ASA Gold And Precious Metals (ASA Gold And Precious Metals) Financial Strength : 8 (As of Nov. 2023)

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What is ASA Gold And Precious Metals Financial Strength?

ASA Gold And Precious Metals has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

ASA Gold And Precious Metals Ltd shows strong financial strength.

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 ASA Gold And Precious Metals's interest coverage with the available data. ASA Gold And Precious Metals's debt to revenue ratio for the quarter that ended in Nov. 2023 was 0.00. Altman Z-Score does not apply to banks and insurance companies.

ASA Gold And Precious Metals 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:

ASA Gold And Precious Metals's Interest Expense for the months ended in Nov. 2023 was $0.00 Mil. Its Operating Income for the months ended in Nov. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil.

ASA Gold And Precious Metals's Interest Coverage for the quarter that ended in Nov. 2023 is

ASA Gold And Precious Metals had no long-term debt ⁽¹⁾.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

ASA Gold And Precious Metals Ltd has no debt.

2. Debt to revenue ratio. The lower, the better.

ASA Gold And Precious Metals's Debt to Revenue Ratio for the quarter that ended in Nov. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Nov. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	0)	/	-22.572
	=	0.00

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.

ASA Gold And Precious Metals (NYSE:ASA) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

ASA Gold And Precious Metals has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

ASA Gold And Precious Metals Financial Strength Related Terms

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ASA Gold And Precious Metals (ASA Gold And Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ASA Gold And Precious Metals Ltd (NYSE:ASA) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

Three Canal Plaza, Suite 600, Portland, ME, USA, 04101

Website

https://www.asaltd.com

ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company. Its objective is to provide long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects, or mining of precious metals and minerals.

Executives

Mary Joan Hoene	director	400 S EL CAMINO REAL, STE 710, SAN MATEO CA 94402
Alexander Merk	officer: COO	44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104
Bruce D Hansen	director	1700 LINCOLN STREET, 28TH FLOOR, DENVER CO 80203
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Nancy J. Tyminski	other: Deputy CCO	3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101
William Donovan	director	100 VISTA CIRCLE, APARTMENT 315, PITTSBURGH PA 15238
James E Holman	other: Analyst, Merk Investments, LLC	THREE CANAL PLAZA, SUITE 600, PORTLAND ME 04101
Peter Maletis	officer: President	44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104
Anthony J. Artabane	director	4 LITTLE KINGS LANE, RYE BROOK NY 10573
Zachary R Tackett	officer: Secretary	77 CONGRESS STREET, APT. #1, PORTLAND ME 04101
Gino E Malaspina	officer: Secretary	3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101
Karen Shaw	officer: PFO	3 BUNKER HILL TERRACE, SCARBOROUGH ME 04074
David J Christensen	officer: Vice President - Investments	400 S. EL CAMINO REAL, SUITE 710, SAN MATEO CA 94402
Danielle Kulp	officer: Secretary and Deputy CCO	1409 KUTZ DRIVE, POTTSTOWN PA 19465