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Notes Payable, Other and Short-term Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Summary Notes Payable, Other and Short-term Borrowings | Notes payable, other and short-term borrowings consisted of the following (in thousands):
| December 31, 2023 |  | December 31, 2022
Unsecured senior revolving credit agreement | $ | 239,180 |  |  | $ | — |
BGC Partners 5.375% Senior Notes due July 24, 2023 | — |  |  | 449,243 |
BGC Group 3.750% Senior Notes due October 1, 2024 | 254,814 |  |  | — |
BGC Partners 3.750% Senior Notes due October 1, 2024 | 44,383 |  |  | 298,558 |
BGC Group 4.375% Senior Notes due December 15, 2025 | 286,729 |  |  | — |
BGC Partners 4.375% Senior Notes due December 15, 2025 | 11,800 |  |  | 298,165 |
BGC Group 8.000% Senior Notes due May 25, 2028 | 343,852 |  |  | — |
BGC Partners 8.000% Senior Notes due May 25, 2028 | 2,748 |  |  | — |
Collateralized borrowings | — |  |  | 3,251 |
Total Notes payable and other borrowings 1 | 1,183,506 |  |  | 1,049,217 |
Short-term borrowings | — |  |  | 1,917 |
Total Notes payable, other and short-term borrowings | $ | 1,183,506 |  |  | $ | 1,051,134 |
______________________________________ 1 The Company was in compliance with all debt covenants, as applicable, as of December 31, 2023.
Carrying Amounts and Estimated Fair Values of Company's Senior Notes | The BGC Group Notes and BGC Partners Notes are recorded at amortized cost. The carrying amounts and estimated fair values of the BGC Group Notes and BGC Partners Notes were as follows (in thousands):
| December 31, 2023 |  | December 31, 2022
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
BGC Partners 5.375% Senior Notes due July 24, 2023 | $ | — |  |  | $ | — |  |  | $ | 449,243 |  |  | $ | 449,007 |
BGC Group 3.750% Senior Notes due October 1, 2024 | 254,814 |  |  | 249,722 |  |  | — |  |  | — |
BGC Partners 3.750% Senior Notes due October 1, 2024 | 44,383 |  |  | 43,464 |  |  | 298,558 |  |  | 286,894 |
BGC Group 4.375% Senior Notes due December 15, 2025 | 286,729 |  |  | 276,569 |  |  | — |  |  | — |
BGC Partners 4.375% Senior Notes due December 15, 2025 | 11,800 |  |  | 11,371 |  |  | 298,165 |  |  | 281,114 |
BGC Group 8.000% Senior Notes due May 25, 2028 | 343,852 |  |  | 363,274 |  |  | — |  |  | — |
BGC Partners 8.000% Senior Notes due May 25, 2028 | 2,748 |  |  | 2,901 |  |  | — |  |  | — |
Total | $ | 944,326 |  |  | $ | 947,301 |  |  | $ | 1,045,966 |  |  | $ | 1,017,015 |

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