Income Financial Trust (TSX:INC.UN) Financial Strength : 7 (As of Jun. 2024)

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What is Income Financial Trust Financial Strength?

Income Financial Trust has the Financial Strength Rank of 7.

Good Sign:

Income Financial Trust shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

GuruFocus does not calculate Income Financial Trust's interest coverage with the available data. Income Financial Trust'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.

Income Financial Trust 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:

Income Financial Trust'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.

Income Financial Trust's Interest Coverage for the quarter that ended in Jun. 2024 is

Income Financial Trust had no long-term debt ⁽¹⁾.

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

Good Sign:

Income Financial Trust has no debt.

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

Income Financial Trust'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)	/	5.202
	=	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.

Income Financial Trust (TSX:INC.UN) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Income Financial Trust has the Financial Strength Rank of 7.

Income Financial Trust Financial Strength Related Terms

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Income Financial Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Income Financial Trust (TSX:INC.UN) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Front Street West, Suite 2510, Toronto, ON, CAN, M5V 3K2

Website

https://www.quadravest.com

Income Financial Trust is a mutual fund trust. It is managed by Quadravest Capital Management Inc. The trust's investment objective is to provide unitholders with a stable stream of monthly distributions by investing in a diversified portfolio consisting of common shares issued by corporations whose shares are included in the S&P/TSX Capped Financials Index, the S&P 500 Financials Index, or the S&P MidCap 400 Financials Index.