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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Franklin Resources's interest expense for the three months ended in Dec. 2023 was $ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-112 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. Franklin Resources's Operating Income for the three months ended in Dec. 2023 was $ 348 Mil. Franklin Resources's Interest Expense for the three months ended in Dec. 2023 was $ -19 Mil. Franklin Resources's Interest Coverage for the quarter that ended in Dec. 2023 was 18.52. 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.
The historical data trend for Franklin Resources'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.
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 $-112 Mil.
* 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.
Franklin Resources (NYSE:BEN) Interest Expense Explanation
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. 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.
Franklin Resources's Interest Expense for the three months ended in Dec. 2023 was $-19 Mil. Its Operating Income for the three months ended in Dec. 2023 was $348 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $11,752 Mil.
Franklin Resources'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 | * | 348.2 | / | -18.8 | |
= | 18.52 |
* 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.
Alok Sethi | officer: Reg. S-K Executive Officer | ONE FRANKLING PARKWAY, SAN MATEO CA 94403 |
Mariann H Byerwalter | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY 920/2, SAN MATEO CA 94403 |
Terrence Murphy | officer: Section 16 Officer | CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE, 4TH FLOOR, STAMFORD CT 06902 |
Jennifer M Johnson | officer: Senior Vice President | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Jed A. Plafker | officer: Reg. S-K Executive Officer | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Thomas C Merchant | officer: EVP, General Counsel | LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202 |
Gwen L Shaneyfelt | officer: Chief Accounting Officer | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Karen Matsushima King | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
John Y Kim | director | 51 MADISON AVENUE, NEW YORK NY 10010 |
John W Thiel | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Alexander S Friedman | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Adam Benjamin Spector | officer: EVP, Global Advisory Services | 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018 |
Craig Steven Tyle | officer: Exec VP and General Counsel | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Anthony Noto | director | C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105 |
Johnson Rupert H Jr | director, 10 percent owner, officer: Vice Chairman | C/O FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
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