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Pendrell (Pendrell) Financial Strength : 0 (As of Dec. 2017)


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What is Pendrell Financial Strength?

Pendrell 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.

Pendrell has no long-term debt (1). Pendrell's debt to revenue ratio for the quarter that ended in Dec. 2017 was 0.00. As of today, Pendrell'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 Pendrell's Financial Strength

For the Specialty Business Services subindustry, Pendrell'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.


Pendrell's Financial Strength Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Pendrell's Financial Strength distribution charts can be found below:

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



Pendrell 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:

Pendrell's Interest Expense for the months ended in Dec. 2017 was $0.00 Mil. Its Operating Income for the months ended in Dec. 2017 was $-1.99 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2017 was $0.00 Mil.

Pendrell's Interest Coverage for the quarter that ended in Dec. 2017 is

Pendrell 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.

Pendrell's Debt to Revenue Ratio for the quarter that ended in Dec. 2017 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2017 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 8.836
=0.00

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.

Pendrell 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.


Pendrell  (OTCPK:PCOA) 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.

Pendrell has the Financial Strength Rank of 0.


Pendrell Financial Strength Related Terms

Thank you for viewing the detailed overview of Pendrell's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Pendrell (Pendrell) Business Description

Traded in Other Exchanges
N/A
Address
2300 Carillon Point, Kirkland, WA, USA, 98033
Pendrell Corp is engaged in licensing and selling its Intellectual Property (IP) rights. The company's subsidiaries hold patents that support three IP licensing programs digital media, digital cinema, and memory and storage technologies.
Executives
Lee E Mikles director, officer: President and CEO 2333 SAN RAMON VALLEY BLVD, STE 450, SAN RAMON CA 94583
Craig Mccaw director, 10 percent owner EAGLE RIVER INC, 2300 CARILLON POINT, KIRKLAND WA 98033
Steve Ednie officer: VP and Chief Financial Officer 4400 CARILLON POINT, KIRKLAND WA 98033
James D Dondero 10 percent owner 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Richard P Emerson director ONE MICROSOFT WAY, REDMOND WA 98052-6399
H Brian Thompson director 1950 OLD GALLOWS ROAD SUITE 201, VIENNA VA 22182
Stuart M Sloan director 1301 FIFTH AVE., SUITE 3000, SEATTLE WA 98101
R. Gerard Salemme director 815 CONNECTICUT AVE., SUITE 610, WASHINGTON DC 20036
Benjamin G Wolff director, officer: President and CEO 2300 CARILLON POINT, KIRKLAND WA 98033
Richard P Fox director
Highland Capital Management Lp 10 percent owner 100 CRESCENT COURT, SUITE 1850, DALLAS TX 75201
Strand Advisors, Inc. 10 percent owner 13455 NOEL ROAD, SUITE 800, DALLAS TX 75240
David H Wasserman other: Former Director
Sam Ginn director
Highland Multi-strategy Fund Gp, L.p. 10 percent owner 13455 NOEL ROAD, SUITE 800, DALLAS TX 75240

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