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Corporate Resource Services (FRA:HTS1) Financial Strength : 0 (As of Sep. 2014)


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What is Corporate Resource Services Financial Strength?

Corporate Resource Services 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.

Corporate Resource Services's Interest Coverage for the quarter that ended in Sep. 2014 was 1.88. Corporate Resource Services's debt to revenue ratio for the quarter that ended in Sep. 2014 was 0.11. As of today, Corporate Resource Services's Altman Z-Score is 0.00.


Competitive Comparison of Corporate Resource Services's Financial Strength

For the Staffing & Employment Services subindustry, Corporate Resource Services'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.


Corporate Resource Services's Financial Strength Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Corporate Resource Services's Financial Strength distribution charts can be found below:

* The bar in red indicates where Corporate Resource Services's Financial Strength falls into.



Corporate Resource Services 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:

Corporate Resource Services's Interest Expense for the months ended in Sep. 2014 was €-3.4 Mil. Its Operating Income for the months ended in Sep. 2014 was €6.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2014 was €13.4 Mil.

Corporate Resource Services's Interest Coverage for the quarter that ended in Sep. 2014 is

Interest Coverage=-1*Operating Income (Q: Sep. 2014 )/Interest Expense (Q: Sep. 2014 )
=-1*6.306/-3.362
=1.88

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

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

Corporate Resource Services's Debt to Revenue Ratio for the quarter that ended in Sep. 2014 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2014 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(78.336 + 13.44) / 807.924
=0.11

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.

Corporate Resource Services 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.


Corporate Resource Services  (FRA:HTS1) 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.

Corporate Resource Services has the Financial Strength Rank of 0.


Corporate Resource Services Financial Strength Related Terms

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


Corporate Resource Services (FRA:HTS1) Business Description

Traded in Other Exchanges
N/A
Address
160 Broadway, 13th Floor, New York, NY, USA, 10038
Corporate Resource Services Inc provides diversified technology staffing, recruiting and consulting services. It offers trained employees for Insurance, IT, Accounting, Science, Healthcare, Creative Services, Hospitality, Retail and Light Industrial Work.

Corporate Resource Services (FRA:HTS1) Headlines

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