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Federal-Mogul Holdings 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.Federal-Mogul Holdings's Interest Coverage for the quarter that ended in Sep. 2016 was 26.00. Federal-Mogul Holdings's debt to revenue ratio for the quarter that ended in Sep. 2016 was 0.43. As of today, Federal-Mogul Holdings's Altman Z-Score is 0.00.
For the Auto Parts subindustry, Federal-Mogul 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.
For the Vehicles & Parts industry and Consumer Cyclical sector, Federal-Mogul Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where Federal-Mogul Holdings's Financial Strength falls into.
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:
Federal-Mogul Holdings's Interest Expense for the months ended in Sep. 2016 was $-2 Mil. Its Operating Income for the months ended in Sep. 2016 was $52 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2016 was $2,937 Mil.
Federal-Mogul Holdings's Interest Coverage for the quarter that ended in Sep. 2016 is
Interest Coverage | = | -1 | * | Operating Income (Q: Sep. 2016 ) | / | Interest Expense (Q: Sep. 2016 ) |
= | -1 | * | 52 | / | -2 | |
= | 26.00 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Federal-Mogul Holdings's Debt to Revenue Ratio for the quarter that ended in Sep. 2016 is
Debt to Revenue Ratio | = | Total Debt (Q: Sep. 2016 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (174 | + | 2937) | / | 7300 | |
= | 0.43 |
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.
Federal-Mogul Holdings 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.
Federal-Mogul Holdings (NAS:FDML) 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.
Federal-Mogul Holdings has the Financial Strength Rank of 0.
Thank you for viewing the detailed overview of Federal-Mogul Holdings's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Carl C Icahn | 10 percent owner | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160 |
Rainer Jueckstock | director, officer: See Remarks | 27300 WEST 11 MILE ROAD, SOUTHFIELD MI 48034 |
Michael Nevin | director | C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153 |
John Patouhas | officer: VP & Chief Accounting Officer | C/O FEDERAL-MOGUL HOLDINGS CORPORATION, 27300 WEST 11 MILE ROAD, SOUTHFIELD MI 48034 |
Louis Pastor | director | C/O XEROX CORPORATION, 201 MERRITT 7, NORWALK CT 06851 |
Mather Courtney | director | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Jerome Rouquet | officer: VP, Controller & CAO | 26555 NORTHWESTERN HIGHWAY, SOUTHFIELD MI 48034 |
Brett D Pynnonen | officer: Sr VP, Genl Counsel & Secy | 26555 NORTHWESTERN HIGHWAY, SOUTHFIELD MI 48033 |
Kevin P Freeland | officer: See Remarks | 5008 AIRPORT RD, ROANOKE VA 24012 |
Hunter Clark Gary | director | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Michael T Broderick | officer: CEO, Aftermarket Division | 26555 NORTHWESTERN HIGHWAY, SOUTHFIELD MI 48033 |
Sunghwan Cho | director | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Alan Haughie | officer: Senior VP & CFO | 860 RIDGE LAKE BLVD., MEMPHIS TN 38120 |
Jean Brunol | officer: SVP, Business & Ope Strategy | 26555 NORTHWESTERN HIGHWAY SOUTHFIELD MI 48034 |
Ramzi Hermiz | officer: SVP, Vehicle Safety & Pro. | 880 STEEL DRIVE VALLEY CITY OH 44280 |
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