NMFC (New Mountain Finance) Cash-to-Debt : 0.03 (As of Sep. 2024)

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What is New Mountain Finance Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. New Mountain Finance's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.03.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, New Mountain Finance couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for New Mountain Finance's Cash-to-Debt or its related term are showing as below:

NMFC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.11
Current: 0.03

During the past 13 years, New Mountain Finance's highest Cash to Debt Ratio was 0.11. The lowest was 0.01. And the median was 0.04.

NMFC's Cash-to-Debt is ranked worse than
91.96% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs NMFC: 0.03

New Mountain Finance Cash-to-Debt Historical Data

The historical data trend for New Mountain Finance's Cash-to-Debt can be seen below:

* 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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New Mountain Finance Cash-to-Debt Chart

New Mountain Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.03

0.04

0.03

0.04

New Mountain Finance Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.04	0.06	0.06	0.03

Competitive Comparison of New Mountain Finance's Cash-to-Debt

For the Asset Management subindustry, New Mountain Finance's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

New Mountain Finance's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, New Mountain Finance's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where New Mountain Finance's Cash-to-Debt falls into.

New Mountain Finance Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

New Mountain Finance's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	70.09	/	(0	+	1785.449)
	=	0.04

New Mountain Finance's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	61.943	/	(0	+	1992.97)
	=	0.03

New Mountain Finance (NAS:NMFC) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

New Mountain Finance Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of New Mountain Finance's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

New Mountain Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » New Mountain Finance Corp (NAS:NMFC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1N4:Germany

Address

1633 Broadway, 48th Floor, New York, NY, USA, 10019

Website

https://www.newmountainfinance.com

New Mountain Finance Corp is a closed-end, non-diversified management investment company. It invests in equity interests such as preferred stock, common stock, warrants, or options received in connection with debt investments or may include direct investment in the equity of private companies. The company's investment objective is to generate current income and capital appreciation through sourcing and origination of debt securities at all levels of the capital structure, including first and second-lien debt, notes, bonds, and mezzanine securities.

Executives

Steven B Klinsky	director	C/O NEW MOUNTAIN CAPITAL, L.L.C., 1633 BROADWAY, 48TH FLOOR, NEW YORK NY 10019
John Kline	officer: Section 16 Officer	C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019
Adam Weinstein	officer: Chief Financial Officer	C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019
David Ogens	director	C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019
Robert Hamwee	officer: CEO & President	C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019
Barbara Daniel	director	1633 BROADWAY, 48TH FLOOR, NEW YORK NY 10019
Laura Holson Boswerger	officer: Chief Operating Officer	1633 BROADWAY, 48TH FLOOR, NEW YORK NY 10019
James Stone	officer: Section 16 Officer	C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019
Arnold Rome G. Iii	director	24 GRAMERCY PARK SOUTH, NEW YORK NY 10003
Joseph Hartswell	officer: Chief Compliance Officer	599 LEXINGTON AVENUE, NEW YORK NY 10022
Shiraz Kajee	officer: CFO & Treasurer	500 PARK AVENUE, NEW YORK NY 10022
Alice Handy	director	C/O MSCI, INC., 88 PINE STREET, NEW YORK NY 10005
Karrie J. Jerry	officer: CCO and Corporate Secretary	C/O NEW MOUNTAIN FINANCE CORPORATION, 787 SEVENTH AVENUE, NEW YORK NY 10019
Daniel B Hebert	director	TRI-ARTISAN PARTNERS, 590 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Kurt Wolfgruber	director	C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019