What is Ellington Financial Financial Strength?
Ellington Financial has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Ellington Financial Inc 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.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate Ellington Financial's interest coverage with the available data.
Ellington Financial's debt to revenue ratio for the quarter that ended in Dec. 2023 was 42.21.
Altman Z-Score does not apply to banks and insurance companies.
Ellington Financial 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:
Ellington Financial's Interest Expense for the
months ended in Dec. 2023 was $-70.7 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13,333.9 Mil.
Ellington Financial's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Ellington Financial's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 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.
Ellington Financial (Ellington Financial) Business Description
Traded in Other Exchanges
Address
53 Forest Avenue, Old Greenwich, CT, USA, 06870
Ellington Financial Inc is a specialty finance company. Its primary investment objective is to generate attractive, risk-adjusted total returns for its shareholders by making investments. the Company has two reportable segments; The Investment Portfolio Segment is focused on investing in a diverse array of financial assets, including residential and commercial mortgage loans, residential mortgage-backed securities, non-mortgage- and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments, and The Longbridge Segment is focused on the origination and servicing of reverse mortgage loans. it acquires reverse mortgage loans both through its origination activities and through secondary market purchases.
Executives
| Lisa Mumford |
officer: Chief Financial Officer |
6 BEACHWOOD COURT, DIX HILLS NY 11746 |
| Stephen J Dannhauser |
director |
122 WEST 55TH STREET, NEW YORK NY 10019 |
| Laurence Penn |
director, officer: CEO and President |
52 FOREST AVENUE, OLD GREENWICH CT 06870 |
| Ronald I Simon |
director |
485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022 |
| Michael W Vranos |
director, 10 percent owner, officer: Co-Chief Investment Officer |
52 FOREST AVENUE, OLD GREENWICH CT 06870 |
| Chris Smernoff |
officer: Chief Accounting Officer |
53 FOREST AVENUE, OLD GREENWICH CT 06870 |
| John Herlihy |
officer: Chief Financial Officer |
53 FOREST AVENUE, OLD GREENWICH CT 06870 |
| Mark Tecotzky |
officer: Co-Chief Investment Officer |
53 FOREST AVENUE, OLD GREENWICH CT 06870 |
| Thomas F Robards |
director |
666 THIRD AVENUE, 5TH FLOOR, NEW YORK NY 10017 |
| Daniel R. Margolis |
officer: Secretary |
53 FOREST AVENUE, OLD GREENWICH CT 06870 |
| Edward Resendez |
director |
52 FOREST AVENUE, OLD GREENWICH CT 06870 |
| Vc Investments Llc |
10 percent owner |
53 FOREST AVENUE, 2ND FLOOR, OLD GREENWICH CT 06870 |
| Emg Holdings, L.p. |
10 percent owner |
53 FOREST AVENUE, OLD GREENWICH CT 06870 |
| Fbr Capital Markets Pt Inc |
10 percent owner |
1001 NINETEENTH STREET NORTH, ARLINGTON VA 22302 |
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