What is Accuride Financial Strength?
Accuride 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.
Accuride's Interest Coverage for the quarter that ended in Sep. 2016 was 0.18.
Accuride's debt to revenue ratio for the quarter that ended in Sep. 2016 was 0.64.
As of today, Accuride's Altman Z-Score is 0.00.
Competitive Comparison of Accuride's Financial Strength
For the Auto Parts subindustry, Accuride'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.
Accuride's Financial Strength Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Accuride's Financial Strength distribution charts can be found below:
* The bar in red indicates where Accuride's Financial Strength falls into.
Accuride 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:
Accuride's Interest Expense for the
months ended in Sep. 2016 was $-8.4 Mil. Its Operating Income for the
months ended in Sep. 2016 was $1.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2016 was $307.4 Mil.
Accuride's Interest Coverage for the quarter that ended in Sep. 2016 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Accuride's Debt to Revenue Ratio for the quarter that ended in Sep. 2016 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.
Accuride 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.
Accuride (Accuride) Business Description
Traded in Other Exchanges
N/A
Address
Accuride Corp is a Delaware corporation, and a corporation formed under the laws of the province of Ontario, Canada, and a wholly owned subsidiary of Accuride, were incorporated in November 1986 for the purpose of acquiring all of the assets and assuming certain of the liabilities of Firestone Steel Products, a division of The Firestone Tire & Rubber Company. The Company is one of the manufacturers and suppliers of commercial vehicle components in North America. Its products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and ductile and gray iron castings. It markets its products under some of the recognized brand names in the industry, including Accuride, Gunite, Imperial, and Brillion. Its main product lines are standard equipment used by a majority of North American heavy- and medium-duty truck OEMs. The Company's business consists of three operating segments that design, manufacture, and distribute components for the commercial vehicle market, including heavy- and medium-duty trucks, commercial trailers, light trucks, buses, as well as specialty and military vehicles and their related aftermarket channels and for the global industrial, mining and construction markets. The Wheels segment's products consist of steel and aluminum wheels. The Gunite segment's products consist of wheel-end components and assemblies. The Brillion Iron Works segment's products consist of ductile, austempered ductile and gray iron castings, including engine and transmission components and industrial components. The Company designs, produces, and markets one of the broadest portfolios of commercial vehicle components in the industry. It classifies its products under several categories, including wheels, wheel-end components and assemblies, and ductile and gray iron castings. The Company markets its components to major North American heavy- and medium-duty truck and commercial trailer OEMs, as well as to the major aftermarket participants, including OEM dealer networks, wholesale distributors, and aftermarket buying groups. The Company's competitors in the wheel markets include Alcoa Inc. and Maxion Wheels. Its competitors in the wheel-ends and assemblies markets for heavy- and medium-duty trucks and commercial trailers are KIC Holdings, Inc., Meritor, Inc., Consolidated Metco Inc., and Webb Wheel Products Inc. The Company's registered trademark include Accuride, Brillion, and Gunite. The Company's operations, facilities, and properties are subject to extensive and evolving laws and regulations pertaining to air emissions, wastewater and stormwater discharges, the handling and disposal of solid and hazardous materials and wastes, the investigation and remediation of contamination, and otherwise relating to health, safety, and the protection of the environment and natural resources.
Executives
| Richard F Dauch |
director, officer: President & CEO |
C/O SPARTAN MOTORS INC, 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
| Keith E Busse |
director |
7575 W. JEFFERSON BLVD., FORT WAYNE IN 46804 |
| Lewis M Kling |
director |
31515 BALLANTYNE CORP, C/O SPX CORP, CHARLOTTE NC 28277 |
| Robin J Adams |
director |
3850 HAMLIN RD., AUBURN HILLS MI 48326 |
| Littlejohn Associates Iv, L.l.c. |
10 percent owner |
8 SOUND SHORE DRIVE, SUITE 303, GREENWICH CT 06830 |
| Cetus Capital Ii, Llc |
10 percent owner |
8 SOUND SHORE DRIVE, SUITE 303, GREENWICH CT 06830 |
| Littlejohn Fund Iv, L.p. |
10 percent owner |
8 SOUND SHORE DRIVE, GREENWICH CT 06830 |
| Michael A Hajost |
officer: SVP/Chief Financial Officer |
C/O CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612-4662 |
| James R Rulseh |
director |
5001 N SECOND STREET, ROCKFORD IL 61111 |
| Coliseum Capital Management, Llc |
10 percent owner |
105 ROWAYTON AVENUE, ROWAYTON CT 06853 |
| Coliseum Capital Partners Ii, L.p. |
10 percent owner |
105 ROWAYTON AVENUE, ROWAYTON CT 06853 |
| Coliseum Capital Partners, L.p. |
10 percent owner |
105 ROWAYTON AVENUE, ROWAYTON CT 06853 |
| Coliseum Capital, Llc |
10 percent owner |
105 ROWAYTON AVENUE, ROWAYTON CT 06853 |
| Christopher S Shackelton |
10 percent owner |
105 ROWAYTON AVENUE, ROWAYTON CT 06853 |
| Adam Gray |
10 percent owner |
105 ROWAYTON AVENUE, ROWAYTON CT 06853 |
Accuride (Accuride) Headlines
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