What is Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Financial Strength?
Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
GuruFocus does not calculate Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's interest coverage with the available data.
Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's debt to revenue ratio for the quarter that ended in May. 2024 was 12.30.
Altman Z-Score does not apply to banks and insurance companies.
Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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.
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:
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.
Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund (NYSE:MFD) 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.
Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund has the Financial Strength Rank of 4.
Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Financial Strength Related Terms
Thank you for viewing the detailed overview of Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Business Description
Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund is a diversified, closed-end management company. Its objective is to seek a high level of current return consisting of dividends, interest, and other similar income while attempting to preserve capital. The fund seeks to achieve its objective by investing in the securities of companies involved in the management, ownership, and operation of infrastructure and utilities. It also invests in senior secured loans generally considered to be high-yield securities. The company portfolio of investments consists of the investment in the common stocks, master limited partnerships, and senior floating-rate loan interests.
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