CVGI (Commercial Vehicle Group) Financial Strength : 5 (As of Dec. 2024)

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What is Commercial Vehicle Group Financial Strength?

Commercial Vehicle Group has the Financial Strength Rank of 5.

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.

Commercial Vehicle Group did not have earnings to cover the interest expense. Commercial Vehicle Group's debt to revenue ratio for the quarter that ended in Dec. 2024 was 0.25. As of today, Commercial Vehicle Group's Altman Z-Score is 2.22.

Competitive Comparison of Commercial Vehicle Group's Financial Strength

For the Auto Parts subindustry, Commercial Vehicle Group'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.

Commercial Vehicle Group's Financial Strength Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Commercial Vehicle Group's Financial Strength distribution charts can be found below:

* The bar in red indicates where Commercial Vehicle Group's Financial Strength falls into.

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Commercial Vehicle Group 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:

Commercial Vehicle Group's Interest Expense for the months ended in Dec. 2024 was $-2.2 Mil. Its Operating Income for the months ended in Dec. 2024 was $-5.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $149.9 Mil.

Commercial Vehicle Group's Interest Coverage for the quarter that ended in Dec. 2024 is

Commercial Vehicle Group did not have earnings to cover the interest expense.

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

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

Commercial Vehicle Group's Debt to Revenue Ratio for the quarter that ended in Dec. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Dec. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(16.471	+	149.857)	/	653.168
	=	0.25

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.

Commercial Vehicle Group has a Z-score of 2.22, indicating it is in Grey Zones. This implies that Commercial Vehicle Group 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 2.22 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.

Commercial Vehicle Group (NAS:CVGI) 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.

Commercial Vehicle Group has the Financial Strength Rank of 5.

Commercial Vehicle Group Financial Strength Related Terms

Thank you for viewing the detailed overview of Commercial Vehicle Group's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.

Commercial Vehicle Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Commercial Vehicle Group Inc (NAS:CVGI) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

FDU:Germany

Address

7800 Walton Parkway, New Albany, OH, USA, 43054

Website

https://www.cvgrp.com

Commercial Vehicle Group Inc is a provider of systems, assemblies, and components to the commercial vehicle market and the electric vehicle markets. It delivers solutions to complex design, engineering, and manufacturing problems while creating positive change for customers, industries, and communities. Its operating segments are Vehicle Solutions, Electrical Systems, and Aftermarket and Accessories. The company makes the majority of its revenue from Vehicle Solutions. The group generates revenue from its products including seating systems, plastic components, electrical wire harnesses, mirrors, wipers, and other accessories. Its geographic regions are North America, Europe and Asia-Pacific.

Executives

Ray James R Jr	director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
J Michael Nauman	director	C/O MOLEX INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60532
Robert C Griffin	director	BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Wayne M Rancourt	director	1111 WEST JEFFERSON STREET, SUITE 300, P O BOX 50, BOISE ID 83728
Melanie K. Cook	director	4545 W. BROWN DEER ROAD, P.O. BOX 245036, MILWAUKEE WI 53224
Roger L Fix	director
Chung Kin Cheung	officer: EVP & CFO	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Aneezal H Mohamed	officer: General Counsel, Cmp Ofc & Sec	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Richard Iii Tajer	officer: SVP & Chief Commercial Officer	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Kristin S Mathers	officer: Chief HR Officer	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Christopher H Bohnert	officer: CFO & Chief Accounting Officer	2780 WATERFRONT PARKWAY EAST DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Harold C Bevis	director	8537 SIX FORKS RD., SUITE 300, RALEIGH NC 27615
Ruth Gratzke	director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Angela M O'leary	other: VP, Controller & Ch Acct Offcr	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Edmund S Carney	officer: Interim CFO	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054