GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Lazard World Trust Fund (LSE:WTR) » Definitions » Financial Strength

Lazard World Trust Fund (LSE:WTR) Financial Strength : 0 (As of Sep. 2018)


View and export this data going back to 1991. Start your Free Trial

What is Lazard World Trust Fund Financial Strength?

Lazard World Trust Fund has the Financial Strength Rank of 0.

Good Sign:

Lazard World Trust Fund 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 Lazard World Trust Fund's interest coverage with the available data. Lazard World Trust Fund's debt to revenue ratio for the quarter that ended in Sep. 2018 was 0.00. Altman Z-Score does not apply to banks and insurance companies.


Lazard World Trust Fund 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:

Lazard World Trust Fund's Interest Expense for the months ended in Sep. 2018 was £-0.02 Mil. Its Operating Income for the months ended in Sep. 2018 was £0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was £0.00 Mil.

Lazard World Trust Fund's Interest Coverage for the quarter that ended in Sep. 2018 is

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

Good Sign:

Lazard World Trust Fund has no debt.

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

Lazard World Trust Fund's Debt to Revenue Ratio for the quarter that ended in Sep. 2018 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2018 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / -14.648
=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.


Lazard World Trust Fund  (LSE:WTR) 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.

Lazard World Trust Fund has the Financial Strength Rank of 0.


Lazard World Trust Fund Financial Strength Related Terms

Thank you for viewing the detailed overview of Lazard World Trust Fund's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Lazard World Trust Fund (LSE:WTR) Business Description

Traded in Other Exchanges
N/A
Address
State Street Bank Luxembourg S.C.A., 49, Avenue J.F. Kennedy, Luxembourg, LUX, L-1855
Lazard World Trust Fund is an investment company registered in Luxembourg. Its investment objective is to achieve long-term capital appreciation by investing primarily in companies whose shares trade at a discount to the underlying net asset value. The company mainly invests in closed-end funds, investment trusts, holding companies and other companies which are traded internationally. It focuses on providing broad exposure to equity markets through investment in closed-ended funds and quoted companies. The company may use gearing and hedging by holding positions by selling short stock indices, stocks, and shares of exchange traded funds.