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Neptune Wellness Solutions 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.Neptune Wellness Solutions did not have earnings to cover the interest expense. Neptune Wellness Solutions's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.93. As of today, Neptune Wellness Solutions's Altman Z-Score is -36.65.
For the Drug Manufacturers - Specialty & Generic subindustry, Neptune Wellness Solutions'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 Drug Manufacturers industry and Healthcare sector, Neptune Wellness Solutions's Financial Strength distribution charts can be found below:
* The bar in red indicates where Neptune Wellness Solutions'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:
Neptune Wellness Solutions's Interest Expense for the months ended in Dec. 2023 was $-1.60 Mil. Its Operating Income for the months ended in Dec. 2023 was $-17.70 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.82 Mil.
Neptune Wellness Solutions's Interest Coverage for the quarter that ended in Dec. 2023 is
Neptune Wellness Solutions did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Neptune Wellness Solutions's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (26.324 | + | 1.816) | / | 30.4 | |
= | 0.93 |
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.
Neptune Wellness Solutions has a Z-score of -36.65, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -36.65 is in distress zone. This implies bankruptcy 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.
Neptune Wellness Solutions (OTCPK:NEPTF) 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.
Neptune Wellness Solutions has the Financial Strength Rank of 0.
Thank you for viewing the detailed overview of Neptune Wellness Solutions's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Neptune Securities Settlement Fund | 10 percent owner | C/O POMERANTZ LLP, 10 S. LASALLE ST., SUITE 3505, CHICAGO IL 60603 |
Raymond Silcock | officer: Chief Financial Officer | 399 JEFFERSON ROAD, PARSIPPANY NJ 07054 |
Philip H Sanford | director | C/O CHATTEM INC, 1715 WEST 38TH STREET, CHATTANOOGA TN 37409 |
John Wirt | officer: See Remarks | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Michael Cammarata | director, officer: See Remarks | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Randy Weaver | officer: Chief Financial Officer | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Jessica Adkins | officer: See Remarks | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Cecil Demorris Brown | officer: See Remarks | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Joseph Buaron | director | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Julie Phillips | director | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Ronald Denis | director | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Emily Fletty | officer: See Remarks | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Geus Michael De | director | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Blumont Capital Corp | 10 percent owner | 70 UNIVERSITY AVENUE, SUITE 1200, TORONTO A6 M5J 2M4 |
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