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Sprott Physical Silver Trust Financial Strength

: 8 (As of Mar. 2022)
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Sprott Physical Silver Trust has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Sprott Physical Silver 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 Sprott Physical Silver Trust's interest coverage with the available data. Sprott Physical Silver Trust's debt to revenue ratio for the quarter that ended in Mar. 2022 was 0.00. Altman Z-Score does not apply to banks and insurance companies.


Sprott Physical Silver 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:

Sprott Physical Silver Trust's Interest Expense for the months ended in Mar. 2022 was $0.00 Mil. Its Operating Income for the months ended in Mar. 2022 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $0.00 Mil.

Sprott Physical Silver Trust's Interest Coverage for the quarter that ended in Mar. 2022 is

Sprott Physical Silver Trust had no debt.

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

Good Sign:

Sprott Physical Silver Trust has no debt.

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

Sprott Physical Silver Trust's Debt to Revenue Ratio for the quarter that ended in Mar. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 881.968
=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.


Sprott Physical Silver Trust  (ARCA:PSLV) 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.

Sprott Physical Silver Trust has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.


Sprott Physical Silver Trust Financial Strength Related Terms

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Sprott Physical Silver Trust Business Description

Sprott Physical Silver Trust logo
Traded in Other Exchanges
Address
200 Bay Street, Suite 2600, South Tower, Royal Bank Plaza, Toronto, ON, CAN, M5J 2J1
Sprott Physical Silver Trust is a closed-end mutual fund trust, created to invest and hold substantially all of its assets in physical silver bullion. The Trust seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust achieve its objective by investing mainly in long-term holdings of unencumbered, fully allocated, physical silver bullion and does not speculate with regard to short-term changes in silver prices.
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