New Mountain Finance Corporation

New Mountain Finance Corporationverified

NMFC

Price:

$12.21

Market Cap:

$1.32B

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in “defensive growth” industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes and mezzanine securities. In some cases, its investments may also include equity interests. It targets energy, specialty chemicals and materials, trading companies and distributors, commercial printing, diversified support services, education services, environmenta...[Read more]

Industry

Asset Management

IPO Date

2011-05-20

Stock Exchange

NASDAQ

Ticker

NMFC

The Current Ratio as of September 2024 (TTM) for New Mountain Finance Corporation (NMFC) is 0.64

According to New Mountain Finance Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.64. This represents a change of -25.61% compared to the average of 0.87 of the last 4 quarters.

New Mountain Finance Corporation (NMFC) Historical Current Ratio (quarterly & annually)

How has NMFC Current Ratio performed in the past?

The mean historical Current Ratio of New Mountain Finance Corporation over the last ten years is 1.96. The current 0.64 Current Ratio has changed 3.19% with respect to the historical average. Over the past ten years (40 quarters), NMFC's Current Ratio was at its highest in in the June 2022 quarter at 12.57. The Current Ratio was at its lowest in in the March 2020 quarter at 0.02.

Quarterly (TTM)
Annual

Average

1.96

Median

0.29

Minimum

0.06

Maximum

7.91

New Mountain Finance Corporation (NMFC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of New Mountain Finance Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 7.91

Minimum Annual Increase = -94.45%

Minimum Annual Current Ratio = 0.06

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.44-94.45%
20227.91125.11%
20213.5228.03%
20202.75-37.81%
20194.423.86%
20180.11-21.57%
20170.142.91%
20160.1470.22%
20150.0826.22%
20140.06Infinity%

New Mountain Finance Corporation (NMFC) Average Current Ratio

How has NMFC Current Ratio performed in the past?

The current Current Ratio of New Mountain Finance Corporation (NMFC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

3.96

5-year avg

3.81

10-year avg

1.96

New Mountain Finance Corporation (NMFC) Current Ratio vs. Peers

How is NMFC’s Current Ratio compared to its peers?

New Mountain Finance Corporation’s Current Ratio is less than BlackRock TCP Capital Corp. (9.19), less than Carlyle Secured Lending, Inc. (2.83), greater than Sixth Street Specialty Lending, Inc. (0.18), less than WhiteHorse Finance, Inc. (2.15), less than Fidus Investment Corporation (1.97), less than Golub Capital BDC, Inc. (5.50), less than TriplePoint Venture Growth BDC Corp. (3.68),

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