Franklin Resources (FRA:FRK) Debt-to-Equity : 1.02 (As of Mar. 2024)

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What is Franklin Resources Debt-to-Equity?

Franklin Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil. Franklin Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €12,103 Mil. Franklin Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €11,832 Mil. Franklin Resources's debt to equity for the quarter that ended in Mar. 2024 was 1.02.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Franklin Resources's Debt-to-Equity or its related term are showing as below:

FRA:FRK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.18 Max: 1.02
Current: 1.02

During the past 13 years, the highest Debt-to-Equity Ratio of Franklin Resources was 1.02. The lowest was 0.07. And the median was 0.18.

FRA:FRK's Debt-to-Equity is ranked worse than
86.92% of 1017 companies
in the Asset Management industry
Industry Median: 0.19 vs FRA:FRK: 1.02

Franklin Resources Debt-to-Equity Historical Data

The historical data trend for Franklin Resources's Debt-to-Equity 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.

Franklin Resources Debt-to-Equity Chart

Franklin Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.08

0.64

0.68

0.82

0.99

Franklin Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.93	0.99	0.99	0.98	1.02

Competitive Comparison of Franklin Resources's Debt-to-Equity

For the Asset Management subindustry, Franklin Resources's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Franklin Resources's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Franklin Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Franklin Resources's Debt-to-Equity falls into.

Franklin Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Franklin Resources's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	11011.999)	/	11166.135
	=	0.99

Franklin Resources's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	12102.784)	/	11832.212
	=	1.02

Franklin Resources (FRA:FRK) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Franklin Resources Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Franklin Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Franklin Resources (FRA:FRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Franklin Resources Inc (FRA:FRK) » Definitions » Debt-to-Equity

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BEN:USA

Address

One Franklin Parkway, San Mateo, CA, USA, 94403

Website

https://www.franklinresources.com

Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.

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