What is Ares Management Corporation's interest expense?

Ares Management Corporation (ARES) reported interest expense of $25.98M in Q3 2023.

How has Ares Management Corporation's interest expense changed year-over-year?

Ares Management Corporation's interest expense increased by 41.9% year-over-year, from $18.31M to $25.98M.

What does interest expense mean?

Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

Ares Management Corporation ARES Interest Expense

Interest Expense at other companies

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$137.05M+16.0%

KKR & Co.KKR

$692.14M-10.7%

The Carlyle GroupCG

$38.6M+38.8%

Blue Owl Technology Finance Corp.OTF

$103.83M+101%

Blue Owl CapitalOWL

$43.88M+13.9%

Great Elm Group, Inc.GEG

$1.03M-0.6%

Other financials

Income statement

See full

Revenue$1.4B+28.3%

Net income$142.6M+202%

Balance sheet

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Cash & equivalents$568.8M-8.0%

Total debt$730.1M+6.4%

Total equity$4.0B-9.6%

Total assets$28.4B+4.5%

Cash flow

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Operating cash flow$406.5M-79.6%

Valuation

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Market cap$25.1B-32.8%

Enterprise value$25.26B-32.7%

P/E40.3×-37.6×

P/S4.3×-3.5×

Profitability

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Net margin10.5%+0.3pp

FCF margin-161.4%—

Returns & leverage

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Return on equity14.7%+0.6pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by Ares Management Corporation in its filing.

Tagged under the XBRL concept us-gaap:InterestExpense.

The official record: Ares Management Corporation’s 10-Q, filed November 6, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ares Management Corporation's interest expense?: Ares Management Corporation (ARES) reported interest expense of $25.98M in Q3 2023.
How has Ares Management Corporation's interest expense changed year-over-year?: Ares Management Corporation's interest expense increased by 41.9% year-over-year, from $18.31M to $25.98M.
What does interest expense mean?: Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.