What is Fortress Investment Group LLC Financial Strength?
Fortress Investment Group LLC has the Financial Strength Rank of 0.
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.
Fortress Investment Group LLC's Interest Coverage for the quarter that ended in Sep. 2017 was 2.80.
Fortress Investment Group LLC's debt to revenue ratio for the quarter that ended in Sep. 2017 was 0.10.
As of today, Fortress Investment Group LLC's Altman Z-Score is 0.00.
Competitive Comparison of Fortress Investment Group LLC's Financial Strength
For the Asset Management subindustry, Fortress Investment Group LLC's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fortress Investment Group LLC's Financial Strength Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Fortress Investment Group LLC's Financial Strength distribution charts can be found below:
* The bar in red indicates where Fortress Investment Group LLC's Financial Strength falls into.
Fortress Investment Group LLC 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:
Fortress Investment Group LLC's Interest Expense for the
months ended in Sep. 2017 was $-2 Mil. Its Operating Income for the
months ended in Sep. 2017 was $6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2017 was $105 Mil.
Fortress Investment Group LLC's Interest Coverage for the quarter that ended in Sep. 2017 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Fortress Investment Group LLC's Debt to Revenue Ratio for the quarter that ended in Sep. 2017 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.
Fortress Investment Group LLC has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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.
Fortress Investment Group LLC (Fortress Investment Group LLC) Business Description
Traded in Other Exchanges
N/A
Address
Fortress Investment Group LLC is a diversified global investment management company. It operates as an alternative asset manager, which raises, invests and manages private equity funds and hedge funds. The firm's private equity funds are focused on control-oriented investments, real estate properties, and debt securities. Fortress' hedge fund offerings are composed of liquid hedge funds, which invest in more liquid capital markets, as well as credit-driven private equity and hedge funds, which focus on distressed and undervalued assets. Most of the revenue for the firm is derived from management fees, incentive income based on the performance of the funds and investment income from investments in funds.
Executives
| Wesley R Edens |
director, 10 percent owner, officer: Principal |
1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105 |
| Randal A Nardone |
director, 10 percent owner, officer: Principal and CEO |
1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105 |
| Briger Peter L Jr |
director, 10 percent owner, officer: Principal |
1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105 |
| Douglas L Jacobs |
director |
FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110 |
| Daniel Bass |
officer: Chief Financial Officer |
1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105 |
| Richard N Haass |
director |
|
| Robert I Kauffman |
director, 10 percent owner, officer: President-Europe and Director |
C/O FIG LLC 1345 AVENUE OF THE AMERICAS, NEW YORK, NY X1 10105 |
| Daniel H Mudd |
director, officer: Chief Executive Officer |
3900 WISCONSIN AVENUE, NW, WASHINGTON DC 20016 |
| Jonathan Brown |
officer: Chief Accounting Officer |
1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
| Howard Rubin |
director |
8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225 |
| Takumi Shibata |
director |
NOMURA ASSET MANAGEMENT USA, INC., TWO WORLD FINANCIAL CENTER, BUILDING B, NEW YORK NY 10281 |
Fortress Investment Group LLC (Fortress Investment Group LLC) Headlines
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