GURUFOCUS.COM » STOCK LIST » USA » NYSE » Virtus Convertible & Income Fund II (NYSE:NCZ) » Definitions » Financial Strength
Switch to:

Virtus Convertible &ome Fund II Financial Strength

: 8 (As of Aug. 2021)
View and export this data going back to . Start your Free Trial

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

Debt to Revenue Ratio=Total Debt (Q: Aug. 2021 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 31.764
=0.00

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 Fund II  (NYSE:NCZ) 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.

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.


Virtus Convertible &ome Fund II Financial Strength Related Terms

Thank you for viewing the detailed overview of Virtus Convertible &ome Fund II's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Virtus Convertible &ome Fund II Business Description

Virtus Convertible &ome Fund II logo
Traded in Other Exchanges
Address
101 Munson Street, Greenfield, MA, USA, 01301
Virtus AllianzGI Convertible & Income Fund II is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of capital appreciation and high current income. Its portfolio of investments includes different sector investments such as in the healthcare services, media, oil, gas and consumable fuels and others.
Executives
Decotis Deborah A director 1633 BROADWAY NEW YORK NY 10019
Yee Michael officer: Portfolio Manager C/O ALLIANZ EQUITY ADVISORS 1345 AVE OF THE AMERICAS NEW YORK NY 10105
Oberto David J. officer: Portfolio Manager 1633 BROADWAY NEW YORK NY 10019
Zino Brian T director 100 PARK AVENUE NEW YORK NY 10017
Macleod James S director 250 E KILBOURN AVE MILWAUKEE WI 53202
Smirl Richard W officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC. ONE FINANCIAL PLAZA HARTFORD CT 06103
Drummond F Ford director 100 N BROADWAY OKLAHOMA CITY OK 73102
Rappaport Alan director C/O PIMCO 650 NEWPORT CENTER DRIVE NEWPORT BEACH CA 92660
Waltman Francis G officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC. 100 PEARL STREET HARTFORD CT 06103
Aylward George R director, officer: President and CEO C/O VIRTUS INVESTMENT PARTNERS, INC. 100 PEARL STREET HARTFORD CT 06103
Bradley William Patrick Iii officer: EVP, CFO and Treasurer C/O VIRTUS INVESTMENT PARTNERS, INC. 56 PROSPECT STREET HARTFORD CT 06115
Mcloughlin Philip R director 800 SCUDDERS HILL ROAD PLAINSBORO NJ 08536
Pushpaharan Gem other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Viggiano John other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Ubs Group Ag 10 percent owner BAHNHOFSTRASSE 45 ZURICH V8 CH-8001
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)