New Mountain Finance (NMFC) Debt Ratio (2021 - 2026)
New Mountain Finance's (NMFC) Debt Ratio was 0.32 for Q2 2026, up 3.6% from 0.31 a year earlier and unchanged from the prior quarter.
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Analysis
New Mountain Finance (NMFC) Debt Ratio (2021 - 2026) Analysis & Trends
For FY2025, Debt Ratio at New Mountain Finance was 0.34, up 13.3% from FY2024.
- Debt Ratio has increased for four consecutive years.
- By year, Debt Ratio came in at 0.30 in FY2024 (+88.0%), 0.16 in FY2023 (+1.2%), 0.16 in FY2022 (+2.1%) and 0.16 in FY2021.
- Five-year quarterly Debt Ratio spans a low of 0.12 in Q2 2023 and a high of 0.34 in Q4 2025.
- Year over year, Debt Ratio has now increased in each of the last 11 quarters, with growth averaging 45.8% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q3 2024 (growth of 143.8%); the low point was Q3 2023 (a decline of 24.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.32 (Q1 2026), 0.34 (Q4 2025) and 0.32 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | 0.27 |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | 0.35 |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | 0.45 |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | - |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | 0.21 |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | 0.06 |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | 0.04 |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | 0.24 |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | New Mountain Finance | 662.11 Mn | 408.41 Mn | - | 0.32 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.32 |
| Mar 31, 2026 | 0.32 |
| Dec 31, 2025 | 0.34 |
| Sep 30, 2025 | 0.32 |
| Jun 30, 2025 | 0.31 |
| Mar 31, 2025 | 0.31 |
| Dec 31, 2024 | 0.30 |
| Sep 30, 2024 | 0.29 |
| Jun 30, 2024 | 0.20 |
| Mar 31, 2024 | 0.21 |
| Dec 31, 2023 | 0.16 |
| Sep 30, 2023 | 0.12 |
| Jun 30, 2023 | 0.12 |
| Mar 31, 2023 | 0.13 |
| Dec 31, 2022 | 0.16 |
| Sep 30, 2022 | 0.16 |
| Dec 31, 2021 | 0.16 |
API Access
New Mountain Finance Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NMFC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NMFC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NMFC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();