What is New Concept Energy Financial Strength?
New Concept Energy has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
New Concept Energy 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.
New Concept Energy has no long-term debt (1).
New Concept Energy's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, New Concept Energy's Altman Z-Score is 34.81.
(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 New Concept Energy's Financial Strength
For the Real Estate Services subindustry, New Concept Energy'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.
New Concept Energy's Financial Strength Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, New Concept Energy's Financial Strength distribution charts can be found below:
* The bar in red indicates where New Concept Energy's Financial Strength falls into.
New Concept Energy 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:
New Concept Energy's Interest Expense for the
months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.
New Concept Energy's Interest Coverage for the quarter that ended in Dec. 2023 is
| New Concept Energy had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
New Concept Energy Inc has no debt.
2. Debt to revenue ratio. The lower, the better.
New Concept Energy's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
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.
New Concept Energy has a Z-score of 34.81, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 34.81 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.
New Concept Energy (New Concept Energy) Business Description
Traded in Other Exchanges
N/A
Address
1603 Lyndon B Johnson Freeway, Suite 800, Dallas, TX, USA, 75234
New Concept Energy Inc is a United States-based company engaged in Real Estate Operations. The company owns approximately 190 acres of land located in Parkersburg, West Virginia. It operates in one segment, which is real estate rental.
Executives
| Realty Advisors Inc |
10 percent owner |
1603 LBJ FREEWAY, SUITE 300, DALLAS TX 75234 |
| Mintbroker International, Ltd. |
10 percent owner |
ELIZABETH AVE. & BAY STREET, NASSAU C5 N-8340 |
| International Health Products, Inc. |
10 percent owner |
2010 VALLEY VIEW LANE, SUITE 250, DALLAS TX 75234 |
| Gene S Bertcher |
director, officer: President and CEO |
1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234 |
| Syntek West Inc |
10 percent owner |
1800 VALLEY VIEW LANE SUITE 100, DALLAS TX 75234 |
| Syntek Acquisition Corp. |
10 percent owner |
1755 WITTINGTON, DALLAS TX 75234 |
| Smith Oscar Wilbur Jr |
officer: Vice President & Secretary |
16302 ARBOR DOWNS DRIVE, DALLAS TX 75248 |
| Victor Lund |
director, 10 percent owner |
818 NE 87TH AVE, VANCOUVER WA 98664 |
| Hks Investment Corp |
10 percent owner |
26632 TOWNE CENTRE DRIVE #220, FOOTHILL RANCH CA 92610 |
| Ron Finley |
director, officer: Chief Executive Officer |
1755 WITTINGTON PLACE, SUITE 340, DALLAS TX 75234 |
| Warrick Summit Square Inc |
10 percent owner |
BOX 1398, ADDISON TX 75001 |
| James E Huffstickler |
director |
|
| Beadle Roz Campisi |
director |
14185 DALLAS PARKWAY SUITE 650, DALLAS TX 75254 |
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