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CPI Aerostructures 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.CPI Aerostructures's Interest Coverage for the quarter that ended in Dec. 2023 was 2.42. CPI Aerostructures's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.27. As of today, CPI Aerostructures's Altman Z-Score is 1.10.
For the Aerospace & Defense subindustry, CPI Aerostructures'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.
For the Aerospace & Defense industry and Industrials sector, CPI Aerostructures's Financial Strength distribution charts can be found below:
* The bar in red indicates where CPI Aerostructures's Financial Strength falls into.
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:
CPI Aerostructures's Interest Expense for the months ended in Dec. 2023 was $-0.64 Mil. Its Operating Income for the months ended in Dec. 2023 was $1.55 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $20.77 Mil.
CPI Aerostructures's Interest Coverage for the quarter that ended in Dec. 2023 is
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
= | -1 | * | 1.545 | / | -0.639 | |
= | 2.42 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
CPI Aerostructures's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (4.444 | + | 20.767) | / | 94.012 | |
= | 0.27 |
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.
CPI Aerostructures has a Z-score of 1.10, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.1 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.
CPI Aerostructures (AMEX:CVU) 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.
CPI Aerostructures has the Financial Strength Rank of 5.
Thank you for viewing the detailed overview of CPI Aerostructures's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Pamela Levesque | director | 91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717 |
Richard C Rosenjack | director | C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312 |
Paul Packer | 10 percent owner | C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004 |
Richard S Caswell | director | C/O CPI AEROSTRUCTURES, INC., 91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717 |
Terry Dean Stinson | director | C/O LENNOX INTERNATIONAL INC., 2140 LAKE PARK BOULEVARD, RICHARDSON TX 75080-2254 |
Dorith Hakim | director, officer: CEO and President | C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE - 11TH FLOOR, NEW YORK NY 10174 |
Bond E Carey | director | 3210 CYPRESS MARSH DRIVE, FORT MYERS FL 33905 |
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Walter Paulick | director | 30 TERRY PL, RIVERHEAD NY 11901 |
Eric Rosenfeld | director | 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017 |
Andrew L Davis | officer: Chief Financial Officer | C/O EMERSON RADIO CORP., 3 UNIVERSITY PLAZA, SUITE 405, HACKENSACK NJ 07601 |
Thomas E Powers | officer: Acting Chief Financial Officer | C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312 |
Dan Azmon | officer: Chief Financial Officer | 600 THIRD AVENUE, NEW YORK NY 10016 |
Janet Katherine Cooper | director | 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420 |
Awm Investment Company, Inc. | 10 percent owner | 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022 |
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