OpenLocker Holdings (OpenLocker Holdings) Financial Strength : 1 (As of Jan. 2024)

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What is OpenLocker Holdings Financial Strength?

OpenLocker Holdings has the Financial Strength Rank of 1. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

OpenLocker Holdings Inc 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.

OpenLocker Holdings did not have earnings to cover the interest expense. OpenLocker Holdings's debt to revenue ratio for the quarter that ended in Jan. 2024 was 8.25. As of today, OpenLocker Holdings's Altman Z-Score is -1280.03.

Competitive Comparison of OpenLocker Holdings's Financial Strength

For the Capital Markets subindustry, OpenLocker Holdings'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.

OpenLocker Holdings's Financial Strength Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, OpenLocker Holdings's Financial Strength distribution charts can be found below:

* The bar in red indicates where OpenLocker Holdings's Financial Strength falls into.

OpenLocker Holdings 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:

OpenLocker Holdings's Interest Expense for the months ended in Jan. 2024 was $-0.02 Mil. Its Operating Income for the months ended in Jan. 2024 was $-0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil.

OpenLocker Holdings's Interest Coverage for the quarter that ended in Jan. 2024 is

OpenLocker Holdings 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.

OpenLocker Holdings'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
	=	(0.264	+	0)	/	0.032
	=	8.25

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.

OpenLocker Holdings has a Z-score of -1280.03, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -1280.03 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.

OpenLocker Holdings (OTCPK:OLKR) 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.

OpenLocker Holdings has the Financial Strength Rank of 1. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

OpenLocker Holdings Financial Strength Related Terms

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OpenLocker Holdings (OpenLocker Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OpenLocker Holdings Inc (OTCPK:OLKR) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Palm Beach Lakes Boulevard, Suite 820, West Palm Beach, FL, USA, 33401

Website

https://www.openlockerholdings.io

OpenLocker Holdings Inc connects the digital and the physical worlds by offering real-world utility and a physical token of ownership to fans who purchase a digital collectible on its Web3 platform. It offers a FanTech platform for athletes and brands to redefine and unlock value for their fans and audience. It builds and engaged communities and opens doors to Name, Image, and Likeness (NIL) revenue opportunities for student-athletes that previously did not exist. Its portfolio consists of Bone Yard Huskyz Ckub, Gataverse, Open Stable, and Others.

Executives

Abby Eileen Klatsky	10 percent owner	12 WINSOR PLACE, GLEN RIDGE NJ 07028
Brendan John O'brien	10 percent owner	575 JERICHO TURNPIKE, SUITE 307, JERICHO NY 11753
Brian Lance Klatsky	director, officer: President, OpenLocker Inc.	320 BROAD STREET, RED BANK NJ 07701
Lauren Blair Klatsky	officer: COO of OpenLocker Inc.	320 BROAD STREET, RED BANK NJ 07701
Laura E Anthony	director, 10 percent owner, officer: President	LAURA ANTHONY, 120 S. OLIVE AVE, WEST PALM BEACH FL 33401
Howard Gostfrand	director, 10 percent owner, officer: Chief Executive Officer	625 N. FLAGLER DRIVE, SUITE 600, WEST PALM BEACH FL 33401
Meir Wexler	director, officer: Chief Investment Officer	2123 DUNWOODY GLN, DUNWOODY GA 30338
Aleksandr Rubin	director, officer: CEO, PFO, PAO	400 SUNNY ISLES BLVD, APT 1019, NORTH MIAMI FL 33160
Balance Labs, Inc.	10 percent owner	407 LINCOLN ROAD, SUITE 701, MIAMI BEACH FL 33139
Jason Lyons	10 percent owner	612 HOWARD STREET, SAN FRANCISCO CA 94549
Mikael Lundgren	officer: President	9440 SANTA MONICA BLVD., SUITE 301, BEVERLY HILLS CA 90210
Mid Atlantic Capital Associates Inc.	officer: President	9440 SANTA MONICA BLVD., SUITE 301, BEVERLY HILLS CA 90210
Wayne A Root	director, 10 percent owner	5092 SOUTH JONES BOULEVARD, LAS VEGAS NV 89118
Douglas R Miller	director, officer: President and COO	5092 SOUTH JONES BOULEVARD, LAS VEGAS NV 89118
Roger Lee Harrison	director	8455 BEVERLY BLVD, STE 407, WEST HOLLYWOOD CA 90048