Sound Point Meridian Capital, Inc.
Sound Point Meridian Capital, LLC operates as a closed-end management investment company in the United States. It focuses on investing primarily in equity and mezzanine tranches of collateralized loan obligations, which are collateralized by portfolios consisting primarily of below-investment grade U.S. senior secured loans. The company was founded in 2022 and is based in New York, New York.
Sound Point Meridian Capital, Inc. (SPMA) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2024: -0.287x
Based on the latest financial reports, Sound Point Meridian Capital, Inc. (SPMA) has a cash flow conversion efficiency ratio of -0.287x as of September 2024.
Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-113.67 Million) by net assets ($396.39 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Sound Point Meridian Capital, Inc. - Cash Flow Conversion Efficiency Trend (2023–2023)
This chart illustrates how Sound Point Meridian Capital, Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Sound Point Meridian Capital, Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Sound Point Meridian Capital, Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Orlen SA
PR:ORLEN
|
N/A |
|
Kure Technologies Inc
OTCGREY:UBSBF
|
0.010x |
|
Resolute Resources Ltd.
V:RRL
|
N/A |
|
EL Ezz Aldekhela Steel - Alexandria
EGX:IRAX
|
N/A |
|
Mydecine Innovations Group Inc
PINK:MYCOF
|
-0.003x |
|
GAS NATURAL SDG - Dusseldorf Stock Exchang
DU:GAN
|
0.043x |
|
Handeni Gold Inc
PINK:HNDI
|
0.097x |
|
Bentley Capital Ltd
AU:BEL
|
-0.088x |
Annual Cash Flow Conversion Efficiency for Sound Point Meridian Capital, Inc. (2023–2023)
The table below shows the annual cash flow conversion efficiency of Sound Point Meridian Capital, Inc. from 2023 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $294.17 Million | $-106.38 Million | -0.362x | -- |