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Bridge Investment Group Holdings (Bridge Investment Group Holdings) Financial Strength : 4 (As of Mar. 2024)


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What is Bridge Investment Group Holdings Financial Strength?

Bridge Investment Group Holdings 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.

Bridge Investment Group Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 0.80. Bridge Investment Group Holdings's debt to revenue ratio for the quarter that ended in Mar. 2024 was 1.13. As of today, Bridge Investment Group Holdings's Altman Z-Score is 0.89.


Competitive Comparison of Bridge Investment Group Holdings's Financial Strength

For the Asset Management subindustry, Bridge Investment Group Holdings's Financial Strength, along with its competitors' market caps and Financial Strength 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.


Bridge Investment Group Holdings's Financial Strength Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bridge Investment Group Holdings's Financial Strength distribution charts can be found below:

* The bar in red indicates where Bridge Investment Group Holdings's Financial Strength falls into.



Bridge Investment Group Holdings 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:

Bridge Investment Group Holdings's Interest Expense for the months ended in Mar. 2024 was $-7.4 Mil. Its Operating Income for the months ended in Mar. 2024 was $5.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $450.0 Mil.

Bridge Investment Group Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*5.86/-7.365
=0.80

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Bridge Investment Group Holdings's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(15.5 + 450.01) / 411.16
=1.13

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.

Bridge Investment Group Holdings has a Z-score of 0.89, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.89 is in distress zone. This implies bankruptcy possibility in the next two years.

* 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.


Bridge Investment Group Holdings  (NYSE:BRDG) 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.

Bridge Investment Group Holdings has the Financial Strength Rank of 4.


Bridge Investment Group Holdings Financial Strength Related Terms

Thank you for viewing the detailed overview of Bridge Investment Group Holdings's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Bridge Investment Group Holdings (Bridge Investment Group Holdings) Business Description

Traded in Other Exchanges
Address
111 East Sego Lily Drive, Suite 400, Salt Lake City, UT, USA, 84070
Bridge Investment Group Holdings Inc is a vertically integrated real estate investment manager, diversified across specialized asset classes. The company combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: multifamily, affordable housing, seniors housing, office, development, logistics net lease, logistics properties, debt strategies, and agency mortgage-backed securities.
Executives
Garrett Behling officer: Chief Accounting Officer 111 EAST SEGO LILY DRIVE, SUITE 400, SANDY UT 84070
Chad A Leat director C/O UNITED AMERICA INDEMNITY GROUP INC., 3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Katherine Elsnab officer: Chief Accounting Officer C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Deborah C Hopkins director 1007 MARKET ST, WILMINGTON DE 19898
Adam O'farrell director, officer: See Remarks C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Robert Randolph Morse director, 10 percent owner, officer: See Remarks 1000 PARK AVENUE, APT 3, NEW YORK NY 10028
Debra M Chase director C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Jonathan Slager director, officer: See Remarks C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Bridge Founders Group, Llc 10 percent owner 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Chad D. Briggs officer: See Remarks C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Dean Allara director, officer: See Remarks C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070