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FBR (FBRC) Financial Strength : 0 (As of Mar. 2017)


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What is FBR Financial Strength?

FBR has the Financial Strength Rank of 0.

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 FBR's interest coverage with the available data. FBR's debt to revenue ratio for the quarter that ended in Mar. 2017 was 0.00. Altman Z-Score does not apply to banks and insurance companies.


FBR 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:

FBR's Interest Expense for the months ended in Mar. 2017 was $-3.8 Mil. Its Operating Income for the months ended in Mar. 2017 was $1.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2017 was $0.0 Mil.

FBR's Interest Coverage for the quarter that ended in Mar. 2017 is

Interest Coverage=-1*Operating Income (Q: Mar. 2017 )/Interest Expense (Q: Mar. 2017 )
=-1*1.318/-3.777
=0.35

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

FBR's Debt to Revenue Ratio for the quarter that ended in Mar. 2017 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2017 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 130.18
=0.00

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.


FBR  (NAS:FBRC) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

FBR has the Financial Strength Rank of 0.


FBR Financial Strength Related Terms

Thank you for viewing the detailed overview of FBR's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


FBR (FBRC) Business Description

Traded in Other Exchanges
N/A
Address
FBR & Co is a full-service investment banking, institutional brokerage and asset management firm with a customer-focused and new approach to meeting its clients' needs. In addition, it makes main investments, including merchant banking investments, with its own capital. The Company has focused its business on providing: capital raising services, including underwriting and placement of public and private equity and debt; financial advisory services, including merger and acquisition advisory, restructuring, recapitalization and strategic alternative analysis; institutional sales and trading services; research coverage; asset management services through a group of proprietary mutual funds, hedge funds and funds of funds; private wealth management services to high net worth individuals, families, foundations, pension funds, endowments and other private entities; and proprietary investment returns to its shareholders through merchant banking and other direct investments that it makes utilizing its own capital. The Company focuses its capital markets business in seven industry sectors: consumer, diversified industrials, energy and natural resources, financial institutions, insurance, real estate, and technology, media and telecommunications. Its business comprises of two segments: capital markets, which includes investment banking, institutional brokerage and research; and principal investing.
Executives
Reena Aggarwal director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Robert J Kiernan officer: Chief Accounting Officer 7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Richard J Hendrix director, officer: President and CEO 1300 NORTH 17TH STREET, ARLINGTON VA 22209
Mark Robert Patterson director 602 UNION STREET, SUITE 2000, SEATTLE WA 98101
Arthur J Reimers director 1300 NORTH 17TH STREET, ARLINGTON VA 22209
William Frederick Strome director 127 INDUSTRY BOULEVARD NORTH HUNTINGDON PA 15642
James C Neuhauser officer: Ex VP 100 NORTH 17TH STREET, ARLINGTON VA 22209
Crestview Offshore Holdings (cayman), L.p. director, 10 percent owner 667 MADISON AVE 1OTH FL, NEW YORK NY 10021
Adam J Klein director C/O CRESTVIEW ADVISORS, 667 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10065
Crestview Partners, L.p. director, 10 percent owner 667 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10021
Crestview Partners Gp, L.p. director, 10 percent owner 667 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10065
Crestview Partners (pf), L.p. director, 10 percent owner C/O CRESTVIEW PARTNERS LP, 667 MADISON AVENUE 10TH FLR, NEW YORK NY 10021
Crestview Holdings (te), L.p. director, 10 percent owner C/O CRESTVIEW PARTNERS GP LP, 667 MADISON AVENUE 10TH FLOOR, NEW YORK NY 10021
Crestview Partners (erisa), L.p. director, 10 percent owner 667 MADISON AVE 10TH FL, NEW YORK NY 10021
Michael Ralph S Iii director