What is New America Highome Fund Financial Strength?
New America Highome Fund has the Financial Strength Rank of 4.
Warning Sign:
New America High Income Fund 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.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate New America Highome Fund's interest coverage with the available data.
New America Highome Fund's debt to revenue ratio for the quarter that ended in Dec. 2023 was 2.33.
Altman Z-Score does not apply to banks and insurance companies.
New America Highome 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:
New America Highome Fund's Interest Expense for the
months ended in Dec. 2023 was $-2.71 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 $84.00 Mil.
New America Highome 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.
New America Highome Fund'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 America Highome Fund (New America Highome Fund) Business Description
Traded in Other Exchanges
N/A
Address
33 Broad Street, Boston, MA, USA, 02109
New America High Income Fund Inc is a diversified, closed?end management investment company. Its investment objective is to provide high current income while seeking to preserve stockholder capital by investing in a diversified portfolio of high-yield fixed-income securities. The fund invests primarily in fixed-maturity corporate debt securities that are rated less than the investment grade. Its portfolio of investment consists of investments in different sectors such as energy, financial, cable operators, healthcare, and others.
Executives
| Luis M Viceira |
director |
THE NEW AMERICA HIGH INCOME FUND, INC., 33 BROAD STREET, BOSTON MA 02109 |
| Marguerite A Piret |
director |
C/O NEWBURY PIRET AND CO., 200 STATE STREET 12TH FLOOR, BOSTON MA 02109 |
| Joseph I Bower |
director |
32 WIGGINS AVENUE, BEDFORD MA 01730 |
| Bernard J Korman |
director |
OMEGA HEALTHCARE INVESTORS INC, ANN ARBOR MI 48108 |
| Ellen E Terry |
officer: Vice President and Treasurer |
33 BTROAD STREET, BOSTON MA 02109 |
| Oleg M Pohotsky |
director |
C/O HAMBRECHT & QUIST CAPITAL MANAGEMENT, 2 LIBERTY SQUARE, 9TH FLOOR, BOSTON MA 02109 |
| Stuart A Mcfarland |
director |
C/O FORTRESS INVESTMENT GROUP, 1345 AVE OF THE AMERICAS 46TH FL, NEW YORK NY 10105 |
| Bank Of America Na |
10 percent owner |
100 N. TRYON STREET, CHARLOTTE NC 28255 |
| Blue Ridge Investments, L.l.c. |
10 percent owner |
ONE BRYANT PARK, NEW YORK NY 10036 |
| Bank Of America Corp /de/ |
10 percent owner |
BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255 |
| Merrill Lynch, Pierce, Fenner & Smith Inc. |
10 percent owner |
4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080 |
| Merrill Lynch & Co., Inc. |
10 percent owner |
4 WORLD FINANCIAL CTR, NEW YORK NY 10080 |
| Robert F Birch |
director, officer: President |
C/O HYPERION BROOKFIELD ASSET MANAGEMENT, THREE WORLD FINANCIAL CENTER, 200 VESEY STREET, 10TH FLOOR NY 10281-1010 |
| Ernest E Monrad |
director |
|
| Richard E Floor |
director, officer: Secretary |
C/O GOODWIN PROCTER LLP EXCHANGE PLACE, 26TH FLOOR, BOSTON MA 02109 |
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