DUFF & PHELPS UTILITYRPORATE BOND TRUST (DUFF & PHELPS UTILITYRPORATE BOND TRUST) Financial Strength : 0 (As of Oct. 2020)

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What is DUFF & PHELPS UTILITYRPORATE BOND TRUST Financial Strength?

DUFF & PHELPS UTILITYRPORATE BOND TRUST 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.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate DUFF & PHELPS UTILITYRPORATE BOND TRUST's interest coverage with the available data. DUFF & PHELPS UTILITYRPORATE BOND TRUST's debt to revenue ratio for the quarter that ended in Oct. 2020 was 4.31. Altman Z-Score does not apply to banks and insurance companies.

DUFF & PHELPS UTILITYRPORATE BOND TRUST 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:

DUFF & PHELPS UTILITYRPORATE BOND TRUST's Interest Expense for the months ended in Oct. 2020 was $-0.55 Mil. Its Operating Income for the months ended in Oct. 2020 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2020 was $105.00 Mil.

DUFF & PHELPS UTILITYRPORATE BOND TRUST's Interest Coverage for the quarter that ended in Oct. 2020 is

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

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

DUFF & PHELPS UTILITYRPORATE BOND TRUST's Debt to Revenue Ratio for the quarter that ended in Oct. 2020 is

Debt to Revenue Ratio	=	Total Debt (Q: Oct. 2020 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	105)	/	24.388
	=	4.31

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.

DUFF & PHELPS UTILITYRPORATE BOND TRUST (NYSE:DUC) 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.

DUFF & PHELPS UTILITYRPORATE BOND TRUST has the Financial Strength Rank of 0.

DUFF & PHELPS UTILITYRPORATE BOND TRUST Financial Strength Related Terms

Thank you for viewing the detailed overview of DUFF & PHELPS UTILITYRPORATE BOND TRUST's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.

DUFF & PHELPS UTILITYRPORATE BOND TRUST (DUFF & PHELPS UTILITYRPORATE BOND TRUST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » DUFF & PHELPS UTILITY & CORPORATE BOND TRUST INC (NYSE:DUC) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 South Wacker Drive, Suite 500, Chicago, IL, USA, 60606

Website

https://www.dpimc.com

DUFF & PHELPS UTILITY & CORPORATE BOND TRUST INC is a diversified, closed-end management investment company. Its investment objective is to seek high current income consistent with investing in securities of investment-grade quality.

Executives

George W Karpus	other: See Explanation of Responses
Grumhaus David D Jr.	other: Officer of Investment Adviser	200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Hoffman Clifford W. Jr.	director	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 E. WACKER DR., CHICAGO IL 60606
William J Renahan	officer: VP and Secretary	399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Donald C Burke	director	C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Eileen A Moran	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Robert J Genetski	director	195 N. HARBOR DR, SUITE 4903, CHICAGO IL 60601
Merrill Lynch, Pierce, Fenner & Smith Inc.	10 percent owner	4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Eric Elvekrog	other: Officer of Adviser	200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Daniel Petrisko	officer: VP and CIO	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Michael A Angerthal	other: Director of the Adviser	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Stewart E Conner	director
Duckworth Connie K	director	EIGHT WINGS ENTERPRISES, 77 STONE AGTE LANE, LAKE FOREST IL 60045