What is Franklin BSP Lending Financial Strength?
Franklin BSP Lending 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:
Franklin BSP Lending Corp 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 Franklin BSP Lending's interest coverage with the available data.
Franklin BSP Lending's debt to revenue ratio for the quarter that ended in Sep. 2023 was 6.49.
Altman Z-Score does not apply to banks and insurance companies.
Franklin BSP Lending 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:
Franklin BSP Lending's Interest Expense for the
months ended in Sep. 2023 was $-21.9 Mil. Its Operating Income for the
months ended in Sep. 2023 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,162.3 Mil.
Franklin BSP Lending's Interest Coverage for the quarter that ended in Sep. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Franklin BSP Lending's Debt to Revenue Ratio for the quarter that ended in Sep. 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.
Franklin BSP Lending (Franklin BSP Lending) Business Description
Traded in Other Exchanges
N/A
Address
9 West 57th Street, Suite 4920, 49th Floor, New York, NY, USA, 10019
Franklin BSP Lending Corp is an externally managed, non-diversified closed-end management investment company. The company has elected to be regulated as a business development company. The company's investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in senior secured loans, and to a lesser extent, mezzanine loans, unsecured loans and equity of predominantly private U.S. middle-market companies. It also purchases interests in loans or corporate bonds through secondary market transactions.
Executives
| Michael Frick |
officer: Secretary |
9 WEST 57TH STREET, 49TH FLOOR, SUITE 4920, NEW YORK NY 10019 |
| Nina Kang Baryski |
officer: CFO & Treasurer |
9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019 |
| Dennis M Schaney |
director |
MORGAN STANLEY INVESTMENT MANAGEMENT, 522 FIFTH AVENUE, FLOOR 6, NEW YORK NY 10036 |
| Lee S Hillman |
director |
222 S RIVERSIDE PLAZE STE 2800, CHICAGO IL 60606 |
| Ronald J Kramer |
director |
712 FIFTH AVENUE, NEW YORK NY 10019 |
| Richard J Byrne |
director, officer: See Remarks |
350 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
| Leeor P. Avigdor |
officer: Corporate Secretary |
C/O 9 WEST 57TH ST., SUITE 4920, NEW YORK NY 10019 |
| Weil Edward M Jr. |
director |
C/O AMERICAN REALTY CAPITAL 405 PARK AVE, NEW YORK NY 10022 |
| Pankovcin Corinne |
officer: CFO, Secretary and Treasurer |
BUSINESS DEVELOPMENT CORP OF AMERICA, 405 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022 |
| James A. Fisher |
officer: President, COO |
C/O BUSINESS DEVELOPMENT CORP OF AMERICA, 405 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022 |
| Randolph C Read |
director |
C/O NEW YORK REIT, INC., 405 PARK AVENUE, NEW YORK NY 10022 |
| Nicholas Radesca |
officer: CFO and Treasurer |
C/O SOLAR CAPITAL LLC, 500 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10022 |
| Robert Grunewald |
officer: Chief Investment Officer |
405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022 |
| Bdca Adviser, Llc |
10 percent owner |
405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022 |
| Brian S Block |
officer: CFO and Treasurer |
C/O AMERICAN FINANCIAL REALTY TRUST, 1725 THE FALWAY, JENKINTOWN PA 19048 |
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