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 maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
T. Rowe Price Group has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Thank you for viewing the detailed overview of T. Rowe Price Group's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Johnson Kimberly H | officer: COO and VP | C/O FANNIE MAE 1100 15TH STREET, NW WASHINGTON DC 20005 |
Nelson Joshua B | officer: Vice President | 100 E. PRATT STREET BALTIMORE MD 21202 |
August Glenn R | director, officer: Vice President | C/O OHA - 1114 AVENUE OF THE AMERICAS 27TH FLOOR NEW YORK NY 10036 |
Rominger Eileen P | director | 100 E. PRATT STREET BALTIMORE MD 21202 |
Dardis Jennifer B | other: CFO and VP | 100 E. PRATT STREET BALTIMORE MD 21202 |
Jackson Stephon A. | officer: Vice President | 100 E. PRATT STREET BALTIMORE MD 21202 |
Thomson Andrew Justin Mackenzie | officer: Vice President | 100 E. PRATT STREET BALTIMORE MD 21202 |
Dublon Dina | director | J.P. MORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017 |
Stevens Robert J | director | C/O MONSANTO COMPANY 800 N. LINDBERGH BLVD. ST. LOUIS MO 63167 |
Higginbotham Robert C.t. | officer: Vice President | 100 E. PRATT STREET BALTIMORE MD 21202 |
Mccormick Andrew C. | officer: Vice President | 100 E. PRATT STREET BALTIMORE MD 21202 |
Page Sebastien | officer: Vice President | 100 E. PRATT STREET BALTIMORE MD 21202 |
David Scott B | officer: Vice President | 100 E. PRATT STREET BALTIMORE MD 21202 |
Verma Richard R. | director | 100 E. PRATT STREET BALTIMORE MD 21202 |
Dufetel Celine S | officer: CFO & Vice President | 100 E. PRATT STREET BALTIMORE MD 21202 |
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