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Bettermoo(d) Food (Bettermoo(d) Food) Financial Strength : 3 (As of Jan. 2024)


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What is Bettermoo(d) Food Financial Strength?

Bettermoo(d) Food has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Bettermoo(d) Food Corp displays poor financial strength. Usually, this is caused by too much debt for the company.

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.

Bettermoo(d) Food has no long-term debt (1). As of today, Bettermoo(d) Food's Altman Z-Score is -78.16.

(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 Bettermoo(d) Food's Financial Strength

For the Packaged Foods subindustry, Bettermoo(d) Food'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.


Bettermoo(d) Food's Financial Strength Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bettermoo(d) Food's Financial Strength distribution charts can be found below:

* The bar in red indicates where Bettermoo(d) Food's Financial Strength falls into.



Bettermoo(d) Food 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:

Bettermoo(d) Food's Interest Expense for the months ended in Jan. 2024 was $0.00 Mil. Its Operating Income for the months ended in Jan. 2024 was $-1.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil.

Bettermoo(d) Food's Interest Coverage for the quarter that ended in Jan. 2024 is

Bettermoo(d) Food 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.

Bettermoo(d) Food's Debt to Revenue Ratio for the quarter that ended in Jan. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Jan. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.064 + 0) / 0
=N/A

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.

Bettermoo(d) Food has a Z-score of -78.16, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -78.16 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.


Bettermoo(d) Food  (OTCPK:MOOOF) 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.

Bettermoo(d) Food has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


Bettermoo(d) Food Financial Strength Related Terms

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Bettermoo(d) Food (Bettermoo(d) Food) Business Description

Traded in Other Exchanges
Address
1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5
Bettermoo(d) Food Corp is a Nut-based dairy alternative company driven by the motto What A Cow Eats and A Human Needs. Based in Vancouver, It offers plant-based dairy alternatives infused with a proprietary blend of herbs and environmentally conscious and vegan food. Its products comprise plant-based Buetter (Butter), Moogurt (Yogurt), Cheese, Ice Cream, Sour Cream, and Creme Fraiche. The company is focused on delivering high-quality products through online and in-store retail platforms. It utilizes social media to deliver educational experiences for its customer base while demonstrating - pioneering beverage technologies.

Bettermoo(d) Food (Bettermoo(d) Food) Headlines

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