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NEUBERGER BERMAN NEW YORK MUNICIPAL FUND has the Financial Strength Rank of 7.
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 NEUBERGER BERMAN NEW YORK MUNICIPAL FUND's interest coverage with the available data. NEUBERGER BERMAN NEW YORK MUNICIPAL FUND's debt to revenue ratio for the quarter that ended in Apr. 2023 was 0.00. 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:
NEUBERGER BERMAN NEW YORK MUNICIPAL FUND's Interest Expense for the months ended in Apr. 2023 was $0.00 Mil. Its Operating Income for the months ended in Apr. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $0.00 Mil.
NEUBERGER BERMAN NEW YORK MUNICIPAL FUND's Interest Coverage for the quarter that ended in Apr. 2023 is
NEUBERGER BERMAN NEW YORK MUNICIPAL FUND had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
NEUBERGER BERMAN NEW YORK MUNICIPAL FUND INC. has no debt.
2. Debt to revenue ratio. The lower, the better.
NEUBERGER BERMAN NEW YORK MUNICIPAL FUND's Debt to Revenue Ratio for the quarter that ended in Apr. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Apr. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 0) | / | 13.222 | |
= | 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.
NEUBERGER BERMAN NEW YORK MUNICIPAL FUND (AMEX:NBO) 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.
NEUBERGER BERMAN NEW YORK MUNICIPAL FUND has the Financial Strength Rank of 7.
Thank you for viewing the detailed overview of NEUBERGER BERMAN NEW YORK MUNICIPAL FUND's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Franklyn E. Smith | director | C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002 |
Ami Kaplan | director | C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002 |
Bradley Tank | other: CEO of Affil. of Inv. Mgr. | C/O LEHMAN BROTHERS ASSET MANAGEMENT, 190 SOUTH LASALLE STREET, CHICAGO IL 60603-3421 |
Stephen Blake Miller | other: Portfolio Manager | C/O NEUBERGER BERMAN LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180 |
James Iselin | other: Portfolio Manager | C/O NEUBERGER BERMAN, 605 THIRD AVENUE, NEW YORK NY 10158-3698 |
Faith Colish | other: Retired Director | C/O NEUBERGER BERMAN MANAGEMENT INC, 605 THIRD AVE, NEW YORK NY 10158-0180 |
James G. Stavridis | director | C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180 |
Deborah C. Mclean | director | C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180 |
Marc Gary | director | C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698 |
Michael J. Cosgrove | director | C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580 |
Brian Patrick Kerrane | officer: Chief Operating Officer | C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158 |
Blue Ridge Investments, L.l.c. | 10 percent owner | ONE BRYANT PARK, NEW YORK NY 10036 |
Bank Of America Na | 10 percent owner | 100 N. TRYON STREET, CHARLOTTE NC 28255 |
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