What is Apollo Senior Floating Rate Fund Financial Strength?
Apollo Senior Floating Rate Fund has the Financial Strength Rank of 4.
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 Apollo Senior Floating Rate Fund's interest coverage with the available data.
Apollo Senior Floating Rate Fund's debt to revenue ratio for the quarter that ended in Dec. 2023 was 3.77.
Altman Z-Score does not apply to banks and insurance companies.
Apollo Senior Floating Rate Fund 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:
Apollo Senior Floating Rate Fund's Interest Expense for the
months ended in Dec. 2023 was $-4.18 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 $129.90 Mil.
Apollo Senior Floating Rate Fund'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.
Apollo Senior Floating Rate Fund'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.
Apollo Senior Floating Rate Fund (Apollo Senior Floating Rate Fund) Business Description
Traded in Other Exchanges
N/A
Address
9 West 57th Street, New York, NY, USA, 10019
Apollo Senior Floating Rate Fund Inc.is a diversified, closed-end management investment company. The Fund's investment objective is to seek current income and preservation of capital by investing in senior, secured loans made to companies whose debt is rated below investment grade and investments with similar economic characteristics. Senior loans typically hold a first lien priority and pay floating rates of interest, generally quoted as a spread over a reference floating rate benchmark. Under normal market conditions, the Fund invests at least 80% of its managed assets (which includes leverage) in floating rate senior loans and investments with similar economic characteristics.
Executives
| James Vanek |
officer: See Remarks |
9 W 57TH STREET, FLOOR 41, NEW YORK NY 10019 |
| Ryan Delgiudice |
officer: See Remarks |
1520 E. GRAND AVENUE, EL SEGUNDO CA 90245 |
| Kristin Hester |
officer: See Remarks |
9 WEST 57TH STREET, NEW YORK NY 10019 |
| Robert L Borden |
director |
C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11 |
| Seifert Kenneth Lee Jr. |
officer: See Remarks |
9 WEST 57TH STREET, NEW YORK NY 10019 |
| Saba Capital Management, L.p. |
10 percent owner |
405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
| Boaz Weinstein |
10 percent owner |
405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
| Joseph A. Moroney |
officer: President and CIO |
C/O APOLLO SENIOR FLOATING RATE FUND, 9 WEST 57TH STREET, NEW YORK NY 10019 |
| Apollo Total Return Master Fund L.p. |
other: See Remarks |
ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10057 |
| Frank F Marra |
officer: Treasurer and CFO |
APOLLO GLOBAL MANAGEMENT, 730 FIFTH AVE, 11TH FLOOR, NEW YORK NY 10019 |
| Elliot Jr Stein |
director |
C/ COMMONWEALTH CAPITAL PARTNERS, 444 MADISON AVE, NEW YORK NY 10022 |
| Barry J. Cohen |
director |
C/O APOLLO SENIOR FLOATING RATE FUND INC, 9 WEST 57TH STREET, NEW YORK NY 10019 |
| John J Hannan |
director |
9 WEST 57TH STREET, NEW YORK NY 10019 |
| Todd J Slotkin |
director |
35 EAST 62ND STREET, NEW YORK NY 10021 |
| Glenn N Marchak |
director |
CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE 4TH FL, STAMFORD CT 06902 |
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