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Martin Currie Asia Unconstrained Trust (LSE:MCP) Financial Strength : 0 (As of Mar. 2019)


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What is Martin Currie Asia Unconstrained Trust Financial Strength?

Martin Currie Asia Unconstrained Trust has the Financial Strength Rank of 0.

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 Martin Currie Asia Unconstrained Trust's interest coverage with the available data. Martin Currie Asia Unconstrained Trust's debt to revenue ratio for the quarter that ended in Mar. 2019 was 2.26. Altman Z-Score does not apply to banks and insurance companies.


Martin Currie Asia Unconstrained 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:

Martin Currie Asia Unconstrained Trust's Interest Expense for the months ended in Mar. 2019 was £-0.08 Mil. Its Operating Income for the months ended in Mar. 2019 was £0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2019 was £5.07 Mil.

Martin Currie Asia Unconstrained Trust's Interest Coverage for the quarter that ended in Mar. 2019 is

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

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

Martin Currie Asia Unconstrained Trust's Debt to Revenue Ratio for the quarter that ended in Mar. 2019 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2019 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 5.069) / 2.242
=2.26

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.


Martin Currie Asia Unconstrained Trust  (LSE:MCP) 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.

Martin Currie Asia Unconstrained Trust has the Financial Strength Rank of 0.


Martin Currie Asia Unconstrained Trust Financial Strength Related Terms

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Martin Currie Asia Unconstrained Trust (LSE:MCP) Business Description

Traded in Other Exchanges
N/A
Address
Saltire Court, 20 Castle Terrace, Edinburgh, GBR, EH1 2ES
Martin Currie Asia Unconstrained Trust PLC is an UK-based closed-end investment trust which invests in a diversified portfolio of investments. Its objective is to achieve returns commensurate with Asia ex-Japan nominal GDP growth. The company focuses on investing no more than 10% of the company's total asset value to be invested in any one company; no more than 10% of the issued shares of any class of equity security of an issuer to be held; no more than 15% of the company's assets in the shares and securities of any one company at any time and no more than 5% of the company's NAV to be invested in Martin Currie associated funds. The company may use gearing to enhance the return for shareholders.