What is Logan Ridge Finance Financial Strength?
Logan Ridge Finance 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:
Logan Ridge Finance 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 Logan Ridge Finance's interest coverage with the available data.
Logan Ridge Finance's debt to revenue ratio for the quarter that ended in Mar. 2024 was 9.31.
Altman Z-Score does not apply to banks and insurance companies.
Logan Ridge Finance 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:
Logan Ridge Finance's Interest Expense for the
months ended in Mar. 2024 was $-2.01 Mil. Its Operating Income for the
months ended in Mar. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $114.14 Mil.
Logan Ridge Finance's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Logan Ridge Finance's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
Logan Ridge Finance (Logan Ridge Finance) Business Description
Traded in Other Exchanges
Address
650 Madison Avenue, 23rd Floor, New York, NY, USA, 10022
Logan Ridge Finance Corp an externally managed non-diversified closed-end management investment company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company offers customized financing to business owners, management teams and financial sponsors for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.
Executives
| Jennifer Kwon Chou |
director |
C/O THE GORES GROUP, 9800 WILSHIRE BOULEVARD, BEVERLY HILLS CA 90212 |
| Patrick Schafer |
officer: Chief Investment Officer |
650 MADISON AVENUE, NEW YORK NY 10022 |
| Brandon Satoren |
officer: See Remarks |
650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022 |
| Edward J. Goldthorpe |
director, officer: CEO and President |
650 MADISON AVENUE, NEW YORK NY 10022 |
| Jason T Roos |
officer: CFO, Treasurer and Secretary |
23 SPRINGHURST ROAD, BEDFORD HILLS NY 10507 |
| David Held |
officer: Chief Compliance Officer |
650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022 |
| George Grunebaum |
director |
C/O ASHMORE INVESTMENT MANAGEMENT LTD., 61 ALDWYCH, LONDON X0 WC2B 4AE |
| Alexander Duka |
director |
650 MADISON AVENUE, NEW YORK NY 10022 |
| Robert Herman Warshauer |
director |
8 GOLDEN POND ROAD, WEST HARRISON NY 10604 |
| Larry W. Carroll |
director |
C/O PARK STERLING BANK, 1043 EAST MOREHEAD STREET, SUITE 201, CHARLOTTE NC 28204 |
| Alala Joseph B Iii |
director, officer: See Remarks |
C/O CAPITALA FINANCE CORP., 4201 CONGRESS STREET, SUITE 360, CHARLOTTE NC 28209 |
| Richard Wheelahan |
officer: Chief Compliance Officer |
C/O CAPITALA FINANCE CORP., 4201 CONGRESS STREET, SUITE 360, CHARLOTTE NC 28209 |
| Kevin A. Koonts |
officer: Chief Accounting Officer |
4201 CONGRESS STREET, SUITE 360, CHARLOTTE NC 28209 |
| Stephen A. Arnall |
officer: Chief Financial Officer |
C/O PARK STERLING BANK, 1043 EAST MOREHEAD STREET, SUITE 201, CHARLOTTE NC 28204 |
| Markham Hunt Broyhill |
director |
800 HICKORY BLVD. SW, LENOIR NC 28645 |
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