Goldmanchs MLP and Energy Renaissance Fund (Goldmanchs MLP and Energy Renaissance Fund) Financial Strength : 5 (As of Nov. 2022)

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What is Goldmanchs MLP and Energy Renaissance Fund Financial Strength?

Goldmanchs MLP and Energy Renaissance Fund has the Financial Strength Rank of 5.

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 Goldmanchs MLP and Energy Renaissance Fund's interest coverage with the available data. Goldmanchs MLP and Energy Renaissance Fund's debt to revenue ratio for the quarter that ended in Nov. 2022 was 0.89. Altman Z-Score does not apply to banks and insurance companies.

Goldmanchs MLP and Energy Renaissance Fund 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:

Goldmanchs MLP and Energy Renaissance Fund's Interest Expense for the months ended in Nov. 2022 was $-0.49 Mil. Its Operating Income for the months ended in Nov. 2022 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2022 was $27.50 Mil.

Goldmanchs MLP and Energy Renaissance Fund's Interest Coverage for the quarter that ended in Nov. 2022 is

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

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

Goldmanchs MLP and Energy Renaissance Fund's Debt to Revenue Ratio for the quarter that ended in Nov. 2022 is

Debt to Revenue Ratio	=	Total Debt (Q: Nov. 2022 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	27.5)	/	31.016
	=	0.89

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.

Goldmanchs MLP and Energy Renaissance Fund (NYSE:GER) 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.

Goldmanchs MLP and Energy Renaissance Fund has the Financial Strength Rank of 5.

Goldmanchs MLP and Energy Renaissance Fund Financial Strength Related Terms

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Goldmanchs MLP and Energy Renaissance Fund (Goldmanchs MLP and Energy Renaissance Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 West Street, New York, NY, USA, 10282

Website

http://www.gsamfunds.com

Goldman Sachs MLP and Energy Renaissance Fund is a non-diversified, closed-ended management investment company. Its investment objective is to seek a high level of total return with an emphasis on current distributions to shareholders. It invests primarily in the master limited partnership (MLP) and other energy investments.

Executives

Linda Lang	director	C/O JACK IN THE BOX INC, 9330 BALVOA AVE, SAN DIEGO CA 92123
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
Akif Irfan	other: Portfolio Manager	200 WEST STREET, NEW YORK NY 10282
Matthew Cooper	other: Portfolio Manager	200 WEST STREET, NEW YORK NY 10282
Kyri Loupis	other: Portfolio Manager	C/O JULIEN YOO, GOLDMAN SACHS, 200 WEST STREET, NEW YORK NY 10282
John F Killian	director	140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Lawrence Hughes	director	ONE BOSTON PLACE, BOSTON MA 02108-4407
Steven D Krichmar	director	C/O PUTNAM LLC, ONE POST OFFICE SQUARE, BOSTON MA 02109
Cheryl K Beebe	director	CORN PRODUCTS INTERNATIONAL INC, 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Lawrence W Stranghoener	director	2035 KIMBERLY COURT, PLYMOUTH MN 55447
Ganesh Jois	other: Portfolio Manager	200 WEST STREET, NEW YORK NY 10282
Joseph F Dimaria	officer: Principal Accounting Officer	C/O BANK OF AMERICA INVESTMETN ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Ashok N Bakhru	director	C/O GOLDMAN SACHS HEDGE FUND STRATEGIES, 32 OLD SLIP, 9TH FLOOR, NEW YORK NY 10005
Caroline Dorsa	director	BIOGEN INC., 225 BINNEY ST., CAMBRIDGE MA 02142