Franklin Resources (BEN) Debt Metrics
Market Cap: $10.52B
Avg Volume: 4.21M
Industry: Asset Management
Sector: Financial Services
How much debt does Franklin Resources have?
According to Franklin Resources's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Franklin Resources's total debt stands at $965.10M. This is broken down into:
- Long-term debt: $965.10M
- Short-term debt: $-
The company's net debt, which accounts for cash and cash equivalents, is $-2.34B. In terms of overall financial obligations, Franklin Resources's total liabilities amount to $17.90B.
Debt Ratios and Metrics
To better understand Franklin Resources's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.08 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 2.97% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 4.19 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 0.00% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 7.16% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Franklin Resources's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$965.10M
Long-term Debt
$965.10M
Short-term Debt
$-
Net Debt
$-2.34B
Total Liabilities
$17.90B
Interest Coverage
4.19
Debt to Equity Ratio
0.08
Debt Ratio
2.97%
Franklin Resources Historical Debt Metrics
Franklin Resources Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $965.10M | $965.10M | $- | $-2.34B | $17.90B | 0.08 | 2.97% | 4.19 | 0.00% | 7.16% |
| 2023 | $11.75B | $11.63B | $95.20M | $7.35B | $16.55B | 0.99 | 39.02% | 8.91 | 48.57% | 49.65% |
| 2022 | $9.36B | $9.21B | $- | $4.58B | $14.24B | 0.82 | 33.37% | 18.06 | 43.40% | 44.93% |
| 2021 | $7.59B | $7.39B | $- | $2.94B | $11.42B | 0.68 | 31.40% | 21.96 | 38.40% | 40.34% |
| 2020 | $4.97B | $6.44B | $- | $1.01B | $8.71B | 0.49 | 24.59% | 31.40 | 36.52% | 32.95% |
| 2019 | $747.70M | $747.70M | $- | $-5.21B | $3.16B | 0.08 | 5.15% | 69.53 | 7.02% | 7.02% |
| 2018 | $728.50M | $728.50M | $- | $-6.18B | $3.13B | 0.07 | 5.06% | 45.76 | 6.85% | 6.85% |
| 2017 | $1.10B | $1.10B | $- | $-7.65B | $2.66B | 0.09 | 6.26% | 43.97 | 8.00% | 8.00% |
| 2016 | $2.08B | $1.69B | $392.80M | $-6.40B | $3.51B | 0.17 | 12.94% | 47.41 | 12.41% | 14.86% |
| 2015 | $2.16B | $2.16B | $- | $-6.21B | $3.78B | 0.18 | 13.19% | 76.45 | 15.40% | 15.40% |
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