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Lument Finance Trust 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:
Lument Finance Trust Inc 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.GuruFocus does not calculate Lument Finance Trust's interest coverage with the available data. Lument Finance Trust's debt to revenue ratio for the quarter that ended in Mar. 2024 was 26.84. Altman Z-Score does not apply to banks and insurance companies.
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:
Lument Finance Trust's Interest Expense for the months ended in Mar. 2024 was $-22.45 Mil. Its Operating Income for the months ended in Mar. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,123.17 Mil.
Lument Finance Trust's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Lument Finance Trust'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 | |
= | (0 | + | 1123.173) | / | 41.852 | |
= | 26.84 |
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.
Lument Finance Trust (NYSE:LFT) 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.
Lument Finance Trust 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.
Thank you for viewing the detailed overview of Lument Finance Trust's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
William A Houlihan | director | 10900 WAYZATA BOULEVARD, MINNETONKA MN 55305 |
James J Henson | officer: PRESIDENT | LUMENT FINANCE TRUST, INC., 10 W BROAD ST., 8TH FLOOR, COLUMBUS OH 43215 |
Walter C Keenan | director | C/O FIVE OAKS INVESTMENT CORP., 540 MADISON AVE, 19TH FLOOR, NEW YORK NY 10022 |
James Christopher Hunt | director | 4401 NORTH MESA, EL PASO TX 79902 |
James A Briggs | officer: Chief Financial Officer | C/O HUNT COMPANIES FINANCE TRUST INC., 230 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10169 |
James Peter Flynn | officer: Chief Executive Officer | 230 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10169 |
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Orec Investment Holdings, Llc | 10 percent owner | 2001 ROSS AVENUE, SUITE 1900, DALLAS TX 75201 |
Hunt Capital Holdings Investments, Llc | 10 percent owner | 4401 NORTH MESA STREET, EL PASO TX 79902 |
Hunt Companies Equity Holdings, Llc | 10 percent owner | 230 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10169 |
Hunt Company, Llc | 10 percent owner | 9120 DOUBLE DIAMOND PARKWAY, RENO NV 89521 |
Hb Gp, Llc | 10 percent owner | 4401 NORTH MESA, EL PASO TX 79902 |
Hunt Elp, Ltd. | 10 percent owner | 4401 NORTH MESA, EL PASO TX 79902 |
Woody L Hunt | 10 percent owner | 4401 NORTH MESA, EL PASO TX 79902 |
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