New Mountain Finance Balance Sheet Health
Financial Health criteria checks 1/6
New Mountain Finance has a total shareholder equity of $1.3B and total debt of $1.8B, which brings its debt-to-equity ratio to 134.1%. Its total assets and total liabilities are $3.2B and $1.8B respectively. New Mountain Finance's EBIT is $285.1M making its interest coverage ratio 2.3. It has cash and short-term investments of $70.1M.
Key information
134.1%
Debt to equity ratio
US$1.79b
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$70.09m |
| Equity | US$1.33b |
| Total liabilities | US$1.83b |
| Total assets | US$3.16b |
Recent financial health updates
Recent updates
New Mountain Finance: 11% Yielding BDC
Mar 24New Mountain Finance: A Smart 9.4% Yield For Trying Times
Sep 16New Mountain Finance declares $0.30 dividend
Aug 09New Mountain Finance: A 10.3% Yield Flying Under The Radar
Jun 25New Mountain Finance: A 9% Yielder To Help You Stay Ahead
Mar 14New Mountain Finance: Why It's Time To Climb This 9.1% Yielder
Dec 19New Mountain Finance: Dividend Stability And Income Tailwinds
Oct 01New Mountain Finance: A 9% Yield Flying Under The Radar
Sep 08New Mountain Finance NII in-line, beats on total investment income
May 05New Mountain Finance extends $50M share repurchase program
Jan 04New Mountain Finance goes ex-dividend tomorrow
Dec 14New Mountain Finance Is Now Smaller, But Stronger
Nov 18New Mountain Finance 2020 Q3 - Results - Earnings Call Presentation
Nov 06Financial Position Analysis
Short Term Liabilities: NMFC's short term assets ($130.8M) do not cover its short term liabilities ($158.5M).
Long Term Liabilities: NMFC's short term assets ($130.8M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: NMFC's net debt to equity ratio (128.8%) is considered high.
Reducing Debt: NMFC's debt to equity ratio has reduced from 137.5% to 134.1% over the past 5 years.
Debt Coverage: NMFC's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: NMFC's interest payments on its debt are not well covered by EBIT (2.3x coverage).