PHH (PHH) Financial Strength : 0 (As of Jun. 2018)

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What is PHH Financial Strength?

PHH has the Financial Strength Rank of 0.

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 PHH's interest coverage with the available data. PHH's debt to revenue ratio for the quarter that ended in Jun. 2018 was 1.04. Altman Z-Score does not apply to banks and insurance companies.

PHH 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:

PHH's Interest Expense for the months ended in Jun. 2018 was $-15.0 Mil. Its Operating Income for the months ended in Jun. 2018 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2018 was $145.0 Mil.

PHH's Interest Coverage for the quarter that ended in Jun. 2018 is

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

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

PHH's Debt to Revenue Ratio for the quarter that ended in Jun. 2018 is

Debt to Revenue Ratio	=	Total Debt (Q: Jun. 2018 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	145)	/	140
	=	1.04

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.

PHH (NYSE:PHH) 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.

PHH has the Financial Strength Rank of 0.

PHH Financial Strength Related Terms

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

PHH (PHH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PHH Corp (NYSE:PHH) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://corporate.phh.com

PHH Corp originates and services residential mortgage loans in the United States. It operates in two segments namely Mortgage Production and Mortgage Servicing. The company generates revenue in three ways: through fees on mortgage loan initiation; by selling on the secondary market loans that it initiated; and by servicing loans. The company outsources its services to clients that include financial institutions and real estate brokers. It also generally retains the servicing rights on loans it has sold and acts as a subservicer on behalf of other clients that own serving rights. Servicing typically generates the most revenue for the company, but each of the three sources of income are substantial.

Executives

James C Neuhauser	director	100 NORTH 17TH STREET, ARLINGTON VA 22209
Alberino J Celini	officer: Senior VP, Risk and Compliance	226 LANDIS AVENUE, VINELAND NJ 08360
James O Egan	director	280 PARK AVE 37TH FLR WEST TOWER NEW YORK NY 10017
Charles P Pizzi	director	C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112
Carroll R Wetzel	director	C/O ARCH WIRELESS INC, 1800 WEST PARK DR #250, WESTBOROUGH MA 01581
Jane D Carlin	director	C/O PHH CORPORATION, 3000 LEADENHALL ROAD, MT. LAUREL NJ 08054
Michael R Bogansky	officer: SVP & CFO	C/O PHH CORPORATION 3000 LEADENHALL ROAD MT. LAUREL NJ 08054
Kevin Stein	director	3000 LEADENHALL RD., MAILSTOP PCLG, MOUNT LAUREL NJ 08054
Silver Point Capital L.p.	10 percent owner	TWO GREENWICH PLAZA, SUITE 1, GREENWICH CT 06830
Edward A Mule	10 percent owner	C/O SILVER POINT CAPITAL L.P., TWO GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Glen A. Messina	director, officer: President and CEO	3000 LEADENHALL ROAD, MOUNT LAUREL NJ 08054
Thomas P Gibbons	director	THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286
Allan Z Loren	director	901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402
Citadel Gp Llc	10 percent owner	131 DEARBORN ST., 32ND FLOOR, CHICAGO IL 60603
Surveyor Capital Ltd.	10 percent owner	131 S. DEARBORN ST., 32ND FLOOR, CHICAGO IL 60603