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BNY Mellon High Yield Strategies 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.GuruFocus does not calculate BNY Mellon High Yield Strategies Fund's interest coverage with the available data. BNY Mellon High Yield Strategies Fund's debt to revenue ratio for the quarter that ended in Mar. 2024 was 2.08. 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:
BNY Mellon High Yield Strategies Fund's Interest Expense for the months ended in Mar. 2024 was $-2.55 Mil. Its Operating Income for the months ended in Mar. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $79.00 Mil.
BNY Mellon High Yield Strategies Fund's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
BNY Mellon High Yield Strategies Fund's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 79) | / | 37.988 | |
= | 2.08 |
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.
BNY Mellon High Yield Strategies Fund (NYSE:DHF) 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.
BNY Mellon High Yield Strategies Fund has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of BNY Mellon High Yield Strategies Fund's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Irene Papadoulis | other: Director of BNYMIA (1) | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286 |
Bushra Mannan | other: Director of BNYMIA (1) | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286 |
Ping Jiang | other: Dir. of Invest. Oversight (1) | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286 |
Bradley J Skapyak | director | 200 PARK AVENUE, NEW YORK NY 10166 |
Kevin L. Cronk | other: Portfolio Manager | 200 PARK AVENUE, NEW YORK NY 10166 |
Joseph Martella | officer: VP | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10288 |
Daniel Goldstein | officer: VP | 240 GREENWICH STREET, NEW YORK NY 10286 |
Robert J. Pomeroy | officer: VP; Investment Adviser | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286 |
John Squillace | other: CCO; Investment Adviser | 240 GREENWICH STREET, NEW YORK NY 10286 |
Gregory Pasquale | other: CFO; Investment Adviser | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286 |
Joseph S Dimartino | director | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286 |
Kenneth J. Bradle | other: Director of Advisor | 240 GREENWICH STREET, NEW YORK NY 10286 |
Leland Hart | other: Portfolio Manager | 200 PARK AVENUE, NEW YORK NY 10116 |
Amanda Quinn | officer: VP and Asst Secretary | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286 |
Chris E Barris | other: Portfolio Manager | 200 PARK AVENUE, NEW YORK NY 10166 |
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