New Mountain Finance 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:
New Mountain Finance 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 New Mountain Finance's interest coverage with the available data.
New Mountain Finance's debt to revenue ratio for the quarter that ended in Dec. 2023 was 14.60.
Altman Z-Score does not apply to banks and insurance companies.
New Mountain Finance 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:
New Mountain Finance's Interest Expense for the
months ended in Dec. 2023 was $-30.9 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 $1,785.4 Mil.
New Mountain Finance'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.
New Mountain Finance'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.
New Mountain Finance (New Mountain Finance) Business Description
Traded in Other Exchanges
Address
1633 Broadway, 48th Floor, New York, NY, USA, 10019
New Mountain Finance Corp is a closed-end, non-diversified management investment company. It invests in equity interests such as preferred stock, common stock, warrants, or options received in connection with debt investments or may include direct investment in the equity of private companies. The company's investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second-lien debt, notes, bonds, and mezzanine securities.
Executives
| Robert Hamwee |
officer: CEO & President |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019 |
| Barbara Daniel |
director |
1633 BROADWAY, 48TH FLOOR, NEW YORK NY 10019 |
| Laura Holson Boswerger |
officer: Chief Operating Officer |
1633 BROADWAY, 48TH FLOOR, NEW YORK NY 10019 |
| Steven B Klinsky |
director |
C/O NEW MOUNTAIN CAPITAL, L.L.C., 1633 BROADWAY, 48TH FLOOR, NEW YORK NY 10019 |
| Arnold Rome G. Iii |
director |
24 GRAMERCY PARK SOUTH, NEW YORK NY 10003 |
| James Stone |
officer: Section 16 Officer |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019 |
| Adam Weinstein |
officer: Chief Financial Officer |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019 |
| David Ogens |
director |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019 |
| Joseph Hartswell |
officer: Chief Compliance Officer |
599 LEXINGTON AVENUE, NEW YORK NY 10022 |
| Shiraz Kajee |
officer: CFO & Treasurer |
500 PARK AVENUE, NEW YORK NY 10022 |
| Alice Handy |
director |
C/O MSCI, INC., 88 PINE STREET, NEW YORK NY 10005 |
| John Kline |
officer: Section 16 Officer |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019 |
| Karrie J. Jerry |
officer: CCO and Corporate Secretary |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 SEVENTH AVENUE, NEW YORK NY 10019 |
| Daniel B Hebert |
director |
TRI-ARTISAN PARTNERS, 590 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022 |
| Kurt Wolfgruber |
director |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019 |
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