Virtus Convertible &ome 2024 Target Term Fund has the Financial Strength Rank of 5.
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 Virtus Convertible &ome 2024 Target Term Fund's interest coverage with the available data.
Virtus Convertible &ome 2024 Target Term Fund's debt to revenue ratio for the quarter that ended in Jan. 2023 was 4.34.
Altman Z-Score does not apply to banks and insurance companies.
Virtus Convertible &ome 2024 Target Term 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:
Virtus Convertible &ome 2024 Target Term Fund's Interest Expense for the
months ended in Jan. 2023 was $-1.42 Mil. Its Operating Income for the
months ended in Jan. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2023 was $69.70 Mil.
Virtus Convertible &ome 2024 Target Term Fund's Interest Coverage for the quarter that ended in Jan. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Virtus Convertible &ome 2024 Target Term Fund's Debt to Revenue Ratio for the quarter that ended in Jan. 2023 is
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.
Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Business Description
Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301
AllianzGI Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and to returns. The group invests in various sectors such as Aerospace and Defense, Healthcare-Services, Machinery-Construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components and others.
Executives
| R Keith Walton |
director |
100 PEARL STREET, HARTFORD CT 06103 |
| Mcdaniel Connie D |
director |
C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103 |
| Christine Hurtsellers |
other: CEO - Subadviser to the issuer |
230 PARK AVENUE, NEW YORK NY 10169 |
| Vincent J Costa |
other: CIO-Subadviser to the issuer |
800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536 |
| Paul Zemsky |
other: CIO-Subadviser to the issuer |
230 PARK AVENUE, NEW YORK NY 10169 |
| Voya Investment Management Co |
other: Subadviser to the issuer |
10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602 |
| Philip R Mcloughlin |
director |
800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536 |
| Brian T Zino |
director |
100 PARK AVENUE, NEW YORK NY 10017 |
| Richard W Smirl |
officer: EVP |
C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103 |
| F Ford Drummond |
director |
100 N BROADWAY, OKLAHOMA CITY OK 73102 |
| Alan Rappaport |
director |
C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660 |
| Bradley William Patrick Iii |
officer: EVP, CFO and Treasurer |
C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115 |
| George R Aylward |
director, officer: President and CEO |
C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103 |
| Francis G Waltman |
officer: EVP |
C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103 |
| Justin Kass |
other: Portfolio Manager |
1345 AVE OF THE AMERICAS, NEW YORK NY 10105 |
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