What is First Eagle Alternative Capital BDC Financial Strength?
First Eagle Alternative Capital BDC has the Financial Strength Rank of 5.
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 First Eagle Alternative Capital BDC's interest coverage with the available data.
First Eagle Alternative Capital BDC's debt to revenue ratio for the quarter that ended in Dec. 2022 was -6.78.
Altman Z-Score does not apply to banks and insurance companies.
First Eagle Alternative Capital BDC 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:
First Eagle Alternative Capital BDC's Interest Expense for the
months ended in Dec. 2022 was $-3.25 Mil. Its Operating Income for the
months ended in Dec. 2022 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $211.60 Mil.
First Eagle Alternative Capital BDC's Interest Coverage for the quarter that ended in Dec. 2022 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
First Eagle Alternative Capital BDC's Debt to Revenue Ratio for the quarter that ended in Dec. 2022 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.
First Eagle Alternative Capital BDC (First Eagle Alternative Capital BDC) Business Description
Traded in Other Exchanges
N/A
Address
500 Boylston Street, Suite 1200, Boston, MA, USA, 02116
First Eagle Alternative Capital BDC Inc is a closed-end investment company which act as a business development company. The company's investment objective is to generate both current income and capital appreciation, primarily through directly originated first lien secured loans, including unitranche investments. It also makes the second lien, subordinated, or mezzanine debt investments, which may include an associated equity component such as warrants, preferred stock or other similar securities and direct equity co-investments.
Executives
| Robert J. Hickey |
10 percent owner |
1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523 |
| Christopher J. Flynn |
director, 10 percent owner, officer: See Remarks |
100 FEDERAL STREET 31ST FLOOR, BOSTON MA 02110 |
| Edward J. Giordano |
other: CFO of the Adviser |
C/O H.I.G. CAPITAL, LLC, 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131 |
| Sabrina Rusnak-carlson |
10 percent owner, officer: See Remarks |
100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110 |
| Jennifer Wilson |
officer: Chief Accounting Officer |
100 WALL STREET, 11TH FLOOR, NEW YORK NY 10005 |
| Terrence W. Olson |
10 percent owner, officer: See Remarks |
C/O THL CREDIT, INC., 100 FEDERAL STREET, 31ST FL, BOSTON MA 02110 |
| Arnhold & S. Bleichroeder Holdings, Inc. |
10 percent owner |
1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
| William Montgomery Cook |
10 percent owner |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| First Eagle Investment Management, Llc |
10 percent owner |
1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
| Sam W. Tillinghast |
10 percent owner |
C/O THL CREDIT, INC., 100 FEDERAL STREET, 31ST FL, BOSTON MA 02110 |
| James R Fellows |
10 percent owner, officer: See Remarks |
100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110 |
| Brian J. Murphy |
10 percent owner |
1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523 |
| Steven F. Krull |
10 percent owner |
1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523 |
| Brian W. Good |
10 percent owner |
1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523 |
| Thlp Debt Partners, L.p. |
10 percent owner |
100 FEDERAL STREET, BOSTON MA 02110 |
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