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iGo 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.iGo has no long-term debt (1). iGo's debt to revenue ratio for the quarter that ended in Dec. 2013 was 0.00. As of today, iGo'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.
For the Computer Hardware subindustry, iGo'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 Hardware industry and Technology sector, iGo's Financial Strength distribution charts can be found below:
* The bar in red indicates where iGo'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:
iGo's Interest Expense for the months ended in Dec. 2013 was $0.00 Mil. Its Operating Income for the months ended in Dec. 2013 was $-2.93 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2013 was $0.00 Mil.
iGo's Interest Coverage for the quarter that ended in Dec. 2013 is
iGo 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.
iGo's Debt to Revenue Ratio for the quarter that ended in Dec. 2013 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2013 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 0) | / | 12.84 | |
= | 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.
iGo 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.
iGo (OTCPK:IGOI) 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.
iGo has the Financial Strength Rank of 0.
Thank you for viewing the detailed overview of iGo's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
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Adage Capital Partners Gp, L.l.c. | 10 percent owner | 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116 |
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Peter L Ax | director | |
Steel Excel Inc. | 10 percent owner | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Steel Partners Holdings L.p. | 10 percent owner | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Sph Group Holdings Llc | 10 percent owner | C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Sph Group Llc | 10 percent owner | C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Steel Partners Holdings Gp Inc. | 10 percent owner | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Jack L Howard | director, other: See explanation of responses. | 182 FARMERS LANE, STE 101, SANTA ROSA CA 95405 |
Brian M Roberts | officer: General Counsel and Secretary, other: Vice President | 18835 N. THOMPSON PEAK PARKWAY, SUITE 300 & 380, SCOTTSDALE AZ 85255 |
Robert W Shaner | director | INTERDIGITAL, INC., 781 THIRD AVENUE, KING OF PRUSSIA PA 19406 |
Jerre L Stead | director | 4TH FLOOR, ROPEMAKER PLACE, 25 ROPEMAKER STREET, LONDON X0 EC2Y 9LY |
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