What is Albemarle & Bond Holdings Financial Strength?
Albemarle & Bond Holdings 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.
Albemarle & Bond Holdings's Interest Coverage for the quarter that ended in Jun. 2013 was 3.77.
Albemarle & Bond Holdings's debt to revenue ratio for the quarter that ended in Jun. 2013 was 0.50.
As of today, Albemarle & Bond Holdings's Altman Z-Score is 0.00.
Competitive Comparison of Albemarle & Bond Holdings's Financial Strength
For the Credit Services subindustry, Albemarle & Bond Holdings'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.
Albemarle & Bond Holdings's Financial Strength Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Albemarle & Bond Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where Albemarle & Bond Holdings's Financial Strength falls into.
Albemarle & Bond Holdings 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:
Albemarle & Bond Holdings's Interest Expense for the
months ended in Jun. 2013 was £-1.8 Mil. Its Operating Income for the
months ended in Jun. 2013 was £6.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was £0.0 Mil.
Albemarle & Bond Holdings's Interest Coverage for the quarter that ended in Jun. 2013 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Albemarle & Bond Holdings's Debt to Revenue Ratio for the quarter that ended in Jun. 2013 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.
Albemarle & Bond Holdings 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.
Albemarle & Bond Holdings (LSE:ABM) Business Description
Traded in Other Exchanges
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Address
Albemarle & Bond Holdings PLC was incorporated on January 17, 1986. The Company is a holding company engaged in pawnbroking, retail jewellery sales, gold purchasing, unsecured lending, including cheque cashing and other financial services. It has approximately 230 stores and 1,000 employees. Operating under the two brands, Albemarle Bond and Herbert Brown, it provides its customers with a range of services including jewellery retailing, pawnbroking loans, gold purchasing and a range of unsecured loan products. The pawn loan is secured against jewellery for a maximum of six months. The customer can redeem their jewellery by repaying the loan and interest owing at any time without incurring penalties for early redemption. The Company provides short-term loans through three products, PayDay Advances, Speedloans, and Cheque Cashing. PayDay Advances offer customers short-term unsecured loans to meet their cash flow requirements until wages are received. Speedloans provide customers with immediately available installment loans over a longer term of between six and 18 months and Cheque Cashing provides access to their cash for customers who have received cheques. The Company offers a range of new and second hand jewellery. Herbert Brown offers a range of new, second hand and antique jewellery.
Albemarle & Bond Holdings (LSE:ABM) Headlines
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