What is Total Energies Marketing Maroc Financial Strength?
Total Energies Marketing Maroc has the Financial Strength Rank of 7.
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.
Total Energies Marketing Maroc's Interest Coverage for the quarter that ended in Jun. 2024 was 17.74.
Total Energies Marketing Maroc's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.00.
As of today, Total Energies Marketing Maroc's Altman Z-Score is 2.96.
Competitive Comparison of Total Energies Marketing Maroc's Financial Strength
For the Oil & Gas Refining & Marketing subindustry, Total Energies Marketing Maroc'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.
Total Energies Marketing Maroc's Financial Strength Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Total Energies Marketing Maroc's Financial Strength distribution charts can be found below:
* The bar in red indicates where Total Energies Marketing Maroc's Financial Strength falls into.
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:
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.
Total Energies Marketing Maroc has a Z-score of 2.96, indicating it is in Grey Zones. This implies that Total Energies Marketing Maroc is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.96 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
Total Energies Marketing Maroc (CAS:TMA) 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.
Total Energies Marketing Maroc has the Financial Strength Rank of 7.
Total Energies Marketing Maroc Financial Strength Related Terms
Thank you for viewing the detailed overview of Total Energies Marketing Maroc's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Total Energies Marketing Maroc Business Description
Total Energies Marketing Maroc is an international oil and gas company. It is engaged in trade of oil, shale and their derivatives, greasy substances, simple or compound of mineral or organic origin, essential oils and all by-products of the materials. It engages in research, exploitation of oil fields, the acquisition of interests in existing companies, the purchase and sale of crude oil and finished products, and all industrial, mining, commercial, financial and real estate development.
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