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Location Based Technologies (Location Based Technologies) Financial Strength : 0 (As of May. 2015)


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What is Location Based Technologies Financial Strength?

Location Based Technologies 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.

Location Based Technologies did not have earnings to cover the interest expense. Location Based Technologies's debt to revenue ratio for the quarter that ended in May. 2015 was 5.48. As of today, Location Based Technologies's Altman Z-Score is 0.00.


Competitive Comparison of Location Based Technologies's Financial Strength

For the Scientific & Technical Instruments subindustry, Location Based Technologies'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.


Location Based Technologies's Financial Strength Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Location Based Technologies's Financial Strength distribution charts can be found below:

* The bar in red indicates where Location Based Technologies's Financial Strength falls into.



Location Based Technologies 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:

Location Based Technologies's Interest Expense for the months ended in May. 2015 was $-0.33 Mil. Its Operating Income for the months ended in May. 2015 was $-0.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2015 was $1.29 Mil.

Location Based Technologies's Interest Coverage for the quarter that ended in May. 2015 is

Location Based Technologies 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.

Location Based Technologies's Debt to Revenue Ratio for the quarter that ended in May. 2015 is

Debt to Revenue Ratio=Total Debt (Q: May. 2015 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(10.82 + 1.285) / 2.208
=5.48

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.

Location Based Technologies 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.


Location Based Technologies  (OTCPK:LBAS) 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.

Location Based Technologies has the Financial Strength Rank of 0.


Location Based Technologies Financial Strength Related Terms

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Location Based Technologies (Location Based Technologies) Business Description

Traded in Other Exchanges
N/A
Address
7545 Irvine Center Drive, Suite 200, Irvine, CA, USA, 92618
Location Based Technologies Inc is engaged in supplying fleet trackers, a small, affordable, fully sealed vehicle tracking system (combined GPS, wireless, and WiFi technology) designed to track and display vehicles and other mobile assets on the go. It is designed to be quickly installed and features easy-to-use user interfaces, including browser and apps. Its product offering includes PocketFinder. The company generates revenue from Device Sales and Services.

Location Based Technologies (Location Based Technologies) Headlines

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