GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Global X Funds (BSP:BLPA39) » Definitions » Financial Strength

Global X Funds (BSP:BLPA39) Financial Strength : 4 (As of . 20)


View and export this data going back to 2022. Start your Free Trial

What is Global X Funds Financial Strength?

Global X Funds has the Financial Strength Rank of 4.

Warning Sign:

Global X Funds 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.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Global X Funds did not have earnings to cover the interest expense. As of today, Global X Funds's Altman Z-Score is 0.00.


Competitive Comparison of Global X Funds's Financial Strength

For the Asset Management subindustry, Global X Funds'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.


Global X Funds's Financial Strength Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Global X Funds's Financial Strength distribution charts can be found below:

* The bar in red indicates where Global X Funds's Financial Strength falls into.



Global X Funds 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:

Global X Funds's Interest Expense for the months ended in . 20 was R$0.00 Mil. Its Operating Income for the months ended in . 20 was R$0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in . 20 was R$0.00 Mil.

Global X Funds's Interest Coverage for the quarter that ended in . 20 is

Global X Funds had no long-term debt (1).

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

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

Global X Funds's Debt to Revenue Ratio for the quarter that ended in . 20 is

Debt to Revenue Ratio=Total Debt (Q: . 20 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=( + ) / 0
=N/A

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.

Global X Funds has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

* 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.


Global X Funds  (BSP:BLPA39) 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.

Global X Funds has the Financial Strength Rank of 4.


Global X Funds Financial Strength Related Terms

Thank you for viewing the detailed overview of Global X Funds's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Global X Funds (BSP:BLPA39) Business Description

Comparable Companies
Address
605 Third Avenue, 43rd Floor, New York, NY, USA, 10158
Global X Funds is an open-end management investment company. It has one hundred and thirteen portfolios, one hundred and eight of which are operational. Some of the products of the company are, Global X Lithium and Battery Tech ETF, Global X Social Media ETF, and Global X Emerging Markets Internet & E-commerce ETF and others.

Global X Funds (BSP:BLPA39) Headlines

No Headlines