Virtus Convertible &ome Fund II has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Virtus Convertible & Income Fund II 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 Virtus Convertible &ome Fund II's interest coverage with the available data.
Virtus Convertible &ome Fund II's debt to revenue ratio for the quarter that ended in Aug. 2021 was 0.00.
Altman Z-Score does not apply to banks and insurance companies.
Virtus Convertible &ome Fund II 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 Fund II's Interest Expense for the
months ended in Aug. 2021 was $0.0 Mil. Its Operating Income for the
months ended in Aug. 2021 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2021 was $0.0 Mil.
Virtus Convertible &ome Fund II's Interest Coverage for the quarter that ended in Aug. 2021 is
| Virtus Convertible &ome Fund II had no debt. |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Virtus Convertible & Income Fund II has no debt.
2. Debt to revenue ratio. The lower, the better.
Virtus Convertible &ome Fund II's Debt to Revenue Ratio for the quarter that ended in Aug. 2021 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.
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