Thomson Resources (ASX:TMZO) Financial Strength: 0 (As of Dec. 2023)

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What is Thomson Resources Financial Strength?

Thomson Resources has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Thomson Resources has no long-term debt (1). As of today, Thomson Resources'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.

Thomson Resources  (ASX:TMZO) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Thomson Resources has the Financial Strength Rank of 0.

Thomson Resources Financial Strength Related Terms

ASX:TMZO vs BHPBF: Financial Strength Comparison

For the Other Industrial Metals & Mining subindustry, Thomson Resources'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.

Thomson Resources Financial Strength vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Thomson Resources's Financial Strength distribution charts can be found below:

* The bar in red indicates where Thomson Resources's Financial Strength falls into.


Thomson Resources 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:

Thomson Resources's Interest Expense for the months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the months ended in Dec. 2023 was A$-0.76 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Thomson Resources's Interest Coverage for the quarter that ended in Dec. 2023 is

Thomson Resources 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.

Thomson Resources'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
=(0.23 + 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.

Thomson Resources 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.

Thomson Resources Business Description

Address 63 Sinclair Street, Wollstonecraft, NSW, AUS, 2065
Silver Metal Group Ltd, formerly Thomson Resources Ltd, is an Australian mineral exploration and development company focused on silver, gold, tin, copper and base metals within the New England Fold Belt of northern New South Wales. Its principal asset is the Texas Silver Project, a historical silver mining district near the Queensland border, alongside the Conrad Silver Project, Webbs Silver Project, Mt Carrington silver-gold project, Harry Smith Gold Project, Yalgogrin Gold Project, Bygoo Tin Project and Chillagoe Gold Project. The company's activities centre on exploration, resource definition and evaluation of these deposits, with a strategy of consolidating under-explored historical mining fields. As a junior explorer, it generates no meaningful operating revenue and funds activities through equity raisings and asset transactions. Its projects are located in New South Wales and Queensland, Australia, and its shares trade on the Australian Securities Exchange.