Mesabi Trust has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Mesabi 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.
Mesabi Trust has no long-term debt (1).
Mesabi Trust's debt to revenue ratio for the quarter that ended in Oct. 2023 was 0.00.
As of today, Mesabi Trust's Altman Z-Score is 31.07.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison
For the Steel subindustry, Mesabi Trust's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mesabi Trust Financial Strength Distribution
For the Steel industry and Basic Materials sector, Mesabi Trust's Financial Strength distribution charts can be found below:
* The bar in red indicates where Mesabi Trust's Financial Strength falls into.
Mesabi 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:
Mesabi Trust's Interest Expense for the
months ended in Oct. 2023 was $0.00 Mil. Its Operating Income for the
months ended in Oct. 2023 was $4.66 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil.
Mesabi Trust's Interest Coverage for the quarter that ended in Oct. 2023 is
| Mesabi Trust had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Mesabi Trust has no debt.
2. Debt to revenue ratio. The lower, the better.
Mesabi Trust's Debt to Revenue Ratio for the quarter that ended in Oct. 2023 is
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.
Mesabi Trust has a Z-score of 31.07, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 31.07 is strong.
* 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.
Mesabi Trust (Mesabi Trust) Business Description
Traded in Other Exchanges
N/A
Address
c/o Deutsche Bank Trust Company Americas Trust & Agency Services, 1 Columbus Circle, 17th Floor, New York, NY, USA, 10019
Mesabi Trust operates as a royalty trust in the United States. The company involves in the conservation and protection of the assets held. Its principally wholly-owned segment is iron ore mining segment and it generates income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The principal assets of the firm consist of two different interests in certain properties in the Mesabi Iron Range and beneficial interest in the Mesabi Land Trust.
Executives
| Robin M. Radke |
other: Trustee of Mesabi Trust |
C/O DEUTSCHE BANK TRUST COMPANY AMERICAS, 60 WALL STREET, 16TH FLOOR, NEW YORK NY 10005 |
| Michael P Mlinar |
other: Trustee of Mesabi Trust |
444 WEST ANOKA STREET, DULUTH MN 55803 |
| Robert C. Berglund |
other: Trustee |
P.O. BOX 351, CORONA NM 88318 |
| James A Ehrenberg |
other: Trustee |
295 KOPP DRIVE, WEST ST. PAUL MN 55118 |
Mesabi Trust (Mesabi Trust) Headlines
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