Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. New Mountain Finance's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, New Mountain Finance couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.
The historical rank and industry rank for New Mountain Finance's Cash-to-Debt or its related term are showing as below:
NMFC'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.04 Max: 0.07
Current: 0.04
During the past 13 years, New Mountain Finance's highest Cash to Debt Ratio was 0.07. The lowest was 0.03. And the median was 0.04.
New Mountain Finance Cash-to-Debt Historical Data
The historical data trend for New Mountain Finance's Cash-to-Debt can be seen below:
* 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
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New Mountain Finance Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
0.03 |
0.04 |
0.03 |
0.04 |
0.04 |
|
New Mountain Finance Quarterly Data
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|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.04 |
0.02 |
0.02 |
0.04 |
0.04 |
Competitive Comparison
For the Asset Management subindustry, New Mountain Finance's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
New Mountain Finance Cash-to-Debt Distribution
For the Asset Management industry and Financial Services sector, New Mountain Finance's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where New Mountain Finance's Cash-to-Debt falls into.
New Mountain Finance Cash-to-Debt Calculation
This is the ratio of a company's
Balance Sheet Cash And Cash Equivalents
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
New Mountain Finance's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
New Mountain Finance's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* 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 Mountain Finance (New Mountain Finance) Business Description
Traded in Other Exchanges
Address
1633 Broadway, 48th Floor, New York, NY, USA, 10019
New Mountain Finance Corp is a closed-end, non-diversified management investment company. It invests in equity interests such as preferred stock, common stock, warrants, or options received in connection with debt investments or may include direct investment in the equity of private companies. The company's investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second-lien debt, notes, bonds, and mezzanine securities.
Executives
| Robert Hamwee |
officer: CEO & President |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019 |
| Barbara Daniel |
director |
1633 BROADWAY, 48TH FLOOR, NEW YORK NY 10019 |
| Laura Holson Boswerger |
officer: Chief Operating Officer |
1633 BROADWAY, 48TH FLOOR, NEW YORK NY 10019 |
| Steven B Klinsky |
director |
C/O NEW MOUNTAIN CAPITAL, L.L.C., 1633 BROADWAY, 48TH FLOOR, NEW YORK NY 10019 |
| Arnold Rome G. Iii |
director |
24 GRAMERCY PARK SOUTH, NEW YORK NY 10003 |
| James Stone |
officer: Section 16 Officer |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019 |
| Adam Weinstein |
officer: Chief Financial Officer |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019 |
| David Ogens |
director |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019 |
| Joseph Hartswell |
officer: Chief Compliance Officer |
599 LEXINGTON AVENUE, NEW YORK NY 10022 |
| Shiraz Kajee |
officer: CFO & Treasurer |
500 PARK AVENUE, NEW YORK NY 10022 |
| Alice Handy |
director |
C/O MSCI, INC., 88 PINE STREET, NEW YORK NY 10005 |
| John Kline |
officer: Section 16 Officer |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019 |
| Karrie J. Jerry |
officer: CCO and Corporate Secretary |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 SEVENTH AVENUE, NEW YORK NY 10019 |
| Daniel B Hebert |
director |
TRI-ARTISAN PARTNERS, 590 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022 |
| Kurt Wolfgruber |
director |
C/O NEW MOUNTAIN FINANCE CORPORATION, 787 7TH AVENUE, 48TH FLOOR, NEW YORK NY 10019 |
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