Company Information

  

Address: 1906 TOWNE CENTRE BLVD, SUITE 370  
City: ANNAPOLIS 
State: MD 
Zip Code: 21401 
Telephone: (410) 571-9860 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

We make debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. We focus on providing preferred or senior level capital to established sponsors and high credit quality obligors for assets that generate long-term, recurring and predictable cash flows. We are internally managed and our management team has extensive industry knowledge and experience having completed its first renewable energy financing over 25 years ago and its first energy efficiency financing over 15 years ago. We have deep and long-standing relationships in the markets we target with leading energy service providers, manufacturers, project developers and owners. We originate many of our transactions through programmatic finance relationships with global energy service companies ("ESCOs"), such as Honeywell International, Ingersoll Rand, Johnson Controls, Schneider Electric, Siemens and United Technologies.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20170.540.33042.35
03/20170.390.33051.79
12/20160.320.33059.34
09/20160.280.30083.46
06/20160.270.30080.00
03/20160.210.30091.52
12/20150.210.30090.10
09/20150.190.26090.63

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.02Total Liab/Total Assets0.67
Net Inc/Total Assets0.01Total Liab/Inv Cap1.53
Net Inc/Inv Cap0.02Total Liab/Comm Equity1.77
Pretax Inc/Net Sales8.20Interest Coverage Ratio1.33
Net Inc/Net Sales8.07Curr Debt/Equity1.71
Cash Flow/Net Sales31.31LTD/EquityNA
SG&A/NetSales14.96Total Debt/Equity1.71
Asset Utilization   Liquidity  
Net Receivables Turnover0.00Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E0.01  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 0.69 0.68 0.39 0.77
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 8.80 6.91 6.54 6.32
Operating Income -8.11 -6.23 -6.15 -5.55
Interest Exp 15.36 13.78 12.30 10.64
Pretax Income 12.49 7.27 4.46 3.39
Other Income 27.58 23.12 19.47 18.24
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 12.34 7.20 4.41 3.33

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 719.01 590.36 392.73 396.94
Receivables - Total 1,140.44 1,012.52 1,042.24 872.86
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 298.15 288.60 172.26 165.74
Total Assets 2,288.53 2,043.19 1,745.89 1,556.17
Liabilities        
Accounts Payable 37.56 35.48 25.22 28.02
Debt in Current Liabilities 1,314.26 1,196.31 975.44 966.69
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 1,628.96 1,410.09 1,175.28 1,062.79
Stockholder's Equity        
Minority Interest 3.69 3.70 3.73 3.76
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.52 0.50 0.47 0.42
Retained Earnings -107.26 -102.09 -92.21 -80.87
Treasury Stock NA NA NA NA
Total Stockholders' Equity 659.57 633.10 570.61 493.37
Total Liabilities and Stockholders' Equity 2,288.53 2,043.19 1,745.89 1,556.17

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 8.41 5.24 5.85 40.93
Net Cash Provided by Investing Activities -66.97 -221.83 -125.66 -44.34
Net Cash Provided by Financing Activities 81.33 240.25 69.42 68.59

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20120.250.95--
12/20131.48-10.46-0.68
12/20141.909.610.43
12/20151.457.960.21
12/20161.8214.650.32
Growth Rates63.52----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1718037,93571.48




Report Date : 10/16/2017

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