Highome Securities Fund (Highome Securities Fund) Financial Strength : 8 (As of Aug. 2023)

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What is Highome Securities Fund Financial Strength?

Highome Securities Fund has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

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 Highome Securities Fund's interest coverage with the available data. Highome Securities Fund's debt to revenue ratio for the quarter that ended in Aug. 2023 was 0.00. Altman Z-Score does not apply to banks and insurance companies.

Highome Securities 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:

Highome Securities Fund's Interest Expense for the months ended in Aug. 2023 was $0.00 Mil. Its Operating Income for the months ended in Aug. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.00 Mil.

Highome Securities Fund's Interest Coverage for the quarter that ended in Aug. 2023 is

Highome Securities Fund had no long-term debt ⁽¹⁾.

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

Good Sign:

High Income Securities Fund has no debt.

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

Highome Securities Fund's Debt to Revenue Ratio for the quarter that ended in Aug. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Aug. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	0)	/	9.536
	=	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.

Highome Securities Fund (NYSE:PCF) 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.

Highome Securities Fund has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Highome Securities Fund Financial Strength Related Terms

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Highome Securities Fund (Highome Securities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » High Income Securities Fund (NYSE:PCF) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

615 East Michigan Street, Milwaukee, WI, USA, 53202

Website

https://www.putnam.com

High Income Securities Fund is a closed-end management investment company. Its primary objective is to provide high current income and capital appreciation is the secondary objective. The Fund pursues its objective primarily by investing in both convertible bonds and convertible preferred stocks. The Fund also invests significantly in high-yielding non-convertible securities with the potential for capital appreciation.

Executives

Moritz A Sell	director	C/O USBANCORP FUND SERVICES, 777 E WISCONSIN AVE., MILWAUKEE WI 53202
Phillip Goldstein	director	60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Gerald Hellerman	director	5431 NW 21ST AVE., BOCA RATON FL 33496
Andrew Dakos	director, officer: President	250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Ben H Harris	director	C/O US BANCORP FUND SERVICES, 777 EAST WISCONSIN AVE., MILWAUKEE WI 53202
Stephanie Darling	officer: Chief Compliance Officer	250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Thomas Antonucci	officer: Treasurer	250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Richard Dayan	director	C/O IMPERIAL HOLDINGS, INC., 701 PARK OF COMMERCE BLVD., SUITE 301, BOCA RATON FL 33487
Rajeev P Das	director	250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Investors, Llp Bulldog	10 percent owner	PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Edward Whalen	officer: Chief Human Resources Officer, other: Putnam Investments	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Michael Wands	officer: Head of Global Inv Strategies, other: Putnam Investments	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Anthony Daigle	officer: Portfolio Manager, other: Putnam Investments	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Andra S Bolotin	officer: Chief Financial Officer, other: Putnam Investments	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Manoj P Singh	director	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109