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CVGRF (City View Green Holdings) Financial Strength : 0 (As of Sep. 2024)


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What is City View Green Holdings Financial Strength?

City View Green Holdings 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.

City View Green Holdings did not have earnings to cover the interest expense. As of today, City View Green Holdings's Altman Z-Score is 0.00.


Competitive Comparison of City View Green Holdings's Financial Strength

For the Drug Manufacturers - Specialty & Generic subindustry, City View Green Holdings'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.


City View Green Holdings's Financial Strength Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, City View Green Holdings's Financial Strength distribution charts can be found below:

* The bar in red indicates where City View Green Holdings's Financial Strength falls into.



City View Green Holdings 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:

City View Green Holdings's Interest Expense for the months ended in Sep. 2024 was $-0.02 Mil. Its Operating Income for the months ended in Sep. 2024 was $-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil.

City View Green Holdings's Interest Coverage for the quarter that ended in Sep. 2024 is

City View Green Holdings 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.

City View Green Holdings's Debt to Revenue Ratio for the quarter that ended in Sep. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1.084 + 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.

City View Green Holdings 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.


City View Green Holdings  (OTCPK:CVGRF) 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.

City View Green Holdings has the Financial Strength Rank of 0.


City View Green Holdings Financial Strength Related Terms

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City View Green Holdings Business Description

Traded in Other Exchanges
Address
345 Danforth Avenue, Suite 132, Toronto, ON, CAN, M4K 1N7
City View Green Holdings Inc is a vertically integrated cannabis company. The company intends to produce medicinal products and recreational cannabis products for the Adult-Use market. Its facility is located in Brantford Ontario which offers cultivation and extraction space.

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