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International Market Centers (International Market Centers) Financial Strength : 0 (As of Dec. 2014)


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What is International Market Centers Financial Strength?

International Market Centers 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.

International Market Centers's Interest Coverage for the quarter that ended in Dec. 2014 was 0.62. International Market Centers's debt to revenue ratio for the quarter that ended in Dec. 2014 was 3.28. As of today, International Market Centers's Altman Z-Score is 0.00.


Competitive Comparison of International Market Centers's Financial Strength

For the REIT - Retail subindustry, International Market Centers'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.


International Market Centers's Financial Strength Distribution in the REITs Industry

For the REITs industry and Real Estate sector, International Market Centers's Financial Strength distribution charts can be found below:

* The bar in red indicates where International Market Centers's Financial Strength falls into.



International Market Centers 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:

International Market Centers's Interest Expense for the months ended in Dec. 2014 was $-34.08 Mil. Its Operating Income for the months ended in Dec. 2014 was $21.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2014 was $533.68 Mil.

International Market Centers's Interest Coverage for the quarter that ended in Dec. 2014 is

Interest Coverage=-1*Operating Income (Q: Dec. 2014 )/Interest Expense (Q: Dec. 2014 )
=-1*21.12/-34.08
=0.62

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

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

International Market Centers's Debt to Revenue Ratio for the quarter that ended in Dec. 2014 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2014 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 533.68) / 162.801
=3.28

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.

International Market Centers 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.


International Market Centers  (NYSE:IMC) 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.

International Market Centers has the Financial Strength Rank of 0.


International Market Centers Financial Strength Related Terms

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International Market Centers (International Market Centers) Business Description

Traded in Other Exchanges
N/A
Address
International Market Centers Inc was incorporated in Maryland on June 27, 2014. The Company is structured as an internally-managed REIT. The Company is the owner and operator of permanent business-to-business showroom space in North America for the home furniture industry and owners and operators of permanent business-to-business showroom space for the home décor and gift industries. The Company owns approximately 11.9 million gross square feet of showroom space across 13 buildings in High Point, North Carolina and three buildings and three exhibition pavilions in Las Vegas, Nevada. The Company leases its space on a long-term basis to manufacturers and suppliers of home furniture, home décor and gift products that participate in the Company's Markets. The Company faces competition from other Markets that serve manufacturers and suppliers and buyers of home furniture, home décor and gift products.

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