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GURUFOCUS.COM > STOCK LIST > Financial Services > Asset Management > Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) > Definitions > Financial Strength
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Virtus Dividend, Interest & Premium Strategy Fund Financial Strength

: 7 (As of Jan. 2022)
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Virtus Dividend, Interest & Premium Strategy Fund has the Financial Strength Rank of 7.

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 Dividend, Interest & Premium Strategy Fund's interest coverage with the available data. Virtus Dividend, Interest & Premium Strategy Fund's debt to revenue ratio for the quarter that ended in Jan. 2022 was 0.00. Altman Z-Score does not apply to banks and insurance companies.


Virtus Dividend, Interest & Premium Strategy 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 Dividend, Interest & Premium Strategy Fund's Interest Expense for the months ended in Jan. 2022 was $0.0 Mil. Its Operating Income for the months ended in Jan. 2022 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2022 was $0.0 Mil.

Virtus Dividend, Interest & Premium Strategy Fund's Interest Coverage for the quarter that ended in Jan. 2022 is

Virtus Dividend, Interest & Premium Strategy Fund had no debt.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Virtus Dividend, Interest & Premium Strategy Fund has no debt.

2. Debt to revenue ratio. The lower, the better.

Virtus Dividend, Interest & Premium Strategy Fund's Debt to Revenue Ratio for the quarter that ended in Jan. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Jan. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / -29.12
=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 Dividend, Interest & Premium Strategy Fund  (NYSE:NFJ) 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 Dividend, Interest & Premium Strategy Fund has the Financial Strength Rank of 7.


Virtus Dividend, Interest & Premium Strategy Fund Financial Strength Related Terms

Thank you for viewing the detailed overview of Virtus Dividend, Interest & Premium Strategy Fund's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Virtus Dividend, Interest & Premium Strategy Fund Business Description

Virtus Dividend, Interest & Premium Strategy Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301
Virtus Dividend, Interest & Premium Strategy Fund is a Massachusetts-based business trust. Its primary investment objective is to seek current income and gains, with a secondary objective of long-term capital appreciation. The fund pursues its investment objectives by investing in a diversified portfolio of dividend-paying common stocks and income-producing convertible securities.
Executives
Mowrey John R. other: Portfolio Manager 1633 BROADWAY NEW YORK NY 10019
Oliver Thomas W Jr other: Affiliated Person 2121 SAN JACINTO DRIVE DALLAS TX 75201
Pushpaharan Gem other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Viggiano John other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Cogan Sarah E director 1633 BROADWAY NEW YORK NY 10019
Macleod James S director 250 E KILBOURN AVE MILWAUKEE WI 53202
Parker Jeffrey D other: See Remarks 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105
Holt Erick director 1633 BROADWAY NEW YORK NY 10019
Ruckman Craig officer: Assistant Secretary 1633 BROADWAY NEW YORK NY 10019
Rappaport Alan director C/O PIMCO 650 NEWPORT CENTER DRIVE NEWPORT BEACH CA 92660
Magnuson Paul A other: Portfolio Manager 2121 SAN JACINTO, SUITE 1840 DALLAS TX 75201
Mildner Heiko other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Thompson Kathleen C. other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Fischer Ben J other: Portfolio Manager 1633 BROADWAY NEW YORK NY 10019
Grau William other: SEE REMARKS C/O ALLIANZ GLOBAL INVESTORS U.S. LLC 1633 BROADWAY NEW YORK NY 10019
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