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Blackstone Senior Floating Rate Term Fund Financial Strength

: 3 (As of Jun. 2021)
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Blackstone Senior Floating Rate Term Fund 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:

Blackstone Senior Floating Rate Term Fund 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 Blackstone Senior Floating Rate Term Fund's interest coverage with the available data. Blackstone Senior Floating Rate Term Fund's debt to revenue ratio for the quarter that ended in Jun. 2021 was 3.87. Altman Z-Score does not apply to banks and insurance companies.


Blackstone Senior Floating Rate Term 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:

Blackstone Senior Floating Rate Term Fund's Interest Expense for the months ended in Jun. 2021 was $-0.65 Mil. Its Operating Income for the months ended in Jun. 2021 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $108.00 Mil.

Blackstone Senior Floating Rate Term Fund's Interest Coverage for the quarter that ended in Jun. 2021 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Blackstone Senior Floating Rate Term Fund's Debt to Revenue Ratio for the quarter that ended in Jun. 2021 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2021 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 108.001) / 27.886
=3.87

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.


Blackstone Senior Floating Rate Term Fund  (NYSE:BSL) 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.

Blackstone Senior Floating Rate Term Fund 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.


Blackstone Senior Floating Rate Term Fund Financial Strength Related Terms

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Blackstone Senior Floating Rate Term Fund Business Description

Blackstone Senior Floating Rate Term Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Traded in Other Exchanges
N/A
Address
345 Park Avenue, 31st Floor, New York, NY, USA, 10154
Blackstone Senior Floating Rate Term Fund is a diversified, closed-end management investment company. Its primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. The fund invests at least 80% of its Managed Assets in senior, secured floating rate loans. It also invests in second-lien loans and high yield bonds and employs financial leverage, which may increase the risk to the Fund.
Executives
Post Robert other: Portfolio Manager C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC 345 PARK AVE 31ST FLOOR NEW YORK NY 10154
Busch Robert W officer: CFO & Treasurer 345 PARK AVENUE, 31ST FLOOR NEW YORK NY 10154
Zable Robert officer: Executive Vice President, other: Asst. Secretary & PM 1290 BROADWAY SUITE 1100 DENVER CO 80203
Mckemie Gordon other: Portfolio Manager C/O GSO CAPITAL PARTNERS LP 345 PARK AVENUE NEW YORK NY 10154
Smith Daniel Harlan Jr. officer: CEO, President, other: Trustee, Chairman 1290 BROADWAY SUITE 1100 DENVER CO 80203
Lee-silvestri Dohyun (doris) officer: Chief Financial Officer C/O GSO CAPITAL PARTNERS LP 345 PARK AVENUE NEW YORK NY 10154
Lee Jane officer: Public Relations Officer 1290 BROADWAY SUITE 1100 CO 80203
Beeney Marisa Janel officer: CCO, Chief Legal Counsel, Sec. 1290 BROADWAY, SUITE 1100 DENVER CO 80203
Schpero Gary S other: Trustee 1290 BROADWAY, SUITE 1100 DENVER CO 80203
Shaiman Lee Michael officer: Exec. VP, Assistant Secretary 1290 BROADWAY SUITE 1100 DENVER CO 80203
Metropolitan Life Insurance Co/ny 10 percent owner 200 PARK AVENUE NEW YORK NY 10166
Holland Michael F other: Trustee PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HOLLAND MICHAEL F a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Rosenberg Eric officer: Chief Financial Officer C/O GSO CAPITAL PARTNERS LP 280 PARK AVENUE NEW YORK NY 10017
Dalelio Edward H other: Trustee 1000 BOARDWALK AT VIRGINIA AVENUE ATLANTIC CITY NJ 08401
Paolillo Douglas other: Mng. Dir.of Investment Advisor C/O GSO BLACKSTONE DEBT FUNDS MGMT LLC 280 PARK AVENUE NEW YORK NY 10017
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