Putnam Premierome Trust (Putnam Premierome Trust) Financial Strength : 7 (As of Jan. 2024)

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What is Putnam Premierome Trust Financial Strength?

Putnam Premierome Trust has the Financial Strength Rank of 7.

Good Sign:

Putnam Premier Income Trust 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 Putnam Premierome Trust's interest coverage with the available data. Putnam Premierome Trust's debt to revenue ratio for the quarter that ended in Jan. 2024 was 0.00. Altman Z-Score does not apply to banks and insurance companies.

Putnam Premierome Trust 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:

Putnam Premierome Trust's Interest Expense for the months ended in Jan. 2024 was $0.00 Mil. Its Operating Income for the months ended in Jan. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil.

Putnam Premierome Trust's Interest Coverage for the quarter that ended in Jan. 2024 is

Putnam Premierome Trust had no long-term debt ⁽¹⁾.

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

Good Sign:

Putnam Premier Income Trust has no debt.

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

Putnam Premierome Trust's Debt to Revenue Ratio for the quarter that ended in Jan. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Jan. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	0)	/	36.47
	=	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.

Putnam Premierome Trust (NYSE:PPT) 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.

Putnam Premierome Trust has the Financial Strength Rank of 7.

Putnam Premierome Trust Financial Strength Related Terms

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Putnam Premierome Trust (Putnam Premierome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Putnam Premier Income Trust (NYSE:PPT) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Federal Street, Boston, MA, USA, 02110

Website

https://www.putnam.com

Putnam Premier Income Trust is a Massachusetts business trust operating as a non-diversified closed-end management investment company. The fund is currently operating as a diversified fund. Its investment objective is to seek high current income consistent with the preservation of capital by allocating its investments to the U.S. government sector.

Executives

Stephen R Denny	officer: Head HR- Diversity & Inclusion, other: Putnam Investments	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Manoj P Singh	director	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Michael V Salm	officer: Portfolio Manager/Putnam.Inv.	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Carlo Forcione	officer: Head of Product and Strategy, other: Putnam Investments	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Catherine Saunders	officer: Head,Corporate Sustainability, other: and Public Policy - Putnam Inv	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Mona Sutphen	director	777 HIDDEN RIDGE, IRVING TX 75038
Jennifer Murphy	director	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Marie Pillai	director	C/O PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Jacquelyn S Vanderbrug	officer: Headof Sustainability Strategy, other: Putnam Investments	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Brendan T Murray	officer: Head of Global Inv. Strategies, other: Putnam Investments	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Alan Mccormack	officer: Vice President and, other: Derivatives Risk Manager	PUTNAM INVESTMENTS, 16 ST. JAMES'S STREET, LONDON X0 SW1A 1ER
Martin Lemaire	officer: Vice President and, other: Derivatives Risk Manager	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Steven P Mckay	officer: Head of Global DCIO, other: Putnam Investments	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Kaitlin May	officer: Head of Global Institutional, other: Management /Putnam Investments	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Stephen J Tate	officer: General Counsel, other: Chief Legal Officer/Putnam Inv	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110