What is Prospect Capital Financial Strength?
Prospect Capital 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:
Prospect Capital 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 Prospect Capital's interest coverage with the available data.
Prospect Capital's debt to revenue ratio for the quarter that ended in Dec. 2023 was -81.27.
Altman Z-Score does not apply to banks and insurance companies.
Prospect Capital 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:
Prospect Capital's Interest Expense for the
months ended in Dec. 2023 was $-36.51 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,469.70 Mil.
Prospect Capital'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.
Prospect Capital'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.
Prospect Capital (Prospect Capital) Business Description
Traded in Other Exchanges
Address
10 East 40th Street, 42nd Floor, New York, NY, USA, 10016
Prospect Capital Corp is a closed-end investment company based in the United States. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies for acquisitions, divestitures, growth, development, recapitalizations, and other purposes. It makes investments, including lending in private equity, sponsored transactions, directly to companies, investments in structured credit, real estate, and syndicated debt.
Executives
| M Grier Eliasek |
director, officer: President and COO |
C/O PROSPECT ENERGY CORPORATION, 10 E. 40TH STREET, 40TH FLOOR, NEW YORK NY 10016 |
| Van Dask Kristin Lea |
officer: CFO, TREASURER, SECRETARY, CCO |
10 EAST 40TH ST, NEW YORK NY 10016 |
| John F Barry |
director, officer: Chief Executive Officer |
C/O PROSPECT ENERGY CORPORATION, 10 EAST 40TH STREET, 42TH FLOOR, NEW YORK NY 10016 |
| Eugene S Stark |
officer: Chief Financial Officer |
GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036 |
| William Gremp |
director |
10 E. 40TH ST, 44TH FLOOR, NEW YORK NY 10016 |
| Brian H Oswald |
officer: CCO and Secretary, other: CCO and Secretary |
|
| Matthew C. Barry |
other: Family Insider |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| Graham Anderson |
director |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| Andrew C. Cooper |
director |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| Robert Everett |
other: VP |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| Simon Marom |
other: VP- Legal |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| Robert Kleinman |
other: Senior VP |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| David Belzer |
other: Managing Director |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| Amir Friedman |
other: VP |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| William Montgomery Cook |
other: Managing Director |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
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