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Banco Occidental de Descuento BOD (CAR:BOU) Financial Strength : 0 (As of Mar. 2022)


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What is Banco Occidental de Descuento BOD Financial Strength?

Banco Occidental de Descuento BOD 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.

GuruFocus does not calculate Banco Occidental de Descuento BOD's interest coverage with the available data. Banco Occidental de Descuento BOD's debt to revenue ratio for the quarter that ended in Mar. 2022 was 0.63. Altman Z-Score does not apply to banks and insurance companies.


Banco Occidental de Descuento BOD 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:

Banco Occidental de Descuento BOD's Interest Expense for the months ended in Mar. 2022 was VES-101.4 Mil. Its Operating Income for the months ended in Mar. 2022 was VES0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was VES530.4 Mil.

Banco Occidental de Descuento BOD's Interest Coverage for the quarter that ended in Mar. 2022 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Banco Occidental de Descuento BOD's Debt to Revenue Ratio for the quarter that ended in Mar. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 530.446) / 846.184
=0.63

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.

Altman Z-Score does not apply to banks and insurance companies.

* 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.


Banco Occidental de Descuento BOD  (CAR:BOU) 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.

Banco Occidental de Descuento BOD has the Financial Strength Rank of 0.


Banco Occidental de Descuento BOD Financial Strength Related Terms

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Banco Occidental de Descuento BOD Business Description

Traded in Other Exchanges
N/A
Address
Avenida 5 de Julio, Avenue corner 17, Maracaibo, VEN
Banco Occidental de Descuento BOD is a commercial bank. The Company operates in five banking units: Commercial, Co-Operative, Petroleum, Agricultural, and Private Banking.