GAMCO Global Gold Natural Resources &ome Trust (GAMCO Global Gold Natural Resources &ome Trust) Financial Strength : 8 (As of Jun. 2023)

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What is GAMCO Global Gold Natural Resources &ome Trust Financial Strength?

GAMCO Global Gold Natural Resources &ome Trust has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

GAMCO Global Gold Natural Resources & Income Trust shows strong financial strength.

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 GAMCO Global Gold Natural Resources &ome Trust's interest coverage with the available data. GAMCO Global Gold Natural Resources &ome Trust's debt to revenue ratio for the quarter that ended in Jun. 2023 was 0.00. Altman Z-Score does not apply to banks and insurance companies.

GAMCO Global Gold Natural Resources &ome 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:

GAMCO Global Gold Natural Resources &ome Trust's Interest Expense for the months ended in Jun. 2023 was $0.0 Mil. Its Operating Income for the months ended in Jun. 2023 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.0 Mil.

GAMCO Global Gold Natural Resources &ome Trust's Interest Coverage for the quarter that ended in Jun. 2023 is

GAMCO Global Gold Natural Resources &ome Trust had no long-term debt ⁽¹⁾.

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

Good Sign:

GAMCO Global Gold Natural Resources & Income Trust has no debt.

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

GAMCO Global Gold Natural Resources &ome Trust's Debt to Revenue Ratio for the quarter that ended in Jun. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Jun. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	0)	/	67.346
	=	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.

GAMCO Global Gold Natural Resources &ome Trust (AMEX:GGN) 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.

GAMCO Global Gold Natural Resources &ome Trust has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

GAMCO Global Gold Natural Resources &ome Trust Financial Strength Related Terms

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GAMCO Global Gold Natural Resources &ome Trust (GAMCO Global Gold Natural Resources &ome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GAMCO Global Gold Natural Resources & Income Trust (AMEX:GGN) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

GGN.PRB.PFD:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

GAMCO Global Gold Natural Resources & Income Trust is a non-diversified closed-end management investment company. Its primary investment objective is to provide a high current income and capital appreciation as its secondary objective. To achieve its objective, the fund may invest 80% of its assets in equity securities of companies principally engaged in the gold and natural resources industries. It also intends to earn income through an option strategy of writing (selling) covered call options on equity securities in its portfolio.

Executives

Agnes Mullady	officer: Treasurer	ONE CORPORATE CENTER, RYE NY 10580
Calgary Avansino	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Elizabeth C Bogan	director	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn	director
Mario J Gabelli	other: Control Person of Adviser	191 MASON STREET, GREENWICH CT 06830
Michael J Melarkey	director	ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
Anthony S. Colavita	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Salvatore M Salibello	director	ONE CORPORATE CENTER, RYE NY 10580
Anthonie C Vanekris	director	ONE CORPORATE CENTER, RYE NY 10580
Fahrenkopf Frank J Jr	director	ONE CORPORATE CENTER, RYE NY 10580
Bruce N Alpert	officer: President	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Urso Mario D	director	65 EATON SQUARE, LONDON SW UK X0 041101225