What is Navient Financial Strength?
Navient 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:
Navient 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.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate Navient's interest coverage with the available data.
Navient's debt to revenue ratio for the quarter that ended in Mar. 2024 was 47.99.
Altman Z-Score does not apply to banks and insurance companies.
Navient 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:
Navient's Interest Expense for the
months ended in Mar. 2024 was $-875 Mil. Its Operating Income for the
months ended in Mar. 2024 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $50,783 Mil.
Navient'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.
Navient'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.
Navient (Navient) Business Description
Traded in Other Exchanges
Address
123 Justison Street, Wilmington, DE, USA, 19801
Navient Corp is a financial services company that provides education loan management and business processing services to education, healthcare, and government clients at the federal, state, and local levels. The company operates in Delaware, western New York, northern Pennsylvania, Indiana, Tennessee, Texas, and Virginia, among other locations. The company has three primary reportable business segments: Federal Education Loans, Consumer Lending and Business Processing. The company's fourth and other segment relates to financial results of the company's holding company, including activities related to repurchases of debt, corporate liquidity portfolio, and unallocated overhead and regulatory-related costs.
Executives
| John M Kane |
officer: Chief Operating Officer |
300 CONTINENTAL DRIVE, NEWARK DE 19713 |
| Mark L Heleen |
officer: EVP & Chief Legal Officer |
12061 BLUEMONT WAY, RESTON VA 20190 |
| Stephen M Hauber |
officer: SVP, Chief Risk&Compliance Off |
123 S JUSTISON STREET, SUITE 300, WILMINGTON DE 19801 |
| Newbury Investors Llc |
10 percent owner |
135 EAST 57TH STREET, NEW YORK NY 10022 |
| Edward J Bramson |
10 percent owner |
SHERBORNE INVESTORS MANAGEMENT LP, 135 EAST 57TH STREET, NEW YORK NY 10022 |
| Sherborne Investors Gp, Llc |
10 percent owner |
135 EAST 57TH STREET, NEW YORK NY 10022 |
| Stephen Welker |
10 percent owner |
SHERBORNE INVESTORS MANAGEMENT LP, 135 EAST 57TH STREET, NEW YORK NY 10022 |
| Sherborne Investors Lp |
10 percent owner |
135 E. 57TH STREET, 32ND FLOOR, NEW YORK NY 10022 |
| Sherborne Investors Management Gp, Llc |
10 percent owner |
135 E. 57TH STREET, 32ND FLOOR, NEW YORK NY 10022 |
| Sherborne Investors Management Lp |
10 percent owner |
135 E. 57TH STREET, 32ND FLOOR, NEW YORK NY 10022 |
| Michael A Lawson |
director |
123 JUSTISON STREET, WILMINGTON DE 19801 |
| Joe Fisher |
officer: EVP, CFO & PAO |
123 JUSTISON STREET, WILMINGTON DE 19801 |
| Anna Escobedo Cabral |
director |
300 CONTINENTAL DRIVE, NEWARK DE 19713 |
| John F Remondi |
director, officer: Chief Executive Officer |
300 CONTINENTAL DRIVE, NEWARK DE 19713 |
| Ted A Morris |
officer: Acting Chief Financial Officer |
123 S. JUSTISON STREET, WILMINGTON DE 19801 |
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