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Saba Capitalome & Opportunities 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.GuruFocus does not calculate Saba Capitalome & Opportunities Fund's interest coverage with the available data. Saba Capitalome & Opportunities Fund's debt to revenue ratio for the quarter that ended in Oct. 2023 was 3.89. Altman Z-Score does not apply to banks and insurance companies.
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:
Saba Capitalome & Opportunities Fund's Interest Expense for the months ended in Oct. 2023 was $-5.67 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 $59.47 Mil.
Saba Capitalome & Opportunities 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.
Saba Capitalome & Opportunities 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 | + | 59.472) | / | 15.284 | |
= | 3.89 |
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.
Saba Capitalome & Opportunities Fund (NYSE:BRW) 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.
Saba Capitalome & Opportunities Fund has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of Saba Capitalome & Opportunities Fund's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Troy M Statczar | officer: Principle Financial Officer | 3 CANAL PLAZA, PORTLAND ME 04101 |
Nitin Sapru | officer: Vice President | 405 LEXINGTON AVE, 58TH FLOOR, NEW YORK NY 10174 |
Michael D'angelo | officer: Secretary | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Patrick J Keniston | officer: Chief Compliance Officer | FORESIDE COMPLIANCE SERVICES, LLC, THREE CANAL PLAZA, SUITE 100, PORTLAND ME 04101 |
Pierre Weinstein | officer: Chief Executive Officer | C/O SABA CAPITAL MANAGEMENT L.P., 405 LEXINGTON AVENUE, 5TH FLOOR, NEW YORK NY 10174 |
Christopher P Sullivan | other: Former Trustee | 27 LEE TERRACE, SHORT HILLS NJ 07078 |
Thomas Bumbolow | director | C/O VOYA PRIME RATE TRUST, 7337 EAST DOUBLETREE RANCH RD., STE 100, SCOTTSDALE AZ 85258 |
Neal Neilinger | director | 126 CLAPBOARD RIDGE ROAD, GREENWICH CT 06830 |
Charles I Clarvit | director | TWO INTERNATIONAL PLACE, BOSTON MA 02110 |
Kieran Goodwin | director | 925 PARK AVENUE 11B, NEW YORK NY 10028 |
Ketu Desai | director | 999 RIVERVIEW DR, SUITE 201, TOTOWA NJ 07512 |
Karen Caldwell | director | 10125 SOUTH BELL AVENUE, CHICAGO IL 60643 |
Aditya Bindal | director | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Andrew Kellerman | director | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
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