What is Great Elm Capital Financial Strength?
Great Elm Capital has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Great Elm Capital 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 Great Elm Capital's interest coverage with the available data.
Great Elm Capital's debt to revenue ratio for the quarter that ended in Dec. 2023 was 6.28.
Altman Z-Score does not apply to banks and insurance companies.
Great Elm Capital 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:
Great Elm Capital's Interest Expense for the
months ended in Dec. 2023 was $-2.81 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 $140.21 Mil.
Great Elm Capital'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.
Great Elm Capital'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.
Great Elm Capital (Great Elm Capital) Business Description
Traded in Other Exchanges
N/A
Address
800 South Street, Suite 230, Waltham, MA, USA, 02453
Great Elm Capital Corp is an externally managed, non-diversified closed-end management investment company. The company seeks to generate current income and capital appreciation through debt and equity investments, including investments in specialty finance businesses. It invests in senior secured and senior unsecured debt instruments, as well as in junior loans and mezzanine debt of middle-market companies and small businesses. The company generates revenue from interest on the debt investments that it holds.
Executives
| Great Elm Group, Inc. |
10 percent owner |
800 SOUTH STREET, SUITE 230, WALTHAM MA 02453 |
| Richard M Cohen |
director |
C/O CARNEGIE INTERNATIONAL CORP, 11350 MCCORMICK ROAD EXECUTIVE PLAZA #3, HUNT VALLEY MD 21031 |
| Mark Kuperschmid |
director |
MAST CAPITAL MANAGEMENT, LLC, 200 CLARENDON STREET, 51ST FLOOR, BOSTON MA 02116 |
| Matthew D Kaplan |
officer: CEO and President |
800 SOUTH STREET, SUITE 230, WALTHAM MA 02453 |
| Northern Right Capital Management, L.p. |
10 percent owner, other: Member of 13D 10% Group |
9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN CT 06820 |
| Nrc Partners I, Lp |
10 percent owner |
9 OLD KINGS HIGHWAY SOUTH, 4TH FLOOR, DARIEN CT 06820 |
| Bc Advisors Llc |
10 percent owner |
500 CRESCENT COURT, SUITE 230, DALLAS TX 75201 |
| Northern Right Capital (qp), L.p. |
10 percent owner |
9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN CT 06820 |
| Matthew A Drapkin |
director |
10 CORBIN DRIVE, 3RD FLOOR, DARIEN CT 06820 |
| Chad Perry |
director |
C/O TANGER FACTORY OUTLET CENTERS, INC., 3200 NORTHLINE AVENUE, SUITE 360, GREENSBORO NC 27408 |
| Lenders Funding Llc /california |
10 percent owner |
523 A AVENUE, CORONADO CA 92118 |
| Robert A Zadek |
10 percent owner |
523 A AVENUE, CORONADO CA 92118 |
| Erik A Falk |
director |
C/O KKR ASSET MANAGEMENT LLC, 555 CALIFORNIA STREET, 50TH FLOOR, SAN FRANCISCO CA 94104 |
| Adam M Kleinman |
officer: Chief Compliance Officer |
800 SOUTH STREET, SUITE 230, WALTHAM MA 02453 |
| Michael C Speller |
director |
800 SOUTH STREET, SUITE 230, WALTHAM MA 02453 |
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