Osaic Financial Services (Osaic Financial Services) Interest Coverage : 7.31 (As of Dec. 2019)

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What is Osaic Financial Services Interest Coverage?

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 by its Interest Expense. Osaic Financial Services's Operating Income for the three months ended in Dec. 2019 was $45.90 Mil. Osaic Financial Services's Interest Expense for the three months ended in Dec. 2019 was $-6.28 Mil. Osaic Financial Services's interest coverage for the quarter that ended in Dec. 2019 was 7.31. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Osaic Financial Services's Interest Coverage or its related term are showing as below:

LTSAP.PFD' s Interest Coverage Range Over the Past 10 Years
Min: 1.1 Med: 10.58 Max: 32.08
Current: 7.52

LTSAP.PFD's Interest Coverage is not ranked
in the Capital Markets industry.
Industry Median: 19.7 vs LTSAP.PFD: 7.52

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Osaic Financial Services Interest Coverage Historical Data

The historical data trend for Osaic Financial Services's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Osaic Financial Services Interest Coverage Chart

Osaic Financial Services Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Coverage

Get a 7-Day Free Trial

12.38

14.83

32.08

13.21

6.94

Osaic Financial Services Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Interest Coverage	Get a 7-Day Free Trial															10.88	6.75	6.77	6.88	7.31

Competitive Comparison of Osaic Financial Services's Interest Coverage

For the Capital Markets subindustry, Osaic Financial Services's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.

Osaic Financial Services's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Osaic Financial Services's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Osaic Financial Services's Interest Coverage falls into.

Osaic Financial Services Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Osaic Financial Services's Interest Coverage for the fiscal year that ended in Dec. 2019 is calculated as

Here, for the fiscal year that ended in Dec. 2019, Osaic Financial Services's Interest Expense was $-23.12 Mil. Its Operating Income was $160.47 Mil. And its Long-Term Debt & Capital Lease Obligation was $348.95 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2019 )	/	Interest Expense (A: Dec. 2019 )
	=	-1	*	160.472	/	-23.119
	=	6.94

Osaic Financial Services's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Here, for the three months ended in Dec. 2019, Osaic Financial Services's Interest Expense was $-6.28 Mil. Its Operating Income was $45.90 Mil. And its Long-Term Debt & Capital Lease Obligation was $348.95 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2019 )	/	Interest Expense (Q: Dec. 2019 )
	=	-1	*	45.904	/	-6.279
	=	7.31

The higher the ratio, the stronger the company's Financial Strength is.

Osaic Financial Services (OTCPK:LTSAP.PFD) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Osaic Financial Services Interest Coverage Related Terms

Thank you for viewing the detailed overview of Osaic Financial Services's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Osaic Financial Services (Osaic Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Osaic Financial Services Inc (OTCPK:LTSAP.PFD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4400 Biscayne Boulevard, 12th Floor, Miami, FL, USA, 33137

Website

https://www.ladenburg.com

Ladenburg Thalmann Financial Services Inc is a United States-based company that provides diversified financial services. The company conducts operations through a number of subsidiaries, with three operating segments. The independent brokerage and advisory services segment consists of broker-dealer and investment advisory services, along with wealth-management services. The Ladenburg segment comprises investment banking, sales and trading and asset management services, and investment activities. The insurance brokerage segment comprises wholesale insurance brokerage activities. The company generates the majority of revenue from the independent brokerage and advisory services segment. Its business is concentrated in the United States.

Executives

Michael Liebowitz	director	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Vector Group Ltd	10 percent owner	4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137
Glenn C Davis	director	4400 BISCAYNE BOULEVARD, 12TH FLOOR, MIAMI FL 33137
Joseph Giovanniello	officer: Senior Vice President	520 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10022
Dmitry Kolosov	director	C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137
Adam Scott Malamed	officer: Chief Operating Officer	4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Jacqueline M Simkin	director	801 BRICKELL AVENUE, SUITE 2350, MIAMI FL 33131
Frost Nevada Investments Trust	10 percent owner	4400 BISCAYNE BOULEVARD, 15TH FLOOR, MIAMI FL 33137
Brett Kaufman	officer: Vice President and CFO	4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
Richard M Krasno	director	C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 31337
Saul Gilinski	director	C.I. FARMACAPSULAS S.A., 1893 S.W. THIRD STREET, POMPANO BEACH FL 33069
Diane Chillemi	officer: Chief Financial Officer	GBI CAPITAL MANAGEMENT CORP, 1055 STEWART AVE, BETHPAGE NY 11714
Richard J Rosenstock	director	C/O GAINES BERLAND INC, 1055 STEWART AVENUE, BETHPAGE NY 11714
Bruce S Mendelsohn	officer: Managing Director & Senior EVP	LADENBURG THALMANN FINANCIAL SERVICES, 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022