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Ether Capital (Ether Capital) Financial Strength : 10 (As of Mar. 2024)


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What is Ether Capital Financial Strength?

Ether Capital has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Ether Capital Corp 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.

Ether Capital has no long-term debt (1). Ether Capital's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00. As of today, Ether Capital's Altman Z-Score is 6.03.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.


Competitive Comparison of Ether Capital's Financial Strength

For the Asset Management subindustry, Ether Capital'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.


Ether Capital's Financial Strength Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ether Capital's Financial Strength distribution charts can be found below:

* The bar in red indicates where Ether Capital's Financial Strength falls into.



Ether Capital 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:

Ether Capital's Interest Expense for the months ended in Mar. 2024 was $0.00 Mil. Its Operating Income for the months ended in Mar. 2024 was $0.60 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Ether Capital's Interest Coverage for the quarter that ended in Mar. 2024 is

Ether Capital had no long-term debt (1).

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

Good Sign:

Ether Capital Corp has no debt.

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

Ether Capital'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 + 0) / 5.34
=0.00

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.

Ether Capital has a Z-score of 6.03, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 6.03 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.


Ether Capital  (OTCPK:DTSRF) 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.

Ether Capital has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.


Ether Capital Financial Strength Related Terms

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Ether Capital (Ether Capital) Business Description

Traded in Other Exchanges
Address
130 Adelaide Street West, Suite 3100, 31st Floor, Toronto, ON, CAN, M5H 3P5
Ether Capital Corp is a Canada based technology company focused on becoming the central business and investment hub for the Ethereum ecosystem. Its portfolio includes Ether which is the native Ethereum crypto-asset and is the commodity-like fuel used to access the Ethereum network and broadcast transactions; MakerDao which is a decentralized credit platform built on Ethereum in which collateral is leveraged to produce a stable coin; and Wyre which is a cryptocurrency exchange and technology platform based in San Francisco that is focused on building compliant fiat-to-crypto on and off ramps.

Ether Capital (Ether Capital) Headlines