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Affinity Energy and Health (Affinity Energy and Health) Financial Strength : 0 (As of Dec. 2018)


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What is Affinity Energy and Health Financial Strength?

Affinity Energy and Health 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.

Affinity Energy and Health did not have earnings to cover the interest expense. As of today, Affinity Energy and Health's Altman Z-Score is 0.00.


Competitive Comparison of Affinity Energy and Health's Financial Strength

For the Drug Manufacturers - Specialty & Generic subindustry, Affinity Energy and Health'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.


Affinity Energy and Health's Financial Strength Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Affinity Energy and Health's Financial Strength distribution charts can be found below:

* The bar in red indicates where Affinity Energy and Health's Financial Strength falls into.



Affinity Energy and Health 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:

Affinity Energy and Health's Interest Expense for the months ended in Dec. 2018 was $-0.28 Mil. Its Operating Income for the months ended in Dec. 2018 was $-3.65 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was $0.00 Mil.

Affinity Energy and Health's Interest Coverage for the quarter that ended in Dec. 2018 is

Affinity Energy and Health 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.

Affinity Energy and Health's Debt to Revenue Ratio for the quarter that ended in Dec. 2018 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2018 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(2.884 + 0) / 0
=N/A

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.

Affinity Energy and Health 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.


Affinity Energy and Health  (OTCPK:ALGXY) 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.

Affinity Energy and Health has the Financial Strength Rank of 0.


Affinity Energy and Health Financial Strength Related Terms

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Affinity Energy and Health (Affinity Energy and Health) Business Description

Traded in Other Exchanges
N/A
Address
Unit 2, 100-104 Railway Road, Spectrum Offices, Subiaco, WA, AUS, 6008
Affinity Energy and Health Ltd is a diversified plant-based health and wellbeing company. The company's focus is to produce commercial quantities of algae and medicinal cannabis for Medicinal cannabis, Algae-based nutraceuticals, Animal feed and aquaculture markets, and Biofuels. The group operates in two geographical locations being Australia and USA, Australia being the major revenue generator.

Affinity Energy and Health (Affinity Energy and Health) Headlines

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