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IFIRMA Spolka Akcyjna (WAR:IFI) Financial Strength : 10 (As of Mar. 2024)


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What is IFIRMA Spolka Akcyjna Financial Strength?

IFIRMA Spolka Akcyjna has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

IFIRMA Spolka Akcyjna shows strong financial strength.

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.

IFIRMA Spolka Akcyjna's Interest Coverage for the quarter that ended in Mar. 2024 was 56.15. IFIRMA Spolka Akcyjna's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00. As of today, IFIRMA Spolka Akcyjna's Altman Z-Score is 13.20.


Competitive Comparison of IFIRMA Spolka Akcyjna's Financial Strength

For the Information Technology Services subindustry, IFIRMA Spolka Akcyjna'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.


IFIRMA Spolka Akcyjna's Financial Strength Distribution in the Software Industry

For the Software industry and Technology sector, IFIRMA Spolka Akcyjna's Financial Strength distribution charts can be found below:

* The bar in red indicates where IFIRMA Spolka Akcyjna's Financial Strength falls into.



IFIRMA Spolka Akcyjna 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:

IFIRMA Spolka Akcyjna's Interest Expense for the months ended in Mar. 2024 was zł-0.03 Mil. Its Operating Income for the months ended in Mar. 2024 was zł1.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was zł0.00 Mil.

IFIRMA Spolka Akcyjna's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*1.516/-0.027
=56.15

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

Good Sign:

IFIRMA Spolka Akcyjna has no debt.

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

IFIRMA Spolka Akcyjna'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 + 0) / 55.38
=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.

IFIRMA Spolka Akcyjna has a Z-score of 13.20, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 13.2 is strong.

* 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.


IFIRMA Spolka Akcyjna  (WAR:IFI) 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.

IFIRMA Spolka Akcyjna has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.


IFIRMA Spolka Akcyjna Financial Strength Related Terms

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IFIRMA Spolka Akcyjna (WAR:IFI) Business Description

Traded in Other Exchanges
N/A
Address
Grabiszynska 241 B, Wroclaw, POL, 53-234
IFIRMA Spolka Akcyjna provides services in the field of software development as well as recruitment and outsourcing of IT staff. Its services include internet accounting, accounting office, invoices application, and warehousing software. The company is working on www.firmbee.com - a project management software which manages firm's tasks, finances, supports remote team work and HR processes.

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