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Miller/Howard Highome Equity Fund has the Financial Strength Rank of 4.
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 Miller/Howard Highome Equity Fund's interest coverage with the available data. Miller/Howard Highome Equity Fund's debt to revenue ratio for the quarter that ended in Oct. 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:
Miller/Howard Highome Equity Fund's Interest Expense for the months ended in Oct. 2023 was $-0.28 Mil. Its Operating Income for the months ended in Oct. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil.
Miller/Howard Highome Equity Fund's Interest Coverage for the quarter that ended in Oct. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Miller/Howard Highome Equity Fund's Debt to Revenue Ratio for the quarter that ended in Oct. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Oct. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 0) | / | -8.392 | |
= | 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.
Miller/Howard Highome Equity Fund (NYSE:HIE) 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.
Miller/Howard Highome Equity Fund has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of Miller/Howard Highome Equity Fund's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Paul Charles Kazarian | director | C/O SABA CAPITAL MANAGEMENT, L.P., 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
James E Hillman | director | 10 DIXON AVENUE, WOODSTOCK NY 12498 |
Eva M Horowitz | officer: Secretary | 45 PINE GROVE AVENUE, SUITE 301, KINGSTON NY 12401 |
Sacco Mayra | director | 10 DIXON AVE, WOODSTOCK NY 12498 |
Catherine Mari Johnston | director, officer: President | 10 DIXON AVE, WOODSTOCK NY 12498 |
Dana Troxell | officer: President | C/O MILLER/HOWARD HIGH EQUITY INCOME FND, P.O. BOX 549, WOODSTOCK NY 12498 |
Lowell Miller | officer: Chief Executive Officer | PO BOX 549, WOODSTOCK NY 12498 |
Roger Conrad | director | 3516 HALCYON DRIVE, ALEXANDRIA VA 22305 |
Charles I Leone | director | C/O US WIRELESS DATA INC, 805 THIRD AVENUE, NEW YORK NY 10022 |
Paul Brook | officer: Chief Compliance Officer | MILLER/HOWARD HIGH EQUITY INCOME FUND, P.O. BOX 549, WOODSTOCK NY 12498 |
Helen Hamada | officer: Chief Financial Officer | PO BOX 549, WOODSTOCK NY 12498 |
Annemarie Gilly | officer: Chief Operating Officer | PO BOX 549, WOODSTOCK NY 12498 |
Leslie John E Iii | officer: Vice President | MILLER/HOWARD HIGH EQUITY INCOME FUND, P.O. BOX 549, WOODSTOCK NY 12498 |
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