What is Diamond Foods Financial Strength?
Diamond Foods 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.
Diamond Foods's Interest Coverage for the quarter that ended in Oct. 2015 was 2.15.
Diamond Foods's debt to revenue ratio for the quarter that ended in Oct. 2015 was 0.72.
As of today, Diamond Foods's Altman Z-Score is 0.00.
Competitive Comparison of Diamond Foods's Financial Strength
For the Packaged Foods subindustry, Diamond Foods'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.
Diamond Foods's Financial Strength Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Diamond Foods's Financial Strength distribution charts can be found below:
* The bar in red indicates where Diamond Foods's Financial Strength falls into.
Diamond Foods 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:
Diamond Foods's Interest Expense for the
months ended in Oct. 2015 was $-8.6 Mil. Its Operating Income for the
months ended in Oct. 2015 was $18.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2015 was $627.1 Mil.
Diamond Foods's Interest Coverage for the quarter that ended in Oct. 2015 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Diamond Foods's Debt to Revenue Ratio for the quarter that ended in Oct. 2015 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.
Diamond Foods 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.
Diamond Foods (Diamond Foods) Business Description
Traded in Other Exchanges
N/A
Address
Diamond Foods Inc was incorporated in Delaware in 2005 as the successor to Diamond Walnut Growers, Inc., a member-owned California agricultural cooperative association. In July 2005, Diamond Walnut Growers, Inc. merged with and into Diamond Foods, Inc., converted from a cooperative association to a Delaware corporation and completed an initial public offering of Diamond Foods' common stock. The Company is a packaged food company focused on building and energizing brands. It is engaged in processing, marketing and distributing snack products and culinary, in-shell and ingredient nuts. The Company's segments include Snacks and Nuts. The Company sells snack products under Kettle Brand(r) and Pop Secret(r) brands. Microwave popcorn products are offered in traditional flavors. In March 2010, the Company complemented its snack portfolio with the acquisition of Kettle Foods, a premium potato chip company. Kettle Foods products are offered in a variety of flavors and sizes. Its snack products are typically available in grocery store snack, natural and produce aisles, mass merchandisers, club stores, convenience stores, drug stores, natural food stores and other places where snacks are sold. Under the nuts segment the Company sells nut products under the Emerald brand, and Diamond of California(r) brand in grocery store baking aisles and produce aisles and through mass merchandisers and club stores. Culinary nuts are marketed to individuals who prepare meals or baked goods at home and who value fresh, high-quality products. The Company also sell in-shell nuts under the Diamond of California(r) brand during the winter holiday season. Its non-retail nut business includes international markets and North American ingredient customers. It market ingredient nuts internationally under the Diamond of California(r) brand to food processors, restaurants, bakeries and food service companies and their suppliers. Diamond's institutional and industrial customers use its standard or customer-specified products to add flavor and texture in their product offerings. It also sells in-shell nuts to international markets. Emerald products include roasted, glazed and flavored nuts, trail mixes, granola, dried fruit and similar offerings that are sold where snack nuts and convenient breakfast items are sold. The Company obtains its raw materials from domestic and international sources. The Company's products competes with other food industries. It is subject to governmental laws and regulations.
Executives
| Edward A Blechschmidt |
director |
ONE HEALTHSOUTH PARKWAY, BIRMINGHAM AL 35243 |
| Linda B Segre |
officer: EVP, Chief Strat. & People Ofc |
2180 RUTHERFORD ROAD, CARLSBAD CA 92008 |
| David Colo |
officer: EVP, Chief Operating Officer |
C/O DIAMOND FOODS, INC., 600 MONTGOMERY STREET, 13TH FLOOR, SAN FRANCISCO CA 94111 |
| Richard Dean Hollis |
director |
3603 HAVEN AVENUE, SUITE E, MENLO PARK CA 94025 |
| Robert Zollars |
director |
3061 ZANKER RD, SAN JOSEC CA 95134 |
| Nigel A Rees |
director |
ONE POST STREET, SAN FRANCISCO CA 94104 |
| Raymond Silcock |
officer: EVP & Chief Financial Officer |
399 JEFFERSON ROAD, PARSIPPANY NJ 07054 |
| Alison Davis |
director |
255 FISERV DRIVE, BROOKFIELD WI 53045 |
| Brian J Driscoll |
director, officer: President & CEO |
THREE LAKES DR, NORTHFIELD IL 60093 |
| Celeste A. Clark |
director |
C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242 |
| Stephen Kim |
officer: EVP, GC & Chief Legal Officer |
CO DIAMOND FOODS INC., 600 MONTGOMERY STREET 33RD FLOOR, SAN FRANCISCO CA 94111 |
| Oaktree Holdings, Inc. |
10 percent owner |
333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
| Oaktree Capital Management Lp |
10 percent owner |
333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071 |
| Oaktree Holdings, Llc |
10 percent owner |
333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
| Ocm Holdings I, Llc |
10 percent owner |
333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Diamond Foods (Diamond Foods) Headlines
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