What is Hero Technologies Financial Strength?
Hero Technologies has the Financial Strength Rank of 0.
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.
Hero Technologies has no long-term debt (1).
As of today, Hero Technologies's Altman Z-Score is 0.00.
(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 Hero Technologies's Financial Strength
For the Drug Manufacturers - Specialty & Generic subindustry, Hero Technologies'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.
Hero Technologies's Financial Strength Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Hero Technologies's Financial Strength distribution charts can be found below:
* The bar in red indicates where Hero Technologies's Financial Strength falls into.
Hero Technologies 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:
Hero Technologies's Interest Expense for the
months ended in Sep. 2023 was $0.00 Mil. Its Operating Income for the
months ended in Sep. 2023 was $-0.41 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.
Hero Technologies's Interest Coverage for the quarter that ended in Sep. 2023 is
| Hero Technologies had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Hero Technologies's Debt to Revenue Ratio for the quarter that ended in Sep. 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.
Hero Technologies has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy 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.
Hero Technologies (Hero Technologies) Business Description
Traded in Other Exchanges
N/A
Address
8 The Green, Suite 4000, Dover, DE, USA, 19901
Hero Technologies Inc is a cannabis company with a vertically integrated business model and plan that includes cannabis genetic engineering, farmland for medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, retail operations, and dispensaries. It focuses on two principal segments of the cannabis industry, cultivation, and the dispensary business model, including combinations.
Executives
| Gina L. Serkasevich |
officer: CFO and Treasurer |
310 COMMONS TRAIL LANE, HUFFMAN TX 77336 |
| Keith Elliott Macdonald |
director |
203 HERITAGE PLAVE, CALGARY A0 T3Z 3P3 |
| K James Ebeling |
director |
3726 WICKERSHAM LANE, HOUSTON TX 77027 |
| James Douglas Brown |
director, 10 percent owner, officer: Secretary |
11200 WESTHEIMER, SUITE 200, HOUSTON TX 77042 |
| Holloman Value Holdings, Llc |
10 percent owner |
333 NORTH SAM HOUSTON PARKWAY EAST, SUITE 600, HOUSTON TX 77060 |
| Robert Wesolek |
officer: Chief Financial Officer |
|
| Mark E. Stevenson |
director, officer: Secretary |
8225 SAN DIEGO ST., ODESSA TX 79765 |
| Eric C Prim |
director |
4901 POLO PARKWAY, MIDLAND TX 79705 |
| Grant M Petersen |
officer: Chief Executive Officer |
1027 DAVIE ST., SUITE 482, VANCOUVER A1 V4E 1N9 |
| Holloman Corp |
other: Affiliate |
5257 WEST INTERSTATE 20, PO BOX 69410, ODESSA TX 79769 |
| Holloman Oil & Gas Ltd. |
10 percent owner |
88 FORREST STREET, UNITS 8-9, COTTESLOE C3 6011 |
| David R Lewis |
director |
11115 EAST MONTGOMERY DRIVE, SUITE G, SPOKANE VALLEY WA 99206 |
Hero Technologies (Hero Technologies) Headlines
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