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Lifeist Wellness (Lifeist Wellness) Financial Strength : 0 (As of Feb. 2024)


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What is Lifeist Wellness Financial Strength?

Lifeist Wellness 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.

Lifeist Wellness did not have earnings to cover the interest expense. Lifeist Wellness's debt to revenue ratio for the quarter that ended in Feb. 2024 was 0.06. As of today, Lifeist Wellness's Altman Z-Score is -21.43.


Competitive Comparison of Lifeist Wellness's Financial Strength

For the Drug Manufacturers - Specialty & Generic subindustry, Lifeist Wellness'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.


Lifeist Wellness's Financial Strength Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Lifeist Wellness's Financial Strength distribution charts can be found below:

* The bar in red indicates where Lifeist Wellness's Financial Strength falls into.



Lifeist Wellness 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:

Lifeist Wellness's Interest Expense for the months ended in Feb. 2024 was $-0.02 Mil. Its Operating Income for the months ended in Feb. 2024 was $-1.85 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.61 Mil.

Lifeist Wellness's Interest Coverage for the quarter that ended in Feb. 2024 is

Lifeist Wellness 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.

Lifeist Wellness's Debt to Revenue Ratio for the quarter that ended in Feb. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Feb. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.263 + 0.608) / 14.584
=0.06

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.

Lifeist Wellness has a Z-score of -21.43, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -21.43 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.


Lifeist Wellness  (OTCPK:LFSWD) 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.

Lifeist Wellness has the Financial Strength Rank of 0.


Lifeist Wellness Financial Strength Related Terms

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Lifeist Wellness (Lifeist Wellness) Business Description

Traded in Other Exchanges
Address
18 Canso Road, Etobicoke, Toronto, ON, CAN, M9W 4L8
Lifeist Wellness Inc is a portfolio wellness company leveraging advancements in science and technology. Its portfolio of brands includes: CannMart Inc, a distributor of licensed and in-house branded adult-use cannabis and cannabis derived products in Canada; CannMart Marketplace Inc operates CannMart.com, an online marketplace for hemp-derived CBD and accessories in the U.S.; CannMart Labs Inc, licensed facility for BHO (butane hash oil) extraction within Canada; Findify, an artificial intelligence-powered technology platform, delivering solutions such as personalized search, recommendations, and advanced data analytics; Australian Vapes online supplier of hardware, including vaporizers, and related accessories and Mikra, a biosciences and consumer wellness company.