What is Ares Dynamic Credit Allocation Fund Financial Strength?
Ares Dynamic Credit Allocation Fund 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.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate Ares Dynamic Credit Allocation Fund's interest coverage with the available data.
Ares Dynamic Credit Allocation Fund's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.94.
Altman Z-Score does not apply to banks and insurance companies.
Ares Dynamic Credit Allocation Fund Financial Strength Calculation
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:
Ares Dynamic Credit Allocation Fund's Interest Expense for the
months ended in Dec. 2023 was $-3.96 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $63.54 Mil.
Ares Dynamic Credit Allocation Fund'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.
Ares Dynamic Credit Allocation Fund's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
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.
Ares Dynamic Credit Allocation Fund (Ares Dynamic Credit Allocation Fund) Business Description
Traded in Other Exchanges
N/A
Address
2000 Avenue of the Stars, 12th Floor, Los Angeles, CA, USA, 90067
Ares Dynamic Credit Allocation Fund Inc is a closed-end, diversified management investment company. The fund's investment objective is to provide an attractive level of total return, through current income and, secondarily, through capital appreciation. The Fund invests in a broad, dynamically managed portfolio of senior secured loans (Senior Loans) made to companies whose debt is rated below investment grade; corporate bonds (Corporate Bonds) that are high yield issues rated below investment grade; other fixed-income instruments of a similar nature that may be represented by derivatives; and securities of collateralized loan obligations (CLOs).
Executives
| John Joseph Shaw |
director |
C/O ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
| Elaine Orr |
director |
143 MAGNOLIA AVENUE, MILLBRAE CA 94030 |
| Bruce H Spector |
director |
APOLLO ADVISORS LP, 2 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
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SECOND FLOOR, WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11 |
| Apollo Insurance Solutions Group Lp |
10 percent owner |
2121 ROSECRANS AVE, STE 5300, EL SEGUNDO CA 90245 |
| Athene Annuity & Life Assurance Co |
10 percent owner |
400 BROOKFIELD PARKWAY, GREENVILLE SC 29607 |
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ONE YORK STREET, TORONTO A6 M5J 0B6 |
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10 percent owner |
9 W. 57TH STREET, NEW YORK NY 10019 |
| Apollo Capital Management Gp, Llc |
10 percent owner |
9 WEST 57TH STREET, NEW YORK NY 10019 |
| Apollo Capital Management, L.p. |
10 percent owner |
9 WEST 57TH STREET, NEW YORK NY 10019 |
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