Qev NV (FRA:7IO) Financial Strength: 5 (As of Dec. 2022) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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FRA:7IO Qev NV FRA:7IO
19 GF Score
Price €0.38
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What is Qev NV Financial Strength?

Qev NV FRA:7IO 19 Financial Strength is 5 as of Dec. 2022, which is at its 10-year median of 5.00. GuruFocus rates FRA:7IO with a GF Score™ of 19/100.

Qev NV 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.

Qev NV did not have earnings to cover the interest expense. As of today, Qev NV's Altman Z-Score is 0.00.


Qev NV  (FRA:7IO) 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.

Qev NV has the Financial Strength Rank of 5.


Qev NV Financial Strength Related Terms


FRA:7IO vs TSLA, STLA, F: Financial Strength Comparison

For the Auto Manufacturers subindustry, Qev NV'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.


Qev NV Financial Strength vs Vehicles & Parts Industry

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

* The bar in red indicates where Qev NV's Financial Strength falls into.


FRA:7IO
19GF Score
Qev NV FRA:7IO
Financial Strength is just one metric. See GF Score™, valuation, warning signs, and more.
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Qev NV 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:

Qev NV's Interest Expense for the months ended in Dec. 2022 was €-3.92 Mil. Its Operating Income for the months ended in Dec. 2022 was €-1.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was €0.00 Mil.

Qev NV's Interest Coverage for the quarter that ended in Dec. 2022 is

Qev NV 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.

Qev NV's Debt to Revenue Ratio for the quarter that ended in Dec. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 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.

Qev NV 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.

Frequently Asked Questions Learn more about Financial Strength →
What does a Financial Strength of 5 mean?
Qev NV (FRA:7IO) has a Financial Strength of 5 as of Dec. 2022. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Qev NV and its competitors. This is near median its historical median of 5.00. Over the past decade, Qev NV's Financial Strength has ranged from 1.00 to 6.00.
Is Qev NV's Financial Strength too high?
Qev NV's current Financial Strength of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. Overall, Qev NV has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Qev NV's Financial Strength compare to TSLA and STLA?
Qev NV's Financial Strength of 5 can be compared against companies in the Vehicles & Parts industry. Historically, Qev NV's own Financial Strength has ranged from 1.00 to 6.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Financial Strength for a Vehicles & Parts company?
A good Financial Strength depends on the Vehicles & Parts industry context. However, Financial Strength should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Financial Strength mean?
A high Financial Strength can signal that a stock is expensive relative to its fundamentals. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Qev NV and its competitors. Qev NV's current Financial Strength is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qev NV stock overvalued right now?
Qev NV (FRA:7IO) has a current Financial Strength of 5. The current Financial Strength is 5, which is near median its 10-year median of 5.00. Qev NV's overall GF Score™ is 19/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Financial Strength calculated?
Financial Strength is calculated from a company's financial statements. For Qev NV (FRA:7IO), the current Financial Strength is 5 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Qev NV Business Description

Address Carrer del Rec Molinar, 11, Montmelo, Barcelona, ESP, 08160
Qev NV designs, develops, manufactures, and sells electric light commercial vehicles and electric buses, as well as offering aftersales and maintenance services, and has further business lines related to electric motorsport. It sells its electric vans, trucks and buses primarily to businesses and public transport companies seeking to establish or grow their electric fleets, and is focused on serving the urban mobility and last-mile delivery markets. Under the ZEROID brand, QEV Technologies offers a zero-emission fleet that includes multiple electric van models, delivery trucks, and electric and hydrogen platforms for buses.
19GF Score

Get the complete analysis for FRA:7IO

Financial Strength is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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