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Saratoga Investment 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.
Warning Sign:
Saratoga Investment Corp displays poor financial strength. 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.GuruFocus does not calculate Saratoga Investment's interest coverage with the available data. Saratoga Investment's debt to revenue ratio for the quarter that ended in Nov. 2023 was -182.36. Altman Z-Score does not apply to banks and insurance companies.
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:
Saratoga Investment's Interest Expense for the months ended in Nov. 2023 was $-12.52 Mil. Its Operating Income for the months ended in Nov. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $793.63 Mil.
Saratoga Investment's Interest Coverage for the quarter that ended in Nov. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Saratoga Investment's Debt to Revenue Ratio for the quarter that ended in Nov. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Nov. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 793.631) | / | -4.352 | |
= | -182.36 |
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.
Saratoga Investment (NYSE:SAR) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Saratoga Investment 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.
Thank you for viewing the detailed overview of Saratoga Investment's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Christian L Oberbeck | director, 10 percent owner, officer: CEO and Director | C/O KOPPERS INC, 436 SEVENTH AVENUE, SUITE 1550, PITTSBURG PA 15219 |
Steven M Looney | director | 132 WAIKU ROAD, RIDGEWOOD NJ 07450-2322 |
Henri J Steenkamp | officer: Chief Financial Officer | SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Williams George Cabell Iii | director | 5422 ALBIA ROAD, BETHESDA MD 20816 |
Elizabeth Oberbeck | 10 percent owner | C/O SARATOGA INVESTMENT CORP., 535 MADISON AVENUE, NEW YORK NY 10022 |
Michael J Grisius | director, officer: President and Director | 1919 PENNSYLVANIA AVE NW, 3RD FL, WASHINGTON DC 20006 |
Whitman Iii Charles S | director | C/O GSC INVESTMENT CORP., 12 EAST 49TH STREET, SUITE 3200, NEW YORK NY 10017 |
Phillips Charles G Iv | other: Member of 10% owner group. | C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Richard A Petrocelli | director, officer: CFO, Secretary and CCO | 1350 6TH AVENUE, 18TH FLOOR, NEW YORK NY 10019 |
John P. Birkelund | other: Member of 10% owner group | ETHAN ALLEN DRIVE, DANBURY CT 06811 |
John F. Macmurray | other: Member of 10% owner group | C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Durkin Charles P Jr | other: Member of 10% owner group | |
Clo Partners Llc | other: Member of 10% owner group | 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Saratoga Investment Advisors, Llc | other: Member of 10% owner group | 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Ivo Turkedjiev | officer: VP Corporate Credit Group | C/O GSC INVESTMENT CORP, 888 SEVENTH AVE, NEW YORK NY 10019 |
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