What is AS-IP Tech Financial Strength?
AS-IP Tech 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.
AS-IP Tech did not have earnings to cover the interest expense.
AS-IP Tech's debt to revenue ratio for the quarter that ended in Mar. 2023 was 15.50.
As of today, AS-IP Tech's Altman Z-Score is 0.00.
Competitive Comparison of AS-IP Tech's Financial Strength
For the Communication Equipment subindustry, AS-IP Tech'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.
AS-IP Tech's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, AS-IP Tech's Financial Strength distribution charts can be found below:
* The bar in red indicates where AS-IP Tech's Financial Strength falls into.
AS-IP Tech 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:
AS-IP Tech's Interest Expense for the
months ended in Mar. 2023 was $-0.08 Mil. Its Operating Income for the
months ended in Mar. 2023 was $-0.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil.
AS-IP Tech's Interest Coverage for the quarter that ended in Mar. 2023 is
| AS-IP Tech 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.
AS-IP Tech's Debt to Revenue Ratio for the quarter that ended in Mar. 2023 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.
AS-IP Tech 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.
AS-IP Tech (AS-IP Tech) Business Description
Traded in Other Exchanges
N/A
Address
1/15 Castles Drive, Torquay, VIC, AUS, 3228
AS-IP Tech Inc is engaged in creating in-flight connectivity systems that utilize Bluetooth Smart technology as a low-cost alternative to the traditionally expensive Wi-Fi platform. The company's technology consists of two products BizjetMobile and fflya. BizjetMobile provides corporate jets with an alternative global inflight connectivity solution and is marketed under the brand names CHiiMP and BizjetInternet. These are mobile apps that deliver optimized inflight text and email for passengers and crew; and fflya provides airlines with an inflight connectivity approach based on the latest mobile app technology, narrowband satellite links, and BlueTooth technology. The fflya platform reduces the installation, certification and equipment costs by up to 90% compared to inflight broadband.
Executives
| Richard Lukso |
director |
5610 VIA ARBOLADA, TUCSON AZ 85750 |
| Philip Andrew Shiels |
director, officer: Chief Financial Officer |
88 ELGIN STREET, HAWTHORN C3 3122 |
| Ronald John Chapman |
director, 10 percent owner, officer: Chief Executive Officer |
160 SILVAN ROAD, WATTLE GLEN C3 3096 |
| Graham Owen Chappell |
director |
5 MARINE PARADE, STE 2, ST KILDA, VICTORIA C3 3182 |
| Van Der Griend Eric Paul |
10 percent owner |
100 BARKLY STREET, ST. KILDA C3 3182 |
AS-IP Tech (AS-IP Tech) Headlines
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