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Guggenheim Active Allocation 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 Guggenheim Active Allocation Fund's interest coverage with the available data. Guggenheim Active Allocation Fund's debt to revenue ratio for the quarter that ended in May. 2024 was 2.10. 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:
Guggenheim Active Allocation Fund's Interest Expense for the months ended in May. 2024 was $-4.23 Mil. Its Operating Income for the months ended in May. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was $166.42 Mil.
Guggenheim Active Allocation Fund's Interest Coverage for the quarter that ended in May. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Guggenheim Active Allocation Fund's Debt to Revenue Ratio for the quarter that ended in May. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: May. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 166.421) | / | 79.376 | |
= | 2.10 |
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.
Guggenheim Active Allocation Fund (NYSE:GUG) 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.
Guggenheim Active Allocation Fund has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of Guggenheim Active Allocation Fund's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Angela Brock-kyle | director, other: Trustee | 3700 COLONNADE PARKWAY, BIRMINGHAM AL 35243 |
Toupin Ronald E Jr | director, other: Trustee | 117 ASHLAND AVENUE, RIVER FOREST IL 60305 |
Randall C Barnes | director, other: Trustee | 2455 CORPORATE WEST DRIVE, LISLE IL 60187 |
Ronald Nyberg | director, other: Trustee | 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018 |
Sandra G Sponem | director, other: Trustee | 800 NICOLLET MALL, J1012057, MINNEAPOLIS MN 55402-7020 |
William Rehder | officer: Assistant Vice President | 227 W MONROE STREET, CHICAGO IL 60606 |
B. Scott Minerd | other: Chief Inv. Officer of Adviser | 2455 CORPORATE WEST DRIVE, LISLE IL 60532 |
Guggenheim Funds Investment Advisors, Llc | other: Investment Adviser | 227 WEST MONROE STREET, CHICAGO IL 60606 |
Guggenheim Partners Investment Management, Llc | other: Investment Adviser Affiliate | 100 WILSHIRE BOULEVARD, 5TH FLOOR, SANTA MONICA CA 90401 |
Hollowell Iii Orenzo Perry | other: Portfolio Manager | 330 MADISON AVENUE, NEW YORK NY 10017 |
Anne Bookwalter Walsh | other: Managing Dir. to Subadvisor | 2455 CORPORATE WEST DRIVE, LISLE IL 60532 |
Bryan Stone | officer: Vice President | 2455 CORPORATE WEST DRIVE, LISLE IL 60532 |
Steven H. Brown | other: Portfolio Manager | 227 WEST MONROE STREET, 49TH FLOOR, CHICAGO IL 60606 |
Glenn Mcwhinnie | officer: Assistant Treasurer | 227 W. MONROE STREET, CHICAGO IL 60606 |
Adam Bloch | other: portfolio manager | 2455 CORPORATE WEST DRIVE, LISLE IL 60532 |
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