abrdn Globalome Fund (abrdn Globalome Fund) Financial Strength : 4 (As of Oct. 2023)

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What is abrdn Globalome Fund Financial Strength?

abrdn Globalome 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 abrdn Globalome Fund's interest coverage with the available data. abrdn Globalome Fund's debt to revenue ratio for the quarter that ended in Oct. 2023 was 20.15. Altman Z-Score does not apply to banks and insurance companies.

abrdn Globalome 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:

abrdn Globalome Fund's Interest Expense for the months ended in Oct. 2023 was $-0.64 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 $20.35 Mil.

abrdn Globalome 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.

abrdn Globalome Fund's Debt to Revenue Ratio for the quarter that ended in Oct. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Oct. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	20.35)	/	1.01
	=	20.15

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.

abrdn Globalome Fund (AMEX:FCO) 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.

abrdn Globalome Fund has the Financial Strength Rank of 4.

abrdn Globalome Fund Financial Strength Related Terms

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abrdn Globalome Fund (abrdn Globalome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » abrdn Global Income Fund Inc (AMEX:FCO) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Market Street, Suite 200, Philadelphia, PA, USA, 19103

Website

https://www.abrdnfco.com

abrdn Global Income Fund Inc is a closed-end, non-diversified management investment company. The Fund's principal investment objective is to provide high current income by investing predominantly in fixed-income securities. As a secondary investment objective, the Fund seeks capital appreciation, but only when consistent with its principal investment objective. It invests in Government Bonds & Corporate Bonds, and its investments are divided into three categories, Developed Markets, Investment Grade Developing Markets, and Sub-Investment Grade Developing Markets.

Executives

Peter Branner	other: Director of Sub-Adviser	C/O ABRDN, 1900 MARKET STREET, PHILADELPHIA PA 19103
Xavier Meyer	other: Director of Sub-Adviser	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Katie Lynn Gebauer	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Katherine A. Corey	officer: Vice President	1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Ai Hua Aik	other: Director of Investment Manager	1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Moritz A Sell	director	C/O USBANCORP FUND SERVICES, 777 E WISCONSIN AVE., MILWAUKEE WI 53202
Grant Thomas Hotson	other: Director of Sub-Adviser	1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Heather Hasson	officer: Vice President	C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Brian Kordeck	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Michael Marsico	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Robert W. Hepp	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Andrew Wonil Kim	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Radhika Ajmera	director	1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Neil Andrew Slater	other: Director of Sub-Adviser	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Stephen Bird	director	388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10022