Apollo Tacticalome Fund (Apollo Tacticalome Fund) Financial Strength : 4 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Apollo Tacticalome Fund Financial Strength?

Apollo Tacticalome Fund has the Financial Strength Rank of 4.

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 Apollo Tacticalome Fund's interest coverage with the available data. Apollo Tacticalome Fund's debt to revenue ratio for the quarter that ended in Dec. 2023 was 3.53. Altman Z-Score does not apply to banks and insurance companies.

Apollo Tacticalome Fund 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:

Apollo Tacticalome Fund's Interest Expense for the months ended in Dec. 2023 was $-3.89 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 $120.95 Mil.

Apollo Tacticalome Fund'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.

Apollo Tacticalome Fund's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Dec. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	120.948)	/	34.272
	=	3.53

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.

Apollo Tacticalome Fund (NYSE:AIF) 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.

Apollo Tacticalome Fund has the Financial Strength Rank of 4.

Apollo Tacticalome Fund Financial Strength Related Terms

Thank you for viewing the detailed overview of Apollo Tacticalome Fund's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.

Apollo Tacticalome Fund (Apollo Tacticalome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Apollo Tactical Income Fund Inc. (NYSE:AIF) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West 57th Street, New York, NY, USA, 10019

Website

https://www.apollofunds.com

Apollo Tactical Income Fund Inc. is a closed-end management investment company. Its investment objective is to seek current income with a secondary objective of preservation of capital. It seeks to achieve its investment objectives mainly by allocating its assets among different types of credit instruments based on absolute and relative value considerations and its analysis of the credit markets.

Executives

James Vanek	officer: See Remarks	9 W 57TH STREET, FLOOR 41, NEW YORK NY 10019
Ryan Delgiudice	officer: See Remarks	1520 E. GRAND AVENUE, EL SEGUNDO CA 90245
Kristin Hester	officer: See Remarks	9 WEST 57TH STREET, NEW YORK NY 10019
Barry J. Cohen	director	C/O APOLLO SENIOR FLOATING RATE FUND INC, 9 WEST 57TH STREET, NEW YORK NY 10019
Robert L Borden	director	C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Seifert Kenneth Lee Jr.	officer: See Remarks	9 WEST 57TH STREET, NEW YORK NY 10019
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Joseph A. Moroney	officer: President	C/O APOLLO SENIOR FLOATING RATE FUND, 9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Total Return Master Fund L.p.	other: See Remarks	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10057
Frank F Marra	officer: Treasurer and CFO	APOLLO GLOBAL MANAGEMENT, 730 FIFTH AVE, 11TH FLOOR, NEW YORK NY 10019
Joseph D Glatt	officer: See Remarks	C/O APOLLO INVESTMENT CORPORATION, 9 WEST 57TH STREET, NEW YORK NY 10019
Elliot Jr Stein	director	C/ COMMONWEALTH CAPITAL PARTNERS, 444 MADISON AVE, NEW YORK NY 10022
Glenn N Marchak	director	CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE 4TH FL, STAMFORD CT 06902
Todd J Slotkin	director	35 EAST 62ND STREET, NEW YORK NY 10021