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BrandywineGLOBAL - Globalome Opportunities Fund (BrandywineGLOBAL - Globalome Opportunities Fund) Financial Strength : 3 (As of Oct. 2023)


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What is BrandywineGLOBAL - Globalome Opportunities Fund Financial Strength?

BrandywineGLOBAL - Globalome Opportunities Fund has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

BrandywineGLOBAL - Global Income Opportunities Fund Inc displays poor financial strength. Usually, this is caused by too much debt for the company.

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 BrandywineGLOBAL - Globalome Opportunities Fund's interest coverage with the available data. BrandywineGLOBAL - Globalome Opportunities Fund's debt to revenue ratio for the quarter that ended in Oct. 2023 was -7.18. Altman Z-Score does not apply to banks and insurance companies.


BrandywineGLOBAL - Globalome Opportunities 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:

BrandywineGLOBAL - Globalome Opportunities Fund's Interest Expense for the months ended in Oct. 2023 was $-1.84 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 $61.00 Mil.

BrandywineGLOBAL - Globalome 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.

BrandywineGLOBAL - Globalome 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 + 61) / -8.492
=-7.18

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.


BrandywineGLOBAL - Globalome Opportunities Fund  (NYSE:BWG) 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.

BrandywineGLOBAL - Globalome Opportunities Fund has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


BrandywineGLOBAL - Globalome Opportunities Fund Financial Strength Related Terms

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BrandywineGLOBAL - Globalome Opportunities Fund (BrandywineGLOBAL - Globalome Opportunities Fund) Business Description

Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018
BrandywineGLOBAL - Global Income Opportunities Fund Inc is a non-diversified, closed-end management investment company. The primary investment objective is to provide current income. The secondary investment objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its assets in global fixed-income securities.
Executives
Oliveira Marc De officer: Secretary/Chief Legal Officer C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Daniel P Cronin director 235 EAST 42ND ST, NEW YORK NY 10017
Laura F Fergerson other: Manager/Investment Manager 3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
Brian Eakes other: Manager/Investment Manager 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Jed A. Plafker other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Matthew Nicholls other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
George P. Hoyt officer: Secretary and Ch Lgl Officer C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Fred Steven Jensen officer: Chief Compliance Officer LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Gregg Gorman other: Director of Sub-Adviser 100 INTERNATIONAL DRIVE, 8TH FLOOR, BALTIMORE MD 21202
Minnesota Life Insurance Co /bd 10 percent owner 400 N ROBERT ST, ST PAUL MN 55101
Thrivent Financial For Lutherans 10 percent owner 901 MARQUETTE AVENUE, SUITE 2500, MINNEAPOLIS MN 55402-3211
Phillip J. Gass other: SEE FOOTNOTE (4) C/O NASSAU ASSET MANAGEMENT LLC, 1 AMERICAN ROW, HARTFORD CT 06102
Nassau Asset Management Llc 10 percent owner, other: SEE FOOTNOTE (3) 1 AMERICAN ROW, HARTFORD CT 06102
Christopher Berarducci officer: Treas/Principal Finan Officer LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Nisha Kumar director 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103