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Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso (MIL:QFATL) Financial Strength : 10 (As of Dec. 2023)


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What is Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso Financial Strength?

Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso 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.

Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso has no long-term debt (1). Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00. As of today, Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso's Altman Z-Score is 7.09.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.


Competitive Comparison of Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso's Financial Strength

For the REIT - Diversified subindustry, Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso's Financial Strength Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso's Financial Strength distribution charts can be found below:

* The bar in red indicates where Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso's Financial Strength falls into.



Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso 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:

Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso's Interest Expense for the months ended in Dec. 2023 was €0.00 Mil. Its Operating Income for the months ended in Dec. 2023 was €3.86 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil.

Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso's Interest Coverage for the quarter that ended in Dec. 2023 is

Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso had no long-term debt (1).

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso has enough cash to cover all of its debt. Its financial situation is stable.

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

Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.034 + 0) / 9.62
=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.

Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso has a Z-score of 7.09, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 7.09 is strong.

* 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.


Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso  (MIL:QFATL) 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.

Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.


Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso Financial Strength Related Terms

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Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso (MIL:QFATL) Business Description

Traded in Other Exchanges
N/A
Address
Via Mercadante, 18, Rome, ITA, 00198
Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso is a closed-end real estate investment fund. It operates approximately 7 properties for office use, 1 property for use as a canteen use, and 38 properties for commercial use. It is used by both private and institutional investors.

Atlantic 1 - Fondo Comune di Investimento Immobiliare Chiuso (MIL:QFATL) Headlines

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