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BeWhere Holdings (BeWhere Holdings) Financial Strength : 9 (As of Mar. 2024)


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What is BeWhere Holdings Financial Strength?

BeWhere Holdings has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

BeWhere Holdings Inc 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.

BeWhere Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 15.46. BeWhere Holdings's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.05. As of today, BeWhere Holdings's Altman Z-Score is 9.40.


Competitive Comparison of BeWhere Holdings's Financial Strength

For the Communication Equipment subindustry, BeWhere Holdings'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.


BeWhere Holdings's Financial Strength Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BeWhere Holdings's Financial Strength distribution charts can be found below:

* The bar in red indicates where BeWhere Holdings's Financial Strength falls into.



BeWhere Holdings 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:

BeWhere Holdings's Interest Expense for the months ended in Mar. 2024 was $-0.01 Mil. Its Operating Income for the months ended in Mar. 2024 was $0.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.47 Mil.

BeWhere Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*0.201/-0.013
=15.46

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

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

BeWhere Holdings's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.087 + 0.465) / 10.344
=0.05

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.

BeWhere Holdings has a Z-score of 9.40, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 9.4 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.


BeWhere Holdings  (OTCPK:BEWFF) 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.

BeWhere Holdings has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.


BeWhere Holdings Financial Strength Related Terms

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BeWhere Holdings (BeWhere Holdings) Business Description

Traded in Other Exchanges
Address
2475 Skymark Avenue, Unit 4, Mississauga, ON, CAN, L4W 4Y6
BeWhere Holdings Inc is an internet provider of real-time information on equipment tools, and inventory in transit and at facilities serving the emergency service, construction, utility, and transportation industries. It designs and sells beacons and develops mobile applications, middle-ware, and cloud-based solutions enabling a level of operational visibility that was previously unavailable and cost prohibitive. The company derives revenue from the sale of beacons and their associated software, as well as professional services associated with customizing its products. Its products include Bluetooth Beacons, Gateways, NB-IoT and LTE-M.