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Advent/claymore Enhanced Growth &ome has the Financial Strength Rank of 0.
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.GuruFocus does not calculate Advent/claymore Enhanced Growth &ome's interest coverage with the available data. Advent/claymore Enhanced Growth &ome's debt to revenue ratio for the quarter that ended in Apr. 2018 was 46.46. Altman Z-Score does not apply to banks and insurance companies.
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:
Advent/claymore Enhanced Growth &ome's Interest Expense for the months ended in Apr. 2018 was $-0.54 Mil. Its Operating Income for the months ended in Apr. 2018 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2018 was $35.12 Mil.
Advent/claymore Enhanced Growth &ome's Interest Coverage for the quarter that ended in Apr. 2018 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Advent/claymore Enhanced Growth &ome's Debt to Revenue Ratio for the quarter that ended in Apr. 2018 is
Debt to Revenue Ratio | = | Total Debt (Q: Apr. 2018 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 35.124) | / | 0.756 | |
= | 46.46 |
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.
Advent/claymore Enhanced Growth &ome (NYSE:LCM) 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.
Advent/claymore Enhanced Growth &ome has the Financial Strength Rank of 0.
Thank you for viewing the detailed overview of Advent/claymore Enhanced Growth &ome's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Tony Huang | officer: V.P. & Assistant Secretary | 227 WEST MONROE STREET, CHICAGO IL 60606 |
Gerald L Seizert | director, other: Trustee | 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018 |
Investors, Llp Bulldog | 10 percent owner | PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663 |
Andrew Dakos | 10 percent owner | 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663 |
Steven Samuels | 10 percent owner | 72 COLEYTOWN ROAD, WESTPORT CT 06882 |
Phillip Goldstein | 10 percent owner | 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570 |
Tracy V Maitland | director, officer: Chairman, CEO & President, other: Trustee | 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018 |
Randall C Barnes | director, other: Trustee | 2455 CORPORATE WEST DRIVE, LISLE IL 60187 |
Doug Teresko | other: Managing Director | 1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020 |
Ronald Nyberg | director, other: Trustee | 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018 |
Edward C Delk | officer: CCO & Secy | 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017 |
Michael A Smart | director, other: Trustee | 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018 |
Robert Scott Schwartz | officer: Chief Compliance Officer | 1271 AVENUE OF THE AMERICAS, NEW YORK NY 10002 |
Derek Medina | director, other: Trustee | ABC NEWS, 47 WEST 66TH STREET, NEW YORK NY 100123 |
Richard Rosen | other: Portfolio Manager | 2455 CORPORATE WEST DRIVE, LISLE IL 60532 |
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