Dividend Growth Split (TSX:DGS.PR.A.PFD) Financial Strength : 6 (As of Jun. 2024)

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What is Dividend Growth Split Financial Strength?

Dividend Growth Split has the Financial Strength Rank of 6.

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 Dividend Growth Split's interest coverage with the available data. Dividend Growth Split'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.

Dividend Growth Split 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:

Dividend Growth Split's Interest Expense for the months ended in Jun. 2024 was C$-0.00 Mil. Its Operating Income for the months ended in Jun. 2024 was C$0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil.

Dividend Growth Split's Interest Coverage for the quarter that ended in Jun. 2024 is

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

Good Sign:

Dividend Growth Split Corp has no debt.

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

Dividend Growth Split'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)	/	111.71
	=	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.

Dividend Growth Split (TSX:DGS.PR.A.PFD) 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.

Dividend Growth Split has the Financial Strength Rank of 6.

Dividend Growth Split Financial Strength Related Terms

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Dividend Growth Split Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Dividend Growth Split Corp (TSX:DGS.PR.A.PFD) » Definitions » Financial Strength

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Traded in Other Exchanges

DGS:Canada

Address

181 Bay Street, Brookfield Place, Suite 2930, P.O. Box 793, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3

Website

https://www.bromptongroup.com

Dividend Growth Split Corp is a Canada-based mutual fund corporation. It invests in an equal-weighted portfolio comprised of large-capitalization Canadian equities that have a high dividend growth rate. Its investment objective of the company is to provide holders of preferred shares with fixed, cumulative, preferential quarterly cash distributions to return the original issue price to their holders and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for growth in net asset value per Class A share. Its products include ETFs, Preferred shares, Split shares corps, and Other TSX traded funds.