What is Sphere Medical Holding Financial Strength?
Sphere Medical Holding 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.
Sphere Medical Holding has no long-term debt (1).
Sphere Medical Holding's debt to revenue ratio for the quarter that ended in Dec. 2016 was 0.00.
As of today, Sphere Medical Holding's Altman Z-Score is -12.49.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Sphere Medical Holding's Financial Strength
For the Medical Devices subindustry, Sphere Medical Holding'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.
Sphere Medical Holding's Financial Strength Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Sphere Medical Holding's Financial Strength distribution charts can be found below:
* The bar in red indicates where Sphere Medical Holding's Financial Strength falls into.
Sphere Medical Holding 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:
Sphere Medical Holding's Interest Expense for the
months ended in Dec. 2016 was £0.00 Mil. Its Operating Income for the
months ended in Dec. 2016 was £-2.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2016 was £0.00 Mil.
Sphere Medical Holding's Interest Coverage for the quarter that ended in Dec. 2016 is
| Sphere Medical Holding had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Sphere Medical Holding PLC has no debt.
2. Debt to revenue ratio. The lower, the better.
Sphere Medical Holding's Debt to Revenue Ratio for the quarter that ended in Dec. 2016 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.
Sphere Medical Holding has a Z-score of -12.49, 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.
Sphere Medical Holding (LSE:SPHR) Business Description
Traded in Other Exchanges
N/A
Address
Harston Mill, Harston, Cambridge, GBR, CB22 7GG
Sphere Medical Holding Ltd is a UK-based company which is engaged in research and development, manufacturing and sale of medical monitoring and diagnostic equipment within the medical device area. It focuses on developing the Proxima platform for measuring blood gases, electrolytes and metabolites. Proxima is an in-line patient dedicated arterial blood analyser which supports frequent measurements at critical times. It markets its product (Proxima) to critical care market which includes ICU (Intensive Care Unit) and OR (Operating Room). The company's products are used in medical applications, enabling faster clinical decision-making and improved patient outcomes. It operates is business in single reporting segment of Medical devices. Most of the company's revenue comes from Europe.
Sphere Medical Holding (LSE:SPHR) Headlines
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