BNY Mellon Strategic Municipal Bond 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:
BNY Mellon Strategic Municipal Bond 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 BNY Mellon Strategic Municipal Bond Fund,'s interest coverage with the available data.
BNY Mellon Strategic Municipal Bond Fund,'s debt to revenue ratio for the quarter that ended in Nov. 2023 was 18.94.
Altman Z-Score does not apply to banks and insurance companies.
BNY Mellon Strategic Municipal Bond 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.
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:
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.
BNY Mellon Strategic Municipal Bond Fund, (NYSE:DSM) 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.
BNY Mellon Strategic Municipal Bond 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.
BNY Mellon Strategic Municipal Bond Fund, Financial Strength Related Terms
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BNY Mellon Strategic Municipal Bond Fund, (BNY Mellon Strategic Municipal Bond Fund,) Business Description
BNY Mellon Strategic Municipal Bond Fund, Inc. is a diversified closed-end management investment company. Its investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The company provides access to a diverse global network of world-class investment management boutiques, that deliver investment insight and strategies backed by quality, performance, and client relationships.
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