What is New York Mortgage Trust Financial Strength?
New York Mortgage Trust 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:
New York Mortgage Trust 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 New York Mortgage Trust's interest coverage with the available data.
New York Mortgage Trust's debt to revenue ratio for the quarter that ended in Dec. 2023 was 5.15.
Altman Z-Score does not apply to banks and insurance companies.
New York Mortgage Trust 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:
New York Mortgage Trust's Interest Expense for the
months ended in Dec. 2023 was $-62.0 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 $2,805.2 Mil.
New York Mortgage Trust'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.
New York Mortgage Trust'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.
New York Mortgage Trust (New York Mortgage Trust) Business Description
Traded in Other Exchanges
Address
90 Park Avenue, New York, NY, USA, 10016
New York Mortgage Trust Inc is a real estate investment trust for federal income tax purposes, in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets. The company's investment portfolio consists of Structured multi-family property investments such as multi-family CMBS an preferred equity in, and mezzanine loans to owners of multi-family properties. Distressed residential assets such as residential mortgage loans sourced from distressed markets and non-Agency RMBS. Second mortgages, Agency RMBS, and certain other mortgage-related and residential housing-related assets.
Executives
| Nicholas Mah |
officer: President |
90 PARK AVENUE, FLOOR 23, NEW YORK NY 10016 |
| Gena Cheng |
director |
401 EAST JACKSON STREET, SUITE 3300, TAMPA FL 33602 |
| Audrey Greenberg |
director |
90 PARK AVENUE, FLOOR 23, NEW YORK NY 10016 |
| Steven G Norcutt |
director |
1301 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019 |
| Steven R Mumma |
officer: Chief Operating Officer and VP |
1301 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019 |
| Nathan R Reese |
officer: Vice President and Secretary |
C/O NEW YORK MORTGAGE TRUST, INC., 52 VANDERBILT AVENUE, SUITE 403, NEW YORK NY 10017 |
| Kristine Rimando Nario |
officer: Chief Financial Officer |
275 MADISON AVENUE, SUITE 3200, NEW YORK NY 10016 |
| Jason T Serrano |
officer: President |
275 MADISON AVENUE, NEW YORK NY 10016 |
| Alan L Hainey |
director |
1301 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019 |
| Lisa A Pendergast |
director |
275 MADISON AVENUE, NEW YORK NY 10016 |
| Michael B. Clement |
director |
275 MADISON AVENUE, NEW YORK NY 10016 |
| Kevin M. Donlon |
officer: President |
227 WEST TRADE STREET, SUITE 900, CHARLOTTE NC 28202 |
| Douglas E Neal |
director |
52 VANDERBILT AVENUE, SUITE 403, NEW YORK NY 10017 |
| Jmp Asset Management Llc |
10 percent owner |
600 MONTGOMERY STREET, SUITE 1100, SAN FRANCISCO CA 94111 |
| Fredric S. Starker |
officer: Chief Financial Officer |
52 VANDERBILT AVENUE, SUITE 403, NEW YORK NY 10017 |
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