Affiliated Managers Group (Affiliated Managers Group) Interest Expense : $-123 Mil (TTM As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

What is Affiliated Managers Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Affiliated Managers Group's interest expense for the three months ended in Dec. 2023 was $ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-123 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. Affiliated Managers Group's Operating Income for the three months ended in Dec. 2023 was $ 160 Mil. Affiliated Managers Group's Interest Expense for the three months ended in Dec. 2023 was $ -31 Mil. Affiliated Managers Group's Interest Coverage for the quarter that ended in Dec. 2023 was 5.08. 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.

Affiliated Managers Group Interest Expense Historical Data

The historical data trend for Affiliated Managers Group'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.

* Premium members only.

Affiliated Managers Group Interest Expense Chart

Affiliated Managers Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-76.20

-92.30

-111.40

-114.40

-123.80

Affiliated Managers Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-29.70	-29.10	-30.90	-31.10	-31.40

Affiliated Managers Group 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 quarterly data reported by the company within the most recent 12 months, which was $-123 Mil.

Affiliated Managers Group (NYSE:AMG) 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.

Affiliated Managers Group's Interest Expense for the three months ended in Dec. 2023 was $-31 Mil. Its Operating Income for the three months ended in Dec. 2023 was $160 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,538 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	159.5	/	-31.4
	=	5.08

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

Affiliated Managers Group (Affiliated Managers Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Affiliated Managers Group Inc (NYSE:AMG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

777 South Flagler Drive, West Palm Beach, FL, USA, 33401

Website

https://www.amg.com

Affiliated Managers Group offers investment strategies to investors through its network of affiliates. The firm typically buys a majority interest in small to midsize boutique asset managers, receiving a fixed percentage of revenue from these firms in return. Affiliates operate independently, with AMG providing strategic, operational, and technology support, as well as global distribution. At the end of September 2023, AMG's affiliate network—which includes firms like AQR Capital Management, and Pantheon in alternative assets and other products (which accounted for 36% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global and emerging-market equities (27%) and Frontier, River Road, Parnassus, and Yacktman in U.S. equities (21%)—had $635.8 billion in managed assets.

Executives

Loren M Starr	director
Reuben Iii Jeffery	director	C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DR., STE. 1401 E TOWER, WEST PALM BEACH FL 33401
Tracy P. Palandjian	director	SOCIAL FINANCE, INC., 200 STATE STREET, 14TH FLOOR, BOSTON MA 02109
John R Erickson	officer: Head of Affiliate Engagement	C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Rizwan M Jamal	officer: Head of Affiliate Investments	C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Jay C. Horgen	director, officer: President and CEO	AFFILIATED MANAGERS GROUP, INC., 777 S. FLAGLER DR., SUITE 1201 E. TOWER, WEST PALM BEACH FL 33401
Dwight D. Churchill	director	44 GAGE ROAD, BEDFORD NH 03110
David Christopher Ryan	director	C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Matos Rodriguez Felix V.	director	C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Tracy A Atkinson	director	MFS INVESTMENT MANAGEMENT, 500 BOYLSTON ST., BOSTON MA 02116
Hugh Cutler	officer: EVP, Global Distribution	C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Thomas M Wojcik	officer: Chief Financial Officer	C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Samuel T Byrne	director	CROSSHARBOR CAPITAL PARTNERS, ONE BOSTON PLACE, SUITE 2300, BOSTON MA 02108
Sean M Healey	director, officer: Executive Chairman	C/O AFFILIATED MANAGERS GROUP INC, 777 S. FLAGLER DR., SUITE 1201 E. TOWER, WEST PALM BEACH FL 33401
David M. Billings	officer: General Counsel and Secretary	C/O AFFILIATED MANAGERS GROUP, INC., 600 HALE ST., PO BOX 1000, PRIDES CROSSING MA 01965