What is Stockmann Oyj Abp Financial Strength?
Stockmann Oyj Abp 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:
Lindex Group PLC 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.
Stockmann Oyj Abp did not have earnings to cover the interest expense.
Stockmann Oyj Abp's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.88.
As of today, Stockmann Oyj Abp's Altman Z-Score is 1.58.
Competitive Comparison of Stockmann Oyj Abp's Financial Strength
For the Department Stores subindustry, Stockmann Oyj Abp'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.
Stockmann Oyj Abp's Financial Strength Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Stockmann Oyj Abp's Financial Strength distribution charts can be found below:
* The bar in red indicates where Stockmann Oyj Abp's Financial Strength falls into.
Stockmann Oyj Abp 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:
Stockmann Oyj Abp's Interest Expense for the
months ended in Mar. 2024 was €-9.1 Mil. Its Operating Income for the
months ended in Mar. 2024 was €-7.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €592.5 Mil.
Stockmann Oyj Abp's Interest Coverage for the quarter that ended in Mar. 2024 is
| Stockmann Oyj Abp did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Lindex Group PLC interest coverage is 2.17, which is low.
2. Debt to revenue ratio. The lower, the better.
Stockmann Oyj Abp's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
Stockmann Oyj Abp has a Z-score of 1.58, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.58 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.
Stockmann Oyj Abp (OHEL:0MW1) Business Description
Traded in Other Exchanges
Address
Aleksanterinkatu 52, Helsinki, FIN, FI-00100
Stockmann Oyj Abp is a retail trader based in Finland. It sells variants of products and operates under two divisions, which are Lindex and Stockmann. Stockmann has a further classification of Stockmann Retail and Real estate. Stockmann Retail includes non-food department store operations in Finland and non-food and food operations in the Baltic countries. It offers an extensive product range and customer service expertise in an international shopping environment. The Real Estate comprises the properties owned by the Group in Helsinki, St Petersburg, Tallinn, and Riga. The company operates its fashion chains segment through Lindex, which has a wide network of shops and e-commerce businesses throughout the European Union and Norway.
Stockmann Oyj Abp (OHEL:0MW1) Headlines
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