What is Clarcor Financial Strength?
Clarcor 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.
Clarcor's Interest Coverage for the quarter that ended in Nov. 2016 was 24.78.
Clarcor's debt to revenue ratio for the quarter that ended in Nov. 2016 was 0.19.
As of today, Clarcor's Altman Z-Score is 0.00.
Competitive Comparison of Clarcor's Financial Strength
For the Pollution & Treatment Controls subindustry, Clarcor'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.
Clarcor's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Clarcor's Financial Strength distribution charts can be found below:
* The bar in red indicates where Clarcor's Financial Strength falls into.
Clarcor 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:
Clarcor's Interest Expense for the
months ended in Nov. 2016 was $-2 Mil. Its Operating Income for the
months ended in Nov. 2016 was $44 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2016 was $268 Mil.
Clarcor's Interest Coverage for the quarter that ended in Nov. 2016 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Clarcor's Debt to Revenue Ratio for the quarter that ended in Nov. 2016 is
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.
Clarcor 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.
Clarcor (Clarcor) Business Description
Traded in Other Exchanges
N/A
Address
Clarcor Inc was organized in 1904 as an Illinois corporation and in 1969 was reincorporated in the State of Delaware. The Company conducts business in three main industry segments: Engine/ Mobile Filtration; Industrial/ Environmental Filtration; and Packaging. The Company's Engine/Mobile Filtration segment manufactures and sells filtration products for engines used in stationary power generation and for engines in mobile equipment applications, including trucks, automobiles, buses and locomotives, and marine, construction, industrial, mining and agricultural equipment. The products in the Engine/Mobile Filtration segment include oil, air, fuel, coolant, transmission and hydraulic fluid filters which are used in a variety of applications and in processes where filter efficiency, capacity and reliability are essential. The Company's Industrial/Environmental Filtration segment includes liquid process filtration products and air filtration products and systems used to maintain high interior air quality and to control exterior pollution. The segment's liquid process filtration products include specialty industrial process liquid filters; filters for pharmaceutical processes and beverages; filtration systems, filters and coalescers for the oil and natural gas industry; filtration systems for aircraft refueling, anti-pollution, sewage treatment and water recycling; bilge water separators; sand control filters for oil and gas drilling; and woven wire and metallic products for filtration of plastics and polymer fibers. These filters use a variety of string wound, meltblown, porous and sintered and non-sintered metal media, woven wire and absorbent media. The segment's air filtration products represent air filters and cleaners, including antimicrobial treated filters and high efficiency electronic air cleaners. These products are used in commercial buildings, hospitals, factories, residential buildings, residences, paint spray booths, gas turbine systems, medical facilities, motor vehicle cabins, aircraft cabins, clean rooms, compressors and dust collector systems. The Company's Packaging segment is conducted by a wholly-owned subsidiary, J.L. Clark, Inc. Products in both the Engine/Mobile Filtration and Industrial/Environmental Filtration segments are sold through a combination of independent distributors, dealers for original equipment manufacturers, retail stores and directly to end-use customers such as truck and equipment fleet users, manufacturing companies and contractors. The primary raw materials the Company uses to manufacture and package its products include various types of steel, adhesives, petrochemical-based materials, wood based products and filter medias made from materials such as wood pulps, metals, polyester, polypropylene, fiberglass and other synthetic fibers. Products in both the Engine/Mobile Filtration and Industrial/Environmental Filtration segments are sold through a combination of independent distributors, OEMs
Executives
| Nelda J Connors |
director |
BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234 |
| Philip R Lochner |
director |
699 LAKE AVENUE, GREENWICH CT 06830 |
| Thomas Giacomini |
director |
C/O JOHN BEAN TECHNOLOGIES CORPORATION, 70 WEST MADISON SUITE 4400, CHICAGO IL 60602 |
| Robert J Burgstahler |
director |
|
| Wesley M Clark |
director |
840 CRESCENT CENTRE DRIVE, #600, CLARCOR INC., FRANKLIN TN 37067 |
| Richard M Wolfson |
officer: VP, General Counsel |
2918 FIFTH AVENUE SOUTH, SUITE 209, SAN DIEGO CA 92103 |
| James W Bradford |
director |
GENESCO INC., 1415 MURFREESBORO ROAD, NASHVILLE TN 37217 |
| Robert H Jenkins |
director |
PO BOX 7003, ROCKFORD IL 61125-7003 |
| Paul Donovan |
director |
PO BOX 7003, ROCKFORD IL 61125-7003 |
| Mark A Emkes |
director |
425 WINTER ROAD, DELAWARE OH 43015 |
| James L Packard |
director |
200 STATE STREET, BELOIT WI 53511 |
| Christopher Conway |
officer: President and CEO |
C/O CLARCOR, 840 CRESCENT CENTRE DR SUITE 600, FRANKLIN TN 37064 |
| David Joseph Fallon |
officer: VP-Chief Financial Officer |
28213 VAN DYKE AVENUE, WARREN MI 48093 |
| Norman E Johnson |
director, other: Executive Chairman |
501 SEVENTH STREET, P O BOX 1537, ROCKFORD IL 61110-0037 |
| Arthur B Laffer |
director |
300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
Clarcor (Clarcor) Headlines
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