NEW GERMANY FUND has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
NEW GERMANY FUND INC shows strong financial strength.
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 NEW GERMANY FUND's interest coverage with the available data.
NEW GERMANY FUND's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
Altman Z-Score does not apply to banks and insurance companies.
NEW GERMANY 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:
NEW GERMANY FUND's Interest Expense for the
months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.
NEW GERMANY FUND's Interest Coverage for the quarter that ended in Dec. 2023 is
| NEW GERMANY FUND had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
NEW GERMANY FUND INC has no debt.
2. Debt to revenue ratio. The lower, the better.
NEW GERMANY FUND's Debt to Revenue Ratio for the quarter that ended in Dec. 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.
NEW GERMANY FUND (NEW GERMANY FUND) Business Description
Traded in Other Exchanges
N/A
Address
875 Third Avenue, New York, NY, USA, 10022-6225
NEW GERMANY FUND INC is the United States based non-diversified, closed-end management investment company. As the investment objective, the fund seeks long-term capital appreciation through investment in middle market German equities. The fund's portfolio of investment includes investment in different sectors such as the industrials, information technology, material, consumer discretionary, Communication Services, Financials, Consumer Staples, Real Estate, Utilities, healthcare, Energy and others. Its portfolio is geographically diversified across the Netherlands, Germany, and Italy.
Executives
| Bernhard Koepp |
director |
C/O ANJIE LAROCCA-LEWIS, DWS, 875 THIRD AVENUE, NEW YORK NY 10022 |
| Christopher Pleister |
director |
C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 10005 |
| Juan Barriobero |
other: Deputy Portfolio Manager |
C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022 |
| Daniel Hann |
other: Deputy Portfolio Manager |
C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022 |
| Alexander Lippert |
other: Deputy Portfolio Manager |
C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022 |
| Holger Hatje |
director |
C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022 |
| Fiona Flannery |
director |
C/O ANJIE LAROCCA-LEWIS, DWS, 875 THIRD AVENUE, NEW YORK NY 10022 |
| Leon A Cappel |
other: Deputy Portfolio Manager |
C/O ANJIE LAROCCA-LEWIS, DWS, 875 THIRD AVENUE, NEW YORK NY 10022 |
| Walter C. Dostmann |
director |
C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 10005 |
| Christian Rijs |
officer: AML Compliance Officer |
C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022 |
| Helen Delman |
other: Section 16 Officer |
C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022 |
| Michelle S. Goveia |
officer: AML Compliance Officer |
C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 10005 |
| Christian Zugel |
director |
TWO BRIDGE AVENUE, SUITE 322, RED HOOK NJ 07701 |
| Alyssa Asbury |
officer: Assistant Secretary |
C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022 |
| Wolfgang Helmut Leoni |
director |
C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 10005 |
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