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Source Capital has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Source Capital Inc shows strong financial strength.
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.GuruFocus does not calculate Source Capital's interest coverage with the available data. Source Capital's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00. Altman Z-Score does not apply to banks and insurance companies.
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:
Source Capital's Interest Expense for the months ended in Dec. 2023 was $0.00 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 $0.00 Mil.
Source Capital's Interest Coverage for the quarter that ended in Dec. 2023 is
Source Capital had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Source Capital Inc has no debt.
2. Debt to revenue ratio. The lower, the better.
Source Capital's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 0) | / | 47.984 | |
= | 0.00 |
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.
Source Capital (NYSE:SOR) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Source Capital has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Thank you for viewing the detailed overview of Source Capital's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Korey Bauer | officer: Vice President | 2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740 |
Martin Dziura | officer: Chief Compliance Officer | 309 WOODRIDGE LANE, MEDIA PA 19063 |
Rita Dam | officer: Treasurer | 2220 EAST ROUTE 66, SUITE 226, GLENDORA CA 91740 |
Lyna Phan | officer: Assistant Treasurer | 2220 EAST ROUTE 66, SUITE 226, GLENDORA CA 91740 |
Diane J Drake | officer: Secretary | 2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740 |
Max Banhazl | officer: Vice President | 2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740 |
Amy Centurioni | officer: Assistant Secretary | 2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740 |
John Zader | director | 11601 WISHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025 |
Maureen A Quill | director | 11601 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025 |
Brian A. Selmo | other: Officer of inv co's inv adv | 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064 |
Mark L. Lipson | director | 100 WILSHIRE BOULEVARD, SUITE 1200, SANTA MONICA CA 90401 |
Ryan A. Leggio | other: Officer of inv co's inv adv | 11601 WILSHIRE BLVD, SUITE 1200, LOS ANGELES CA 90025 |
Robert F Goldrich | director | LEON LEVY FOUNDATION, ONE ROCKEFELLER PLAZA, 20TH FLOOR, NEW YORK NY 10020 |
Thomas H Atteberry | other: partner of inv co's inv adv | 11400 W OLYMPIC BLVD, STE 1200, LOS ANGELES CA 90064 |
Mark Landecker | other: Officer of inv co's inv adv | 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064 |
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