What is TurnOnGreen Financial Strength?
TurnOnGreen 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.
TurnOnGreen did not have earnings to cover the interest expense.
TurnOnGreen's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.24.
As of today, TurnOnGreen's Altman Z-Score is -18.82.
Competitive Comparison of TurnOnGreen's Financial Strength
For the Electrical Equipment & Parts subindustry, TurnOnGreen'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.
TurnOnGreen's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, TurnOnGreen's Financial Strength distribution charts can be found below:
* The bar in red indicates where TurnOnGreen's Financial Strength falls into.
TurnOnGreen 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:
TurnOnGreen's Interest Expense for the
months ended in Mar. 2024 was $-0.07 Mil. Its Operating Income for the
months ended in Mar. 2024 was $-0.67 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.49 Mil.
TurnOnGreen's Interest Coverage for the quarter that ended in Mar. 2024 is
| TurnOnGreen 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.
TurnOnGreen's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
TurnOnGreen has a Z-score of -18.82, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -18.82 is in distress zone. This implies bankruptcy 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.
TurnOnGreen (TurnOnGreen) Business Description
Traded in Other Exchanges
N/A
Address
1421 McCarthy Boulevard, Las Vegas, NV, USA, 95035
TurnOnGreen Inc is a company that designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets it serves include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility.
Executives
| Bitnile Holdings, Inc. |
10 percent owner |
11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
| Amos Kohn |
director, officer: Chief Executive Officer |
48430 LAKEVIEW BLVD., C/O DIGITAL POWER CORP, FREMONT CA 94538 |
| Douglas Gintz |
director, officer: Chief Technology Officer |
C/O TURNONGREEN, INC., 1421 MCCARTHY BLVD., MILPITAS CA 95035 |
| Marcus Charuvastra |
officer: President |
2980 BEVERLY GLEN CIR.,, STE 100, LOS ANGELES CA 90077 |
| Henry Carl Nisser |
director, officer: Chief Executive Officer |
100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017 |
| David J Katzoff |
officer: CFO, Secretary, Treasurer |
201 SHIPYARD WAY, NEWPORT BEACH CA 92663 |
| Kristie Andreula |
officer: Chief R and D Officer |
30 N GOULD STREET, SUITE 11023, SHERIDAN WY 82801 |
| Vincent Andruela |
director, officer: CEO, CFO, and President |
30 N GOULD STREET, SUITE 11023, SHERIDAN WY 82801 |
| Michael Andreula |
officer: Chief Marketing Officer |
30 N GOULD STREET, SUITE 11023, SHERIDAN WY 82801 |
| Karada Ltd |
10 percent owner |
TRUST COMPANY COMPLEX, AJELTAKE ROAD, AJELTAKE, MAJURO 1T MAJURO |
| Lars Brannvall |
director, officer: President, CEO, CFO, Secretary |
SUITE 5.18, MLS BUSINESS CENTRE, 130 SHAFTESBURY AVENUE, LONDON X0 W1D 5EU |
| Colour Industry Inc. |
10 percent owner |
PRASANMITR THANI TOWER, SUITE 2404, 41 SUKHUMVIT SOI 23, KLONGTOEY NUA, WATTANA, BANGKOK W1 10110 |
| Coloured Industry Technology Partnership 2 Llp |
10 percent owner |
4 BEDFORD ROW, LONDON X0 WC1R 4DF |
| Mobile Warrior Technology Partnership Llp |
10 percent owner |
4 BEDFORD ROW, LONDON X0 WC1R 4DF |
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