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Flaherty & Crumrine Total Return Fund has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Flaherty & Crumrine Total Return Fund Inc displays poor financial strength. Usually, this is caused by too much debt for the company.
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 Flaherty & Crumrine Total Return Fund's interest coverage with the available data. Flaherty & Crumrine Total Return Fund's debt to revenue ratio for the quarter that ended in Nov. 2023 was 5.44. 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:
Flaherty & Crumrine Total Return Fund's Interest Expense for the months ended in Nov. 2023 was $-3.69 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 $118.50 Mil.
Flaherty & Crumrine Total Return Fund's Interest Coverage for the quarter that ended in Nov. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Flaherty & Crumrine Total Return Fund'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 | + | 118.5) | / | 21.792 | |
= | 5.44 |
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.
Flaherty & Crumrine Total Return Fund (NYSE:FLC) 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.
Flaherty & Crumrine Total Return Fund has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Thank you for viewing the detailed overview of Flaherty & Crumrine Total Return Fund's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert F Wulf | director | 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101 |
Karen Hanovice Hogan | director | 301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101 |
Chad Conwell | officer: VP & Asst. Compliance Officer | 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101 |
Bradford S Stone | officer: Vice President, Asst Treasurer | 47 MAPLE ST. SUITE 403, SUMMIT NJ 07901 |
Robert M Ettinger | officer: President | 301 E COLORADO BLVD STE 720, PASADENA CA 91101 |
Bank Of America Corp /de/ | 10 percent owner | BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255 |
Merrill Lynch, Pierce, Fenner & Smith Inc. | 10 percent owner | 4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080 |
Merrill Lynch & Co., Inc. | 10 percent owner | 4 WORLD FINANCIAL CTR, NEW YORK NY 10080 |
Stanley Morgan | 10 percent owner | 1585 BROADWAY, NEW YORK NY 10036 |
Christopher Douglas Ryan | officer: Vice President | 310 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101 |
Laurie C Lodolo | officer: Asst CCO, Asst Treas, Asst Sec | 301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101 |
Flaherty & Crumrine Inc | other: Investment Adviser | 301 E. COLORADO BLVD, SUITE 720, PASADENA CA 91101 |
Peter C Stimes | officer: VP, CFO, Chief Accounting Off. | 301 E COLORADO BLVD STE 720, PASADENA CA 91101 |
Donald F Crumrine | director, officer: Chief Executive Officer | 301 E COLORADO BLVD STE 720, PASADENA CA 91101 |
Robert E Chadwick | officer: VP, Secretary, Asst. Treasurer | 301 E COLORADO BLVD STE 720, PASADENA CA 91101 |
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