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Ecovyst 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.Ecovyst's Interest Coverage for the quarter that ended in Mar. 2024 was 1.11. Ecovyst's debt to revenue ratio for the quarter that ended in Mar. 2024 was 1.39. As of today, Ecovyst's Altman Z-Score is 1.18.
For the Specialty Chemicals subindustry, Ecovyst'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 Chemicals industry and Basic Materials sector, Ecovyst's Financial Strength distribution charts can be found below:
* The bar in red indicates where Ecovyst'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:
Ecovyst's Interest Expense for the months ended in Mar. 2024 was $-13.4 Mil. Its Operating Income for the months ended in Mar. 2024 was $14.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $874.7 Mil.
Ecovyst'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 | * | 14.885 | / | -13.409 | |
= | 1.11 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Ecovyst'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 | |
= | (17.207 | + | 874.666) | / | 642.148 | |
= | 1.39 |
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.
Ecovyst has a Z-score of 1.18, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.18 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.
Ecovyst (NYSE:ECVT) 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.
Ecovyst has the Financial Strength Rank of 5.
Thank you for viewing the detailed overview of Ecovyst's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Feehan | officer: See Remarks | C/O PQ GROUP HOLDINGS INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355 |
Kurt Bitting | officer: See Remarks | C/O PQ GROUP HOLDINGS INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355 |
Ineos Ltd | 10 percent owner | 38 HANS CRESCENT, KNIGHTSBRIDGE, LONDON X0 SW1X 0LZ |
Ccmp Capital, Lp | 10 percent owner | 245 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10167 |
Kyle D Vann | director | 11 HEPPLEWHITE WAY, THE WOODLANDS TX 77382 |
Paul Whittleston | officer: See Remarks | C/O ECOVYST INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355 |
Jonny Ginns | director | C/O PQ GROUP HOLDINGS INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355 |
Robert Coxon | director | C/O PQ GROUP HOLDINGS INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355 |
Vann George L. Jr. | officer: See Remarks | C/O ECOVYST INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355 |
Thomas Schneberger | officer: See Remarks | C/O FMC CORP, 2929 WALNUT STREET, PHILADELPHIA PA 19104 |
Joseph S. Koscinski | officer: See Remarks | C/O PQ GROUP HOLDINGS INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355 |
Sichko William J. Jr. | officer: See Remarks | C/O PQ GROUP HOLDINGS INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355 |
Anna C Catalano | director | 1313 NORTH MARKET STREET, WILMINGTON DE 19894 |
David A. Bradley | director | 15710 JOHN F. KENNDEY BLVD, SUITE 300, HOUSTON TX 77032 |
Kevin Michael Fogarty | director | 30 GRAND GARDEN COURT, THE WOODLANDS TX 77381 |
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