Allspring Multi-Sectorome 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 Allspring Multi-Sectorome Fund's interest coverage with the available data.
Allspring Multi-Sectorome Fund's debt to revenue ratio for the quarter that ended in Oct. 2023 was -62.96.
Altman Z-Score does not apply to banks and insurance companies.
Allspring Multi-Sectorome 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.
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:
Allspring Multi-Sectorome Fund's Interest Expense for the
months ended in Oct. 2023 was $-3.62 Mil. Its Operating Income for the
months ended in Oct. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $119.00 Mil.
Allspring Multi-Sectorome Fund's Interest Coverage for the quarter that ended in Oct. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Allspring Multi-Sectorome Fund's Debt to Revenue Ratio for the quarter that ended in Oct. 2023 is
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.
Allspring Multi-Sectorome Fund (Allspring Multi-Sectorome Fund) Business Description
Traded in Other Exchanges
N/A
Address
525 Market Street, San Francisco, CA, USA, 94105
Allspring Multi-Sector Income Fund is a closed-end investment management company. The company's core business is to secure a high level of income for its investors consistent with limiting its overall exposure to domestic interest rate risk. It invests in U.S. dollar-denominated below investment-grade bonds, debentures, and other income obligations, including loans and preferred stocks, developed and emerging market debt securities, including obligations of foreign governments or governmental entities, foreign corporations, or supranational agencies denominated in various currencies, asset backed securities and investment grade corporate bonds.
Executives
| Jennifer Lea Grunberg |
officer: Chief Compliance Officer |
350 PARK AVENUE, ALLSPRING GLOBAL INVESTMENTS, NEW YORK NY 10022 |
| Jonathan Crawford |
officer: Chief Compliance Officer |
BOW BELLS HOUSE, 1 BREAD STREET, LONDON X0 EC4M 4BE |
| Paul Werner Felsch |
officer: Chief Complaince Officer |
100 HERITAGE RESERVE, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS WI 53051 |
| Jane A Freeman |
director |
ALLSPRING FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105 |
| Christopher Micah Baker |
officer: Chief Compliance Officer |
ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02356 |
| Karin Brotman |
officer: Chief Compliance Officer |
ALLSPRING GLOBAL INVESTMENTS, 525 MARKET STREET, SAN FRANCISCO CA 94105 |
| Kate Sandman Mckinley |
officer: Chief Compliance Officer |
ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02210 |
| Richard Matthew Prasse |
officer: Secretary |
WELLS FARGO LAW DEPARTMENT, 125 HIGH STREET, FLOOR 13, BOSTON MA 02110-2704 |
| Simon Fj Cockbill |
officer: Chief Compliance Officer |
WELLS FARGO BANK, 33 KING WILLIAM STREET, FLOOR 03, LONDON X0 EC4R 9AT |
| Christopher M Lee |
other: Portfolio Manager |
WELLS CAPITAL MANAGEMENT, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105 |
| Alison Jane Hewitt |
officer: Chief Compliance Officer |
WELLS FARGO BANK, 33 KING WILLIAM STREET, FLOOR 01, LONDON X0 EC4R 9AT |
| Michael Joseph Schueller |
other: Portfolio Manager |
100 HERITAGE RESERVE, 2ND FLOOR, WELLS CAPITAL MANAGEMENT, MENOMONEE FALLS WI 53051-4400 |
| Daniel J. Mavico |
officer: Chief Compliance Officer |
401 S TRYON STREET, FLOOR 2, CHARLOTTE NC 28202-1911 |
| Kevin T. Roskopf |
other: Share Repurchase Committee Mem |
WELLS FARGO ASSET MANAGEMENT, 100 HERITAGE RESERVE, 1ST FLOOR, MENOMONEE FALLS WI 53051-4400 |
| Catherine Jane Ibbotson |
officer: Chief Compliance Officer |
1 PLANTATION PL 30 FENCHURCH ST, LONDON X0 EC3M 3BD |
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ERC has been successfully added to your