Chimera Investment has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Chimera Investment 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 Chimera Investment's interest coverage with the available data.
Chimera Investment's debt to revenue ratio for the quarter that ended in Dec. 2023 was 52.11.
Altman Z-Score does not apply to banks and insurance companies.
Chimera Investment 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:
Chimera Investment's Interest Expense for the
months ended in Dec. 2023 was $-126.6 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10,109.0 Mil.
Chimera Investment'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.
Chimera Investment'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.
Chimera Investment (Chimera Investment) Business Description
Traded in Other Exchanges
Address
630 Fifth Avenue, Suite 2400, New York, NY, USA, 10111
Chimera Investment Corporation is a real estate investment trust engaged in investing in a portfolio of mortgage assets on a leveraged basis. These investments include a variety of government-sponsored agency residential mortgage-backed securities, or RMBS, non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and other real estate-related securities. Agency mortgage-backed securities represent the largest share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares. A significant percentage of these securities are backed by properties in California. The company generates nearly all of its income from interest payments derived from its investments.
Executives
| Miyun Sung |
officer: Chief Legal Officer |
4-75 48TH AVENUE #705, LONG ISLAND CITY NY 11109 |
| Sudhanshu Thakkar |
officer: Co-Chief Investment Officer |
630 FIFTH AVENUE, SUITE 2400, NEW YORK NY 10111 |
| Sandra Bell |
director |
C/O TIPTREE INC., 660 STEAMBOAT ROAD, 2ND FL, GREENWICH CT 06830 |
| Subramaniam Viswanathan |
officer: Chief Financial Officer |
103 HARDING AVE, EDISON NJ 08820 |
| Kelley Kortman |
officer: Principal Accounting Officer |
520 MADISON AVE, FL 32, NEW YORK NY 10022 |
| Kevin Gerald Chavers |
director |
C/O CHIMERA INVESTMENT CORPORATION, 520 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
| Matthew Lambiase |
director, officer: Chief Exec. Officer and Pres. |
1211 AVENUE OF THE AMERICAS, SUITE 2902, NEW YORK NY 10036 |
| Kardis Phillip John Ii |
officer: Chief Legal Officer |
C/O CHIMERA INVESTMENT CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036 |
| Choudhary Yarlagadda |
officer: Chief Operating Officer |
1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036 |
| Robert S Colligan |
officer: CFO |
1211 AVENUE OF THE AMERICAS, STE 2902, NEW YORK NY 10036 |
| Brian Patrick Reilly |
director |
520 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
| Paul Donlin |
director |
1211 AVENUE OF THE AMERICAS, SUITE 2902, NEW YORK NY 10036 |
| Gerard Creagh |
director |
C/O DUFF & PHELPS CORPORATION, 55 EAST 52ND STREET, NEW YORK NY 10055 |
| Mohit Marria |
officer: Chief Investment Officer |
1211 AVENUE OF THE AMERICAS, STE 2902, NEW YORK NY 10036 |
| Debra Still |
director |
520 MADISON AVE, 32ND FL, C/O CHIMERA INVESTMENT CORPORATION, NEW YORK NY 10022 |
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CIM has been successfully added to your