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Brompton Lifeco Split (TSX:LCS) Financial Strength : 6 (As of Dec. 2023)


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What is Brompton Lifeco Split Financial Strength?

Brompton Lifeco 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 Brompton Lifeco Split's interest coverage with the available data. Brompton Lifeco Split's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00. Altman Z-Score does not apply to banks and insurance companies.

Brompton Lifeco 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:

Brompton Lifeco Split's Interest Expense for the months ended in Dec. 2023 was C$0.00 Mil. Its Operating Income for the months ended in Dec. 2023 was C$0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Brompton Lifeco Split's Interest Coverage for the quarter that ended in Dec. 2023 is

Brompton Lifeco Split had no long-term debt (1).

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

Good Sign:

Brompton Lifeco Split Corp has no debt.

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

Brompton Lifeco Split's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 24.16
=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.

Brompton Lifeco Split  (TSX:LCS) 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.

Brompton Lifeco Split has the Financial Strength Rank of 6.

Brompton Lifeco Split Financial Strength Related Terms

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Brompton Lifeco Split (TSX:LCS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brompton Lifeco Split Corp (TSX:LCS) » Definitions » Financial Strength
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Traded in Other Exchanges
LCS.PR.A.PFD:Canada
Address
181 Bay Street, Bay Wellington Tower, Suite 2930, Box 793, Brookfield Place, Toronto, ON, CAN, M5J 2T3
Website
https://www.bromptongroup.com
Brompton Lifeco Split Corp is a mutual fund corporation based in Canada. It invests in a portfolio comprised of common shares of major publicly traded Canadian life insurance companies. The Fund's objectives in managing its capital are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions and to return the original issue price to the holders of the shares on the maturity date, the terms of which may be extended for periods of up to five years as determined by the Board of Directors, and to provide holders of Class A shares with regular monthly cash distributions targeted to be $0.075 per share and the opportunity for growth in Net Asset Value per share.