Hamilton Lane (Hamilton Lane) Interest Expense : $-11.2 Mil (TTM As of Mar. 2024)

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What is Hamilton Lane Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hamilton Lane's interest expense for the three months ended in Mar. 2024 was $ -2.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-11.2 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. Hamilton Lane's Operating Income for the three months ended in Mar. 2024 was $ 83.9 Mil. Hamilton Lane's Interest Expense for the three months ended in Mar. 2024 was $ -2.8 Mil. Hamilton Lane's Interest Coverage for the quarter that ended in Mar. 2024 was 30.09. 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.

Hamilton Lane Interest Expense Historical Data

The historical data trend for Hamilton Lane'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.

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Hamilton Lane Interest Expense Chart

Hamilton Lane Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-2.82

-2.50

-4.64

-8.62

-11.18

Hamilton Lane Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2.59	-2.90	-2.74	-2.75	-2.79

Hamilton Lane 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.2 Mil.

Hamilton Lane (NAS:HLNE) 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.

Hamilton Lane's Interest Expense for the three months ended in Mar. 2024 was $-2.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $83.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $275.2 Mil.

Hamilton Lane's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	83.887	/	-2.788
	=	30.09

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

Hamilton Lane (Hamilton Lane) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hamilton Lane Inc (NAS:HLNE) » Definitions » Interest Expense

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Traded in Other Exchanges

1M0:Germany

Address

110 Washington Street, Suite 1300, Conshohocken, PA, USA, 19428

Website

https://www.hamiltonlane.com

Hamilton Lane Inc is a private market investment solutions provider in the United States. It works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world. The company offers a range of investment solutions across a range of private markets, including private equity, private credit, real estate, infrastructure, natural resources, growth equity and venture capital.

Executives

Drew Thomas Carl	officer: Principal Accounting Officer	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428-2053
Atul Varma	officer: Chief Financial Officer	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Jeffrey Brian Armbrister	officer: Chief Financial Officer	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428-2053
Oakville Number 2 Trust	10 percent owner	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Reynoldo Vann Graves	director	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Juan Delgado-moreira	10 percent owner, officer: Managing Director	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Hartley R. Rogers	director, 10 percent owner, officer: Chairman	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Leslie F Varon	director	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Tara Blackburn	10 percent owner	ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CNYWYD PA 19004
Michael John Kelly	10 percent owner	ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CYNWYD PA 19004
Edward B. Whittemore	10 percent owner	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Laurence Whittemore	10 percent owner	ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CYNWYD PA 19004
Initial Trust Under The Frederick B. Whittemore 2008 Children's Trust Agreement Dated 11/25/2008	10 percent owner	ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CYNWYD PA 19004
2008 Sexton Des. Trust Fbo Laura Sexton	10 percent owner	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
2008 Sexton Des. Trust Fbo Matthew Sexton	10 percent owner	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428