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Condor Hospitality Trust (Condor Hospitality Trust) Financial Strength : 0 (As of Sep. 2021)


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What is Condor Hospitality Trust Financial Strength?

Condor Hospitality Trust has the Financial Strength Rank of 0.

Warning Sign:

Condor Hospitality Trust Inc 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.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Condor Hospitality Trust's Interest Coverage for the quarter that ended in Sep. 2021 was 0.46. Condor Hospitality Trust's debt to revenue ratio for the quarter that ended in Sep. 2021 was 3.21. As of today, Condor Hospitality Trust's Altman Z-Score is -0.58.


Competitive Comparison of Condor Hospitality Trust's Financial Strength

For the REIT - Hotel & Motel subindustry, Condor Hospitality 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.


Condor Hospitality Trust's Financial Strength Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Condor Hospitality Trust's Financial Strength distribution charts can be found below:

* The bar in red indicates where Condor Hospitality Trust's Financial Strength falls into.



Condor Hospitality 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:

Condor Hospitality Trust's Interest Expense for the months ended in Sep. 2021 was $-2.96 Mil. Its Operating Income for the months ended in Sep. 2021 was $1.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $196.27 Mil.

Condor Hospitality Trust's Interest Coverage for the quarter that ended in Sep. 2021 is

Interest Coverage=-1*Operating Income (Q: Sep. 2021 )/Interest Expense (Q: Sep. 2021 )
=-1*1.377/-2.963
=0.46

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

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

Condor Hospitality Trust's Debt to Revenue Ratio for the quarter that ended in Sep. 2021 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2021 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 196.265) / 61.208
=3.21

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.

Condor Hospitality Trust has a Z-score of -0.58, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -0.58 is in distress zone. This implies bankruptcy possibility in the next two years.

* 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.


Condor Hospitality Trust  (NAS:CDORO.PFD) 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.

Condor Hospitality Trust has the Financial Strength Rank of 0.


Condor Hospitality Trust Financial Strength Related Terms

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Condor Hospitality Trust (Condor Hospitality Trust) Business Description

Traded in Other Exchanges
N/A
Address
1800 West Pasewalk Avenue, Suite 200, Norfolk, NE, USA, 68701
Condor Hospitality Trust Inc is a US-based self-administered real estate investment trust. It is engaged in the investment and ownership of select service, limited service, extended stay and compact full-service hotels. The primary business of the company is owning equity interests in hotel properties. It conducts its business through a traditional umbrella partnership REIT in which the hotel properties are owned by its operating partnership, Condor Hospitality Limited Partnership, and its subsidiaries.

Condor Hospitality Trust (Condor Hospitality Trust) Headlines