What is Allspring Utilities and Highome Fund Financial Strength?
Allspring Utilities and Highome Fund has the Financial Strength Rank of 6.
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 Allspring Utilities and Highome Fund's interest coverage with the available data.
Allspring Utilities and Highome Fund's debt to revenue ratio for the quarter that ended in Aug. 2023 was -17.96.
Altman Z-Score does not apply to banks and insurance companies.
Allspring Utilities and Highome 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:
Allspring Utilities and Highome Fund's Interest Expense for the
months ended in Aug. 2023 was $-0.88 Mil. Its Operating Income for the
months ended in Aug. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $30.00 Mil.
Allspring Utilities and Highome Fund's Interest Coverage for the quarter that ended in Aug. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Allspring Utilities and Highome Fund's Debt to Revenue Ratio for the quarter that ended in Aug. 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.
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.
Allspring Utilities and Highome Fund (Allspring Utilities and Highome Fund) Business Description
Traded in Other Exchanges
N/A
Address
1415 Vantage Park Drive, 3rd Floor, Charlotte, NC, USA, 28203
Allspring Utilities and High Income Fund is a diversified closed-end management investment company. Its investment objective is to seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The company's investment portfolio includes direct debt instruments, which are interests in amounts owed to lenders by corporate or other borrowers. It also invests in various industries which includes auto components, hotels, household durables, media, specialty retail, apparel, oil, gas, consumable fuels, industrials, information technology, telecommunication services, financial and healthcare. Its investment advisor is Wells Fargo Funds Management LLC.
Executives
| Jennifer Lea Grunberg |
officer: Chief Compliance Officer |
350 PARK AVENUE, ALLSPRING GLOBAL INVESTMENTS, NEW YORK NY 10022 |
| Paul Werner Felsch |
officer: Chief Complaince Officer |
100 HERITAGE RESERVE, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS WI 53051 |
| Jane A Freeman |
director |
ALLSPRING FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105 |
| Christopher Micah Baker |
officer: Chief Compliance Officer |
ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02356 |
| Karin Brotman |
officer: Chief Compliance Officer |
ALLSPRING GLOBAL INVESTMENTS, 525 MARKET STREET, SAN FRANCISCO CA 94105 |
| Kate Sandman Mckinley |
officer: Chief Compliance Officer |
ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02210 |
| Richard Matthew Prasse |
officer: Secretary |
WELLS FARGO LAW DEPARTMENT, 125 HIGH STREET, FLOOR 13, BOSTON MA 02110-2704 |
| Christopher M Lee |
other: Portfolio Manager |
WELLS CAPITAL MANAGEMENT, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105 |
| Michael Joseph Schueller |
other: Portfolio Manager |
100 HERITAGE RESERVE, 2ND FLOOR, WELLS CAPITAL MANAGEMENT, MENOMONEE FALLS WI 53051-4400 |
| Jack E Spudich |
other: Portfolio Manager |
1 N JEFFERSON AVE, 7TH FLOOR, SAINT LOUIS MT 63103-2205 |
| Kent A Newcomb |
other: Portfolio Manager |
1 N JEFFERSON AVE, 7TH FLOOR, SAINT LOUIS MT 63103-2205 |
| Daniel J. Mavico |
officer: Chief Compliance Officer |
401 S TRYON STREET, FLOOR 2, CHARLOTTE NC 28202-1911 |
| Kevin T. Roskopf |
other: Share Repurchase Committee Mem |
WELLS FARGO ASSET MANAGEMENT, 100 HERITAGE RESERVE, 1ST FLOOR, MENOMONEE FALLS WI 53051-4400 |
| Andrew R Tuttle |
officer: Portfolio Mgr. |
25 RECREATION PARK DRIVE, SUITE 206, HINGHAM MA 02043 |
| William R. Ebsworth |
director |
WELLS FARGO FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105 |
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