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FS Credit Opp has the Financial Strength Rank of 4.
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.GuruFocus does not calculate FS Credit Opp's interest coverage with the available data. FS Credit Opp's debt to revenue ratio for the quarter that ended in Dec. 2023 was 1.53. Altman Z-Score does not apply to banks and insurance companies.
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:
FS Credit Opp's Interest Expense for the months ended in Dec. 2023 was $-22.6 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 $390.0 Mil.
FS Credit Opp'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.
FS Credit Opp's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 390) | / | 255.6 | |
= | 1.53 |
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.
FS Credit Opp (NYSE:FSCO) 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.
FS Credit Opp has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of FS Credit Opp's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Hughes Philip E Jr | director | 3936 NETHERFIELD ROAD, PHILADELPHIA PA 19129 |
Della Clark | director | 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112 |
Fsh Seed Capital Vehicle I Llc | other: Investment Adviser Affiliate | 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112 |
Franklin Square Holdings, L.p. | other: Investment Adviser Affiliate | 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112 |
David J. Adelman | other: Investment Adviser Affiliate | CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867 |
Michael C. Forman | director, officer: Chief Executive Officer | CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867 |
Nix Robert N.c. Iii | director | C/O FS INVESTMENT CORPORATION III, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104 |
Keith Bethel | director | C/O ARAMARK, 2400 MARKET STREET, PHILADELPHIA PA 19103 |
Guardian Life Insurance Co Of America | 10 percent owner | 10 HUDSON YARDS, NY NY 10001 |
Gallivan Edward T Jr | officer: Chief Financial Officer | C/O FS ENERGY AND POWER FUND, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104 |
Hans Nicholas Heilbut | other: Investment Committee Member | C/O FS INVESTMENTS, 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112 |
Michael John Kelly | other: Investment Committee Member | 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112 |
David Weiser | other: Investment Committee Member | 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112 |
Andrew Beckman | other: Investment Committee Member | C/O FS INVESTMENTS, 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112 |
Sean K Coleman | other: Investment Committee Member | C/O FRANKLIN SQUARE CAPITAL PARTNERS, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104 |
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