What is Manhattan Bridge Capital Financial Strength?
Manhattan Bridge Capital has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate Manhattan Bridge Capital's interest coverage with the available data.
Manhattan Bridge Capital's debt to revenue ratio for the quarter that ended in Mar. 2024 was 3.91.
Altman Z-Score does not apply to banks and insurance companies.
Manhattan Bridge Capital Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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:
Manhattan Bridge Capital's Interest Expense for the
months ended in Mar. 2024 was $-0.69 Mil. Its Operating Income for the
months ended in Mar. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $6.05 Mil.
Manhattan Bridge Capital's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Manhattan Bridge Capital's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
Manhattan Bridge Capital (Manhattan Bridge Capital) Business Description
Traded in Other Exchanges
N/A
Address
60 Cutter Mill Road, Suite 205, Great Neck, NY, USA, 11021
Manhattan Bridge Capital Inc is a real estate finance company taxed as a REIT that specializes in originating, servicing and managing a portfolio of first mortgage loans. The company offers short-term, secured, non-banking loans which may renew or extend, before or after their initial term expires, to real estate investors to fund their acquisition, renovation, rehabilitation or development of residential or commercial properties located in the New York metropolitan area, including New Jersey and Connecticut, and in Florida.
Executives
| Assaf Ran |
director, 10 percent owner, officer: President & CEO |
C/O DAG MEDIA INC, 125-10 QUEENS BOULEVARD, KEN GARDENS NY 11415 |
| Michael Jackson |
director |
AGENCY.COM, 20 EXCHANGE PL, NEW YORK NY 10005 |
| Lyron L Bentovim |
director |
60 CUTTER MILL ROAD, GREAT NECK, NEW YORK NY 11021 |
| Vanessa Kao |
officer: CFO |
C/O MANHATTAN BRIDGE CAPITAL, INC., 60 CUTTER MILL ROAD, GREAT NECK NY 11021 |
| Eran Goldshmid |
director |
C/O DAG MEDIA INC, 125-10 QUEENS BOULEVARD, KEN GARDENS NY 11415 |
| Phillip Michals |
director |
C/O DAG MEDIA INC, 125-10 QUEENS BOULEVARD, KEN GARDENS NY 11415 |
| Inbar Evron-yogev |
officer: Chief Financial Officer |
792 COLUMBUS AVENUE, NEW YORK NY 10025 |
| Mark Alhadeff |
director |
520 EAST 11TH STREET, NEW YORK NY 10009 |
| Yael Shimor Golan |
director, officer: CFO |
247 W 57TH ST, NEW YORK NY 10019 |
| Hummingbird Value Fund Lp |
10 percent owner, other: See footnote 1. |
145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022 |
| Hummingbird Management Llc |
10 percent owner, other: See footnote 1. |
145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022 |
| Paul D Sonkin |
10 percent owner, other: See footnote 1. |
145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022 |
| Hummingbird Microcap Value Fund Lp |
10 percent owner, other: See footnote 1. |
145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022 |
| Hummingbird Capital Llc |
10 percent owner, other: See footnote 1. |
145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022 |
| Stephen A Zelnick |
director |
|
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