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Korea Fund has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Korea 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.GuruFocus does not calculate Korea Fund's interest coverage with the available data. Korea 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.
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:
Korea 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.
Korea Fund's Interest Coverage for the quarter that ended in Dec. 2023 is
Korea Fund had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Korea Fund Inc has no debt.
2. Debt to revenue ratio. The lower, the better.
Korea Fund's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 0) | / | 19 | |
= | 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.
Korea Fund (NYSE:KF) 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.
Korea Fund has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Thank you for viewing the detailed overview of Korea Fund's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Yan Hu | director | 60 VICTORIA EMBANKMENT, LONDON X0 EC4Y 0JP |
Simon James Crinage | officer: See Remarks | 60 VICTORIA EMBANKMENT, LONDON X0 EC4Y 0JP |
Stephen M Ungerman | officer: Chief Compliance Officer | 270 PARK AVENUE, NEW YORK NY 10017 |
Neil S Martin | officer: See Remarks | 60 VICTORIA EMBANKMENT, LONDON X0 EC4Y0JP |
Jpmorgan Asset Management (asia Pacific) Ltd | other: See Explanation of Response | 8 CONNAUGHT ROAD CENTRAL, 21ST FLOOR, CHATER HOUSE, HONG KONG K3 999077 |
Ayaz Hatim Ebrahim | other: See Explanation of Response | 21/F CHATER HOUSE, 8 CONNAUGHT ROAD CENTRAL, HONG KONG K3 852 |
Carmine Lekstutis | officer: Chief Legal Officer | 4 NEW YORK PLAZA, FLOOR 19, NEW YORK NY 10004 |
Paul Francis Winship | officer: Vice President & Secretary | 60 VICTORIA EMBANKMENT, LONDON X0 EC4Y OJP |
John Wonki Cho | other: See Explanation of Response | 21/F CHATER HOUSE, 8 CONNAUGHT ROAD, CENTRAL K3 HK |
Matthew J Sippel | director | 1633 BROADWAY, NEW YORK NY 10019 |
Chung Jun Yun | other: Portfolio Manager | 1633 BROADWAY, NEW YORK NY 10019 |
Gem Pushpaharan | other: Affiliated Person | 1633 BROADWAY, NEW YORK NY 10019 |
John Viggiano | other: Affiliated Person | 1633 BROADWAY, NEW YORK NY 10019 |
Angela Borreggine | officer: CLO and Secretary | C/O ALLIANZ GLOBAL INVESTORS U.S. LLC, 1633 BROADWAY, NEW YORK NY 10019 |
City Of London Investment Group Plc | 10 percent owner | 77 GRACECHURCH STREET, LONDON X0 EC3V0AS |
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