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Better World Acquisition has the Financial Strength Rank of 0.
Good Sign:
Better World Acquisition Corp shows strong financial strength.
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.Better World Acquisition has no long-term debt (1). As of today, Better World Acquisition'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 Shell Companies subindustry, Better World Acquisition'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 Diversified Financial Services industry and Financial Services sector, Better World Acquisition's Financial Strength distribution charts can be found below:
* The bar in red indicates where Better World Acquisition'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:
Better World Acquisition's Interest Expense for the months ended in Mar. 2023 was $0.00 Mil. Its Operating Income for the months ended in Mar. 2023 was $-0.78 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil.
Better World Acquisition's Interest Coverage for the quarter that ended in Mar. 2023 is
Better World Acquisition 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.
Better World Acquisition's Debt to Revenue Ratio for the quarter that ended in Mar. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0.915 | + | 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.
Better World Acquisition 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.
Better World Acquisition (OTCPK:BWACU) 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.
Better World Acquisition has the Financial Strength Rank of 0.
Thank you for viewing the detailed overview of Better World Acquisition's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert M Chiste | director | 120 EAGLE ROCK AVENUE SUITE 190, EAST HANOVER NJ 07936 |
Bradford Scovill Oberwager | director | 340 S. LEMON AVE. #5445, WALNUT CA 91789 |
Grubstein Peter S H | director, 10 percent owner, officer: Chief Financial Officer | |
Kristopher A Wood | director | 11360 LAKE FIELD DRIVE, DULUTH GA 30097 |
Bwa Holdings Llc | 10 percent owner | 1177 AVENUE OF THE AMERICAS 18TH FLOOR, NEW YORK NY 10036 |
Rosemary L Ripley | director, officer: Chief Executive Officer | 733 THIRD AVENUE, NEW YORK NY 10017 |
Shay Murphy | officer: Vice President | 733 THIRD AVENUE, NEW YORK NY 10017 |
Jennifer Prosek | director | 733 THIRD AVENUE, NEW YORK NY 10017 |
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