Calamos Asset Management (Calamos Asset Management) Interest Coverage : 17.25 (As of Sep. 2016)

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What is Calamos Asset Management 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. Calamos Asset Management's Operating Income for the three months ended in Sep. 2016 was $4.1 Mil. Calamos Asset Management's Interest Expense for the three months ended in Sep. 2016 was $-0.2 Mil. Calamos Asset Management's interest coverage for the quarter that ended in Sep. 2016 was 17.25. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Calamos Asset Management's Interest Coverage or its related term are showing as below:

CLMS's Interest Coverage is not ranked ^*
in the Asset Management industry.
Industry Median: 38.64
* Ranked among companies with meaningful Interest Coverage only.

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

Calamos Asset Management Interest Coverage Historical Data

The historical data trend for Calamos Asset Management'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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Calamos Asset Management Interest Coverage Chart

Calamos Asset Management Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Interest Coverage

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21.11

19.91

12.94

13.11

9.88

Calamos Asset Management Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Interest Coverage	Get a 7-Day Free Trial															11.26	11.94	5.61	3.62	17.25

Competitive Comparison of Calamos Asset Management's Interest Coverage

For the Asset Management subindustry, Calamos Asset Management'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.

Calamos Asset Management's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Calamos Asset Management's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Calamos Asset Management's Interest Coverage falls into.

Calamos Asset Management 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.

Calamos Asset Management's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, Calamos Asset Management's Interest Expense was $-3.1 Mil. Its Operating Income was $30.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $46.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2015 )	/	Interest Expense (A: Dec. 2015 )
	=	-1	*	30.339	/	-3.07
	=	9.88

Calamos Asset Management's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

Here, for the three months ended in Sep. 2016, Calamos Asset Management's Interest Expense was $-0.2 Mil. Its Operating Income was $4.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2016 )	/	Interest Expense (Q: Sep. 2016 )
	=	-1	*	4.105	/	-0.238
	=	17.25

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

Calamos Asset Management (NAS:CLMS) 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 .

Calamos Asset Management Interest Coverage Related Terms

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

Calamos Asset Management (Calamos Asset Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Calamos Asset Management Inc (NAS:CLMS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.calamos.com

Calamos Asset Management Inc is a Delaware corporation, incorporated on July 23, 2004. It is an asset management firm that offers strategies to fulfill a range of asset allocation goals through a multi-team platform. The Company together with its subsidiaries provides investment advisory services to individuals and institutional investors through open-end funds, closed-end funds, separate accounts, offshore funds and partnerships. The company applies an investment philosophy and proprietary process centered on risk management across a range of investment strategies, including equity, balanced, convertible, high yield, alternative, fixed income and money market investments. The Company currently offers four types of investment products that fall into the categories of mutual funds and separate accounts. Funds include its open-end and closed-end funds as well as its Offshore Funds. The Company includes the Offshore Funds in open-end funds for reporting purposes. Separate accounts are individual portfolios of securities managed to meet clients specific needs and include institutional accounts and managed accounts. The Company competes in all aspects of its business with a large number of investment management firms, commercial banks, broker-dealers and insurance companies. In the United States and other countries in which it does business, it is subject to regulations and laws at both a federal and state level, including U.S. federal, state and local tax laws as well as similar foreign jurisdiction tax laws.

Executives

Keith M Schappert	other: Former Director	2020 CALAMOS COURT, NAPERVILLE IL 60563
Thomas F Eggers	other: Former Director	CALAMOS ASSET MANAGEMENT, INC., 2020 CALAMOS COURT, NAPERVILLE IL 60563
William N Shiebler	other: Former Director	2020 CALAMOS COURT, NAPERVILLE IL 60563
Robert Behan	officer: Pres., Head of Global Distrib.	2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos Family Partners, Inc.	10 percent owner	2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos John P Sr	director, 10 percent owner, officer: Founder, Chairman & Global CIO	2020 CALAMOS COURT, NAPERVILLE IL 60563
Mangrove Partners Fund, L.p.	10 percent owner	645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Capital Mangrove	10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Partners Mangrove	10 percent owner	645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Nathaniel H. August	10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Mangrove Partners Master Fund, Ltd.	10 percent owner	645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Mangrove Partners Fund (cayman), Ltd.	10 percent owner	MAPLES CORP. SVCS, PO BOX 309, UGLAND HOUSE, S. CHURCH STREET, GEORGE TOWN E9 KY1-1104
Thomas E Herman	officer: SVP, Chief Fiancial Officer	2020 CALAMOS COURT, NAPERVILLE IL 60563
Nimish S Bhatt	officer: SVP & CFO	2020 CALAMOS COURT, NAPERVILLE IL 60563
John S. Koudounis	director, officer: CEO	2020 CALAMOS COURT, NAPERVILLE IL 60563