CCD has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
CCD has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Calamos Dynamic Convertible andome Fund has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Calamos Dynamic Convertible and Income Fund displays poor financial strength. Usually, this is caused by too much debt for the company.
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 Calamos Dynamic Convertible andome Fund's interest coverage with the available data. Calamos Dynamic Convertible andome Fund's debt to revenue ratio for the quarter that ended in Apr. 2024 was 1.50. 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:
Calamos Dynamic Convertible andome Fund's Interest Expense for the months ended in Apr. 2024 was $-7.88 Mil. Its Operating Income for the months ended in Apr. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2024 was $210.00 Mil.
Calamos Dynamic Convertible andome Fund's Interest Coverage for the quarter that ended in Apr. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Calamos Dynamic Convertible andome Fund's Debt to Revenue Ratio for the quarter that ended in Apr. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Apr. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 210) | / | 140.008 | |
= | 1.50 |
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.
Calamos Dynamic Convertible andome Fund (NAS:CCD) 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.
Calamos Dynamic Convertible andome Fund has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Thank you for viewing the detailed overview of Calamos Dynamic Convertible andome Fund's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Erik D. Ojala | officer: VP, Sec'y & Chief Legal Off. | 2020 CALAMOS CT., NAPERVILLE IL 60563 |
Mark Mickey | officer: Chief Compliance Officer | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Susan L Schoenberger | officer: VP and Assistant Secretary | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Northwestern Mutual Life Insurance Co | 10 percent owner | 720 EAST WISCONSIN AVENUE, MILWAUKEE WI 53202 |
Metlife Investment Management, Llc | 10 percent owner | ONE METLIFE WAY, WHIPPANY NJ 07981 |
Thrivent Financial For Lutherans | 10 percent owner | 901 MARQUETTE AVENUE, SUITE 2500, MINNEAPOLIS MN 55402-3211 |
Daniel Dufresne | officer: Vice President | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Stephen Atkins | officer: Treasurer | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
David D Tripple | director | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Christopher M Toub | director | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Karen Stuckey | director | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Dave Vanisko | officer: Treasurer | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Calamos John P Sr | director, officer: Chairman & President | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Calamos Family Partners, Inc. | other: Ultimate Parent of Inv Adviser | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Lloyd Wennlund | director | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.