What is Finance of America Financial Strength?
Finance of America has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Finance of America Companies Inc 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 Finance of America's interest coverage with the available data.
Finance of America's debt to revenue ratio for the quarter that ended in Dec. 2023 was 30.07.
Altman Z-Score does not apply to banks and insurance companies.
Finance of America 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:
Finance of America's Interest Expense for the
months ended in Dec. 2023 was $-385.1 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25,358.4 Mil.
Finance of America's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Finance of America's Debt to Revenue Ratio for the quarter that ended in Dec. 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.
Finance of America (Finance of America) Business Description
Traded in Other Exchanges
N/A
Address
5830 Granite Parkway, Suite 400, Plano, TX, USA, 75024
Finance of America Companies Inc provides a diverse selection of lending products and services. Its products include home loans, reverse mortgages, commercial loans and lender services. Its operating segments include Mortgage Originations, Reverse Originations, Commercial Originations, Lender Services, and Portfolio Management.
Executives
| Kristen N Sieffert |
officer: President |
C/O FINANCE OF AMERICA COMPANIES INC., 5830 GRANITE PARKWAY, SUITE 400, PLANO TX 75024 |
| Reza Jahangiri |
10 percent owner |
C/O AMERICAN ADVISORS GROUP, INC., 18200 VON KARMAN AVENUE, SUITE 300, IRVINE CA 92612 |
| Bloom Retirement Holdings Inc. |
10 percent owner |
3800 W. CHAPMAN AVENUE, THIRD FLOOR, ORANGE CA 92868 |
| Lauren Richmond |
officer: Chief Legal Officer |
C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039 |
| Blackstone Tactical Opportunities Fund - S - Nq L.p. |
10 percent owner |
C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
| Blackstone Tactical Opportunities Associates - Nq L.l.c. |
10 percent owner |
C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
| Edmond Safra |
10 percent owner |
C/O REPLAY ACQUISITION CORP., 767 FIFTH AVENUE, 46TH FLOOR, NEW YORK NY 10153 |
| D1 Capital Partners L.p. |
10 percent owner |
9 WEST 57TH STREET, 36TH FLOOR, NEW YORK NY 10019 |
| Patricia Cook |
director, officer: Chief Executive Officer |
C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039 |
| Graham Fleming |
officer: President |
C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039 |
| Brian L Libman |
director, 10 percent owner |
CLAYTON HOLDINGS, INC., 2 CORPORATE DRIVE, SHELTON CT 06484 |
| Johan Gericke |
officer: EVP, Chief Financial Officer |
C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039 |
| Blackstone Tactical Opportunities Fund - O - Nq L.p. |
10 percent owner |
C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
| Blackstone Tactical Opportunities Fund - L - Nq L.p. |
10 percent owner |
C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
| Blackstone Tactical Opportunities Fund - N - Nq L.p. |
10 percent owner |
C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
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