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PASSUR Aerospace 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.PASSUR Aerospace did not have earnings to cover the interest expense. PASSUR Aerospace's debt to revenue ratio for the quarter that ended in Jul. 2022 was 2.17. As of today, PASSUR Aerospace's Altman Z-Score is 0.00.
For the Aerospace & Defense subindustry, PASSUR Aerospace'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 Aerospace & Defense industry and Industrials sector, PASSUR Aerospace's Financial Strength distribution charts can be found below:
* The bar in red indicates where PASSUR Aerospace'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:
PASSUR Aerospace's Interest Expense for the months ended in Jul. 2022 was $-0.30 Mil. Its Operating Income for the months ended in Jul. 2022 was $-1.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2022 was $12.76 Mil.
PASSUR Aerospace's Interest Coverage for the quarter that ended in Jul. 2022 is
PASSUR Aerospace 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.
PASSUR Aerospace's Debt to Revenue Ratio for the quarter that ended in Jul. 2022 is
Debt to Revenue Ratio | = | Total Debt (Q: Jul. 2022 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0.09 | + | 12.763) | / | 5.936 | |
= | 2.17 |
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.
PASSUR Aerospace 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.
PASSUR Aerospace (OTCPK:PSSR) 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.
PASSUR Aerospace has the Financial Strength Rank of 0.
Thank you for viewing the detailed overview of PASSUR Aerospace's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Allison O'neill | officer: Exec. VP Finance & Admin | 883 INMAN VILLAGE PARKWAY, ATLANTA GA 30307 |
Richard L Haver | director | C/O PASSUR AEROSPACE, INC., ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901 |
Robert M. Stafford | director | C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901 |
Michael Owen Hulley | director | ONE LANDMARK SQUARE, SUITE 1900, STAMFORD NY 06901 |
Michael P. Schumaecker | director | BOX 205, ORLEANS MA 02653 |
Sean L Doherty | officer: Exec. VP Finance & Admin | 34 MILSON CRESCENT, GUELPH A6 N1C1G9 |
Michael Henne | officer: Chief Commercial Officer | ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901 |
Brian Gerald Cook | director | 840 ST. JOHNS AVE., GREEN COVE SPRINGS FL 32043 |
John Franklin Thomas | director | 25 BURR DRIVE, NEEDHAM MA 02492 |
Ronald Rose | director | |
David Mackenzie Henderson | officer: See Remarks | ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901 |
David Brukman | officer: Chief Technology Officer | 6 WATCH HILL DR., GREENWICH CT 06831 |
Keith D. Wichman | officer: VP-Airline Solutions/Product | C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STANFORD CT 06901 |
William S. Leber | officer: VP of Air-Traffic Innovations | C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE SUITE 1900, STANFORD CT 06901 |
Thomas Scott White | officer: Senior VP ATM & Technology | C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STANFORD CT 06901 |
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