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Nickel Creek Platinum (Nickel Creek Platinum) Financial Strength : 0 (As of Mar. 2024)


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What is Nickel Creek Platinum Financial Strength?

Nickel Creek Platinum 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.

Nickel Creek Platinum did not have earnings to cover the interest expense. As of today, Nickel Creek Platinum's Altman Z-Score is 0.00.


Competitive Comparison of Nickel Creek Platinum's Financial Strength

For the Other Industrial Metals & Mining subindustry, Nickel Creek Platinum'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.


Nickel Creek Platinum's Financial Strength Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nickel Creek Platinum's Financial Strength distribution charts can be found below:

* The bar in red indicates where Nickel Creek Platinum's Financial Strength falls into.



Nickel Creek Platinum 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:

Nickel Creek Platinum'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 $-0.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.02 Mil.

Nickel Creek Platinum's Interest Coverage for the quarter that ended in Mar. 2024 is

Nickel Creek Platinum did not have earnings to cover the interest expense.

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

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

Nickel Creek Platinum'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
=(0.019 + 0.024) / 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.

Nickel Creek Platinum 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.


Nickel Creek Platinum  (OTCPK:NCPCF) 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.

Nickel Creek Platinum has the Financial Strength Rank of 0.


Nickel Creek Platinum Financial Strength Related Terms

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Nickel Creek Platinum (Nickel Creek Platinum) Business Description

Traded in Other Exchanges
Address
1700 - 666 Burrard Street, Vancouver, BC, CAN, V6C 2X8
Nickel Creek Platinum Corp is a Canadian involved in mining exploration, evaluation, and development of platinum group metal and nickel mineral properties. The company mainly operates through its Yukon Territory property in Canada. It generates majority of its revenue through the sale of its metals deposit, while it also engages in the acquisition, evaluation, research, and development of mining properties.