What is WesternZagros Resources Financial Strength?
WesternZagros Resources 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.
WesternZagros Resources has no long-term debt (1).
WesternZagros Resources's debt to revenue ratio for the quarter that ended in Mar. 2017 was 0.00.
As of today, WesternZagros Resources's Altman Z-Score is 0.00.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of WesternZagros Resources's Financial Strength
For the Oil & Gas E&P subindustry, WesternZagros Resources'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.
WesternZagros Resources's Financial Strength Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, WesternZagros Resources's Financial Strength distribution charts can be found below:
* The bar in red indicates where WesternZagros Resources's Financial Strength falls into.
WesternZagros Resources 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:
WesternZagros Resources's Interest Expense for the
months ended in Mar. 2017 was €0.00 Mil. Its Operating Income for the
months ended in Mar. 2017 was €-1.44 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2017 was €0.00 Mil.
WesternZagros Resources's Interest Coverage for the quarter that ended in Mar. 2017 is
| WesternZagros Resources had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
WesternZagros Resources's Debt to Revenue Ratio for the quarter that ended in Mar. 2017 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.
WesternZagros Resources 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.
WesternZagros Resources (FRA:44W) Business Description
Traded in Other Exchanges
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Address
WesternZagros Resources, Ltd. was incorporated under the ABCA on August 22, 2007. It is a publicly traded, Calgary-based, international oil and gas company focused on acquiring properties and exploring for developing and producing crude oil and natural gas in the Kurdistan Region of Iraq. It holds two Production Sharing Contracts with the Kurdistan Regional Government in the Kurdistan Region of Iraq that are both on trend with, and adjacent to, a number of prolific oil and gas discoveries. The Company through its wholly-owned subsidiaries holds a 40 percent working interest in each of the Garmian Production Sharing Contracts and the Kurdamir Production Sharing Contracts. It competes with numerous other organizations in the search for, and the acquisition of, oil and natural gas properties and in the marketing of oil and natural gas. The Company's operations are subject to general and specific regulations and restrictions governing drilling, production and processing, land tenure and use, environmental requirements, including site-specific environmental licences, permits and remediation requirements, workplace health and safety requirements, social impacts and other laws and regulations.
WesternZagros Resources (FRA:44W) Headlines
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