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Arlington Asset Investment 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:
Arlington Asset 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.GuruFocus does not calculate Arlington Asset Investment's interest coverage with the available data. Arlington Asset Investment's debt to revenue ratio for the quarter that ended in Sep. 2023 was -6.82. 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:
Arlington Asset Investment's Interest Expense for the months ended in Sep. 2023 was $-8.94 Mil. Its Operating Income for the months ended in Sep. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $86.80 Mil.
Arlington Asset Investment's Interest Coverage for the quarter that ended in Sep. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Arlington Asset Investment's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Sep. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 86.804) | / | -12.724 | |
= | -6.82 |
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.
Arlington Asset Investment (NYSE:AAIC) 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.
Arlington Asset Investment 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 Arlington Asset Investment's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel E Berce | director | 801 CHERRY STREET, SUITE 3900, C/O GM FINANCIAL COMPANY, INC., FORT WORTH TX 76102 |
Richard Ernst Konzmann | officer: EVP, CFO and Treasurer | 6862 ELM STREET, SUITE 320, MCLEAN VA 22101 |
Tonkel J Rock Jr | director, officer: President and CEO | 6862 ELM STREET, SUITE 320, MCLEAN VA 22101 |
Melinda H Mcclure | director | C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103 |
Eric F Billings | director, officer: Executive Chairman | 1001 19TH STREET NORTH, SUITE 1900, ARLINGTON VA 22209 |
Michael Ralph S Iii | director | |
Benjamin J. Strickler | officer: See Remarks | C/O ARLINGTON ASSET INVESTMENT CORP., 6862 ELM STREET, SUITE 320, MCLEAN VA 22101 |
David W Faeder | director | 909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852 |
Peter A Gallagher | director | 1001 19TH STREET NORTH, SUITE 1900, ARLINGTON VA 22209 |
Daniel Joseph Altobello | director | 6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817 |
Nader Anthony P Iii | director | 6862 ELM STREET, SUITE 320, MCLEAN VA 22101 |
Kurt R Harrington | officer: EVP, CFO and Treasurer | 2529 VIRGINIA BEACH BOULEVARD, SUITE 200, VIRGINIA BEACH VA 23534 |
Wallace L Timmeny | director | 1122 INTERNATIONAL BLVD., SUITE 601, BURLINGTON A6 L7L 6Z8 |
Partners Group Alternative Strategies Pcc Ltd Gold Iota Cell | 10 percent owner | C/O PASSPORT MANAGEMENT, LLC, 30 HOTALING PLACE, STE. 300, SAN FRANCISCO CA 94111 |
Passport Capital, Llc | 10 percent owner | 1 LETTERMAN DRIVE, BUILDING A, SUITE A4-900, SAN FRANCISCO CA 94129 |
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