Invesco (Invesco) Interest Coverage

: 0 (At Loss) (As of Dec. 2023)

View and export this data going back to 1994. Start your Free Trial

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. Invesco's Operating Income for the three months ended in Dec. 2023 was $-1,076 Mil. Invesco's Interest Expense for the three months ended in Dec. 2023 was $-17 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

IVZ's Interest Coverage is not ranked ^*
in the Asset Management industry.
Industry Median: 37.91
* 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.

Invesco Interest Coverage Historical Data

The historical data trend for Invesco'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.

* Premium members only.

Invesco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

10.53

9.68

18.19

15.71

Invesco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																13.15	13.95	11.08	13.16	-

Competitive Comparison

For the Asset Management subindustry, Invesco'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.

Invesco Interest Coverage Distribution

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

* The bar in red indicates where Invesco's Interest Coverage falls into.

Invesco 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.

Invesco's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Invesco's Interest Expense was $-71 Mil. Its Operating Income was $-393 Mil. And its Long-Term Debt & Capital Lease Obligation was $9,045 Mil.

Invesco did not have earnings to cover the interest expense.

Invesco's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Invesco's Interest Expense was $-17 Mil. Its Operating Income was $-1,076 Mil. And its Long-Term Debt & Capital Lease Obligation was $9,045 Mil.

Invesco did not have earnings to cover the interest expense.

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

Invesco (NYSE:IVZ) 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 .

Invesco Interest Coverage Related Terms

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

Invesco (Invesco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Ltd (NYSE:IVZ) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

3IW:Germany 3IW:Germany

Address

1555 Peachtree Street, N.E., Suite 1800, Two Peachtree Pointe, Atlanta, GA, USA, 30309

Website

https://www.invesco.com

Invesco provides investment-management services to retail (63% of managed assets) and institutional (37%) clients. At the end of October 2023, the firm had $1.451 trillion in assets under management spread among its equity (49% of AUM), balanced (4%), fixed-income (21%), alternative investment (12%), and money market (14%) operations. Passive products account for 35% of Invesco's total AUM, including 62% of the company's equity operations and 15% of its fixed-income platform. Invesco's U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside of North America, with 28% of its AUM sourced from Europe, Africa, and the Middle East (13%) and Asia (15%).

Executives

Thomas P Gibbons	director	THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286
Martin L Flanagan	director, officer: President & CEO	1555 PEACHTREE STREET, SUITE 100, ATLANTA GA 30309
Elizabeth S. Johnson	director	CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901
Stephanie Butcher	officer: Senior Managing Director	1555 PEACHTREE ST. NE, ATLANTA GA 30309
Tony Wong	officer: Senior Managing Director	1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Trian Fund Management, L.p.	director	280 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10017
Jeffrey H Kupor	officer: Senior Managing Director	1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Mm Asset Management Holding Llc	10 percent owner	1295 STATE STREET, SPRINGFIELD MA 01111
Terry Vacheron	officer: Chief Accounting Officer	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Massmutual Holding Llc	10 percent owner	1295 STATE STREET, SPRINGFIELD MA 01111
Massachusetts Mutual Life Insurance Co	10 percent owner	1295 STATE STREET, SPRINGFIELD MA 01111
Gregory Mcgreevey	officer: Senior Managing Director	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Jennifer Krevitt	officer: SMD & Chief HR Officer	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Meadows Colin	officer: Senior Managing Director	1360 PEACHTREE STREET, ATLANTA GA 30309
Christopher C Womack	director