Ares Management (STU:0QN) Interest Expense : €-855 Mil (TTM As of Dec. 2023)

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What is Ares Management Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ares Management's interest expense for the three months ended in Dec. 2023 was € -223 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-855 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. Ares Management's Operating Income for the three months ended in Dec. 2023 was € 661 Mil. Ares Management's Interest Expense for the three months ended in Dec. 2023 was € -223 Mil. Ares Management's Interest Coverage for the quarter that ended in Dec. 2023 was 2.96. 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.

Ares Management Interest Expense Historical Data

The historical data trend for Ares Management'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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Ares Management Interest Expense Chart

Ares Management Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-267.67

-255.83

-260.91

-455.69

-789.42

Ares Management 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															-169.68	-192.67	-213.02	-222.94	-226.04

Ares Management 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 €-855 Mil.

Ares Management (STU:0QN) 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.

Ares Management's Interest Expense for the three months ended in Dec. 2023 was €-223 Mil. Its Operating Income for the three months ended in Dec. 2023 was €661 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €14,333 Mil.

Ares Management'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	*	660.547	/	-222.943
	=	2.96

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

Ares Management (STU:0QN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ares Management Corp (STU:0QN) » Definitions » Interest Expense

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ARES:USA 0QN:Germany

Address

2000 Avenue of the Stars, 12th Floor, Los Angeles, CA, USA, 90067

Website

https://www.aresmgmt.com

Ares Management Corp is an asset management company based in the United States. It offers investors investment-related advice and strategies for capital growth. The company's operating segments include Credit Group, Private Equity Group, Real Estate Group, Secondaries Group, and Strategic Initiatives. Its Credit Group generates maximum revenue, and manages credit strategies across the liquid and illiquid spectrum. Private Equity Group manages investment strategies categorized as corporate private equity, infrastructure and power, and special opportunities, Real Estate Group is engaged in managing real estate equity and debt strategies. The Secondary Solutions Group invests in secondary markets across a range of asset class including private equity, real estate, and infrastructure.

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