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Mobiquity Technologies (Mobiquity Technologies) Financial Strength : 3 (As of Mar. 2024)


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What is Mobiquity Technologies Financial Strength?

Mobiquity Technologies has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Mobiquity Technologies Inc displays poor financial strength. Usually, this is caused by too much debt for the company.

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.

Mobiquity Technologies did not have earnings to cover the interest expense. Mobiquity Technologies's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.46. As of today, Mobiquity Technologies's Altman Z-Score is -76.83.


Competitive Comparison of Mobiquity Technologies's Financial Strength

For the Advertising Agencies subindustry, Mobiquity 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.


Mobiquity Technologies's Financial Strength Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Mobiquity Technologies's Financial Strength distribution charts can be found below:

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



Mobiquity 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:

Mobiquity Technologies's Interest Expense for the months ended in Mar. 2024 was $-0.06 Mil. Its Operating Income for the months ended in Mar. 2024 was $-1.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Mobiquity Technologies's Interest Coverage for the quarter that ended in Mar. 2024 is

Mobiquity 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.

Mobiquity Technologies's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.48 + 0) / 1.052
=0.46

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.

Mobiquity Technologies has a Z-score of -76.83, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -76.83 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.


Mobiquity Technologies  (OTCPK:MOBQW) 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.

Mobiquity Technologies has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


Mobiquity Technologies Financial Strength Related Terms

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Mobiquity Technologies (Mobiquity Technologies) Business Description

Traded in Other Exchanges
Address
35 Torrington Lane, Shoreham, New York, NY, USA, 11786
Mobiquity Technologies Inc through its subsidiaries provides Advertising, Data Licensing, Footfall Reporting, Attribution Reporting, Real Estate Planning, Financial Forecasting and Custom Research services. The company generates revenue from the sale of service.

Mobiquity Technologies (Mobiquity Technologies) Headlines

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