GGZ (The Gabelli Global Small and Mid Cap Value Trust) Financial Strength : 8 (As of Jun. 2024)

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What is The Gabelli Global Small and Mid Cap Value Trust Financial Strength?

The Gabelli Global Small and Mid Cap Value Trust has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

The Gabelli Global Small and Mid Cap Value Trust 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.

GuruFocus does not calculate The Gabelli Global Small and Mid Cap Value Trust's interest coverage with the available data. The Gabelli Global Small and Mid Cap Value Trust's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.00. Altman Z-Score does not apply to banks and insurance companies.

The Gabelli Global Small and Mid Cap Value 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:

The Gabelli Global Small and Mid Cap Value Trust's Interest Expense for the months ended in Jun. 2024 was $-0.40 Mil. Its Operating Income for the months ended in Jun. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil.

The Gabelli Global Small and Mid Cap Value Trust's Interest Coverage for the quarter that ended in Jun. 2024 is

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

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

The Gabelli Global Small and Mid Cap Value Trust's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Jun. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	0)	/	-1.66
	=	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.

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.

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) 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.

The Gabelli Global Small and Mid Cap Value Trust has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

The Gabelli Global Small and Mid Cap Value Trust Financial Strength Related Terms

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The Gabelli Global Small and Mid Cap Value Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

The Gabelli Global Small and Mid Cap Value Trust is a diversified closed-ended management investment company whose investment objective is long-term capital growth. It invests in equity securities such as common stock and preferred stock of companies.

Executives

John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Kevin V. Dreyer	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Calgary Avansino	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
John Birch	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Mario J Gabelli	director, other: Control Person of Adviser	191 MASON STREET, GREENWICH CT 06830
James P Conn	director
Bruce N Alpert	officer: President	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Anthony S. Colavita	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
Agnes Mullady	officer: Treasurer	ONE CORPORATE CENTER, RYE NY 10580
Fahrenkopf Frank J Jr	director	ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
Anthony J Colavita	director	ONE CORPORATE CENTER, RYE NY 10580