What is Dayton Power & Light Co Financial Strength?
Dayton Power & Light Co 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.
Dayton Power & Light Co did not have earnings to cover the interest expense.
Dayton Power & Light Co's debt to revenue ratio for the quarter that ended in Jun. 2016 was 0.60.
As of today, Dayton Power & Light Co's Altman Z-Score is 0.00.
Competitive Comparison of Dayton Power & Light Co's Financial Strength
For the Utilities - Regulated Electric subindustry, Dayton Power & Light Co'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.
Dayton Power & Light Co's Financial Strength Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Dayton Power & Light Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Dayton Power & Light Co's Financial Strength falls into.
Dayton Power & Light Co 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:
Dayton Power & Light Co's Interest Expense for the
months ended in Jun. 2016 was $-5.40 Mil. Its Operating Income for the
months ended in Jun. 2016 was $-830.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $313.80 Mil.
Dayton Power & Light Co's Interest Coverage for the quarter that ended in Jun. 2016 is
| Dayton Power & Light Co 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.
Dayton Power & Light Co's Debt to Revenue Ratio for the quarter that ended in Jun. 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.
Dayton Power & Light Co 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.
Dayton Power & Light Co (Dayton Power & Light Co) Business Description
Traded in Other Exchanges
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Address
Dayton Power & Light Co an Ohio corporation is a public utility incorporated in 1911. The Company sells electricity to residential, commercial, industrial and governmental customers in a 6,000 square mile area of West Central Ohio. Electricity for the Company's 24 county service area is generated at eight coal-fired power plants and is distributed to more than 513,000 retail customers. Principal industries served include automotive, food processing, paper, plastic, manufacturing and defense. It sells any excess energy and capacity into the wholesale market. It also sells electricity to DPLER, an affiliate, to satisfy the electric requirements of its retail customers. The Company's electric transmission and distribution businesses are subject to rate regulation by federal and state regulators while its generation business is not subject to such regulation.
Dayton Power & Light Co (Dayton Power & Light Co) Headlines
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