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Ares Management Corporation  (ARES)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial

Cumulative Ares Management's Interest Coverage ratios

ARES's Interest expense and Ebitda growth



ARES Interest Coverage (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Interest expense Change 46.05 % 41.89 % 50.04 % 59.7 % -61.7 %
Y / Y Ebitda Change 5.67 % - 383.83 % 50.38 % 48.33 %
Interest Coverage (TTM) 15.72 16.82 14.96 12.55 12.94
Total Ranking # 339 # 418 # 686 # 888 # 862
Seq. Interest expense Change 13.48 % 0.53 % 3.41 % 23.8 % 10.24 %
Seq. Ebitda Change 194.36 % -38 % 53.25 % -62.22 % -




Interest Coverage in the fourth quarter 2023 Comment
Ares Management's interest coverage ratio sequentially decreased to 15.72 but remained above company average. Due to increase of interest expenses in the fourth quarter 2023.

Within Financial sector 36 other companies have achieved higher interest coverage ratio during the Q4 2023. While Interest coverage ratio total ranking has improved in the fourth quarter 2023 to 339, from total ranking in the third quarter 2023 at 418.

What is Interest Coverage Ratio?
Source of Ares Management Corporation sales

Interest Coverage Company Ranking
Within: No.
Industry # 10
Sector # 37
S&P 500 # 339


Interest Coverage Statistics
High Average Low
16.82
8.42
1.11
(Sep 30 2023)   (Mar 31 2020)





Financial Statements
Ares Management's Interest expense $ 29 Millions Visit ARES's Income Statement
Ares Management's Ebitda $ 744 Millions Visit ARES's Income Statement
Where are ARES's Sales coming from? Visit ARES's Sales by Geography




Companies with similar Average Interest Coverage ratios for 12 months ending Dec 31 2023, within Financial Sector Interest Coverage Ratio EBITDA 12 months ending Dec 31 2023Interest net 12 months ending Dec 31 2023
Federated Hermes Inc   34.00 $ 425.648  Millions$ 12.519  Millions
Moody s Corporation  8.20 $ 2,057.000  Millions$ 251.000  Millions
First Industrial Realty Trust Inc   4.79 $ 356.128  Millions$ 74.335  Millions

Date modified: 2024-02-27T17:32:38+00:00



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