What is Piedmont Natural Gas Co Financial Strength?
Piedmont Natural Gas Co 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.
Piedmont Natural Gas Co's Interest Coverage for the quarter that ended in Jul. 2016 was 0.42.
Piedmont Natural Gas Co's debt to revenue ratio for the quarter that ended in Jul. 2016 was 3.27.
As of today, Piedmont Natural Gas Co's Altman Z-Score is 0.00.
Competitive Comparison of Piedmont Natural Gas Co's Financial Strength
For the Utilities - Regulated Gas subindustry, Piedmont Natural Gas Co'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.
Piedmont Natural Gas Co's Financial Strength Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Piedmont Natural Gas Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Piedmont Natural Gas Co's Financial Strength falls into.
Piedmont Natural Gas Co 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:
Piedmont Natural Gas Co's Interest Expense for the
months ended in Jul. 2016 was $-16 Mil. Its Operating Income for the
months ended in Jul. 2016 was $7 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2016 was $1,821 Mil.
Piedmont Natural Gas Co's Interest Coverage for the quarter that ended in Jul. 2016 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Piedmont Natural Gas Co's Debt to Revenue Ratio for the quarter that ended in Jul. 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.
Piedmont Natural Gas Co 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.
Piedmont Natural Gas Co (Piedmont Natural Gas Co) Business Description
Traded in Other Exchanges
N/A
Address
Piedmont Natural Gas Co Inc was incorporated in New York in 1950 and began operations in 1951. In 1994, it merged into a newly formed North Carolina corporation with the same name for the purpose of changing its state of incorporation to North Carolina. The Company is an energy services company whose business is distribution of natural gas to residential, commercial, industrial and power generation clients in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are its wholesale customers. The Company is invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, regulated interstate natural gas transportation and storage and regulated intrastate natural gas transportation. It provides service from resource centers in Anderson, Greenville and Spartanburg in South Carolina and Charlotte, Salisbury, Greensboro, Winston-Salem, High Point, Burlington, Hickory, Indian Trail, Spruce Pine, Reidsville, Fayetteville, New Bern, Wilmington, Tarboro, Elizabeth City, Rockingham and Goldsboro in North Carolina. In North Carolina, it also provides natural gas service to Greenville, Rocky Mount and Wilson. In Tennessee, its service area is the metropolitan area of Nashville, including wholesale natural gas service to Gallatin and Smyrna. The Company has three reportable business segments, regulated utility, regulated non-utility activities and unregulated non-utility activities. The regulated utility segment includes operating a safe and reliable natural gas distribution system and the ability to recover the costs and expenses of the business in the rates charged to customers. The regulated non-utility activities segment consists of equity method investments in regulated energy-related joint ventures that are held by the Company's wholly-owned subsidiaries. The unregulated non-utility activities segment consists of its equity method investment in an unregulated energy-related joint venture that is held by a wholly-owned subsidiary. The regulated utility competes with other energy products, such as electricity and propane, in the residential and commercial customer markets. Natural gas for power generation competes with other fuel sources for the generation of electricity, including coal, nuclear and renewable resources. Additionally, as with industrial customers, the Company competes with other pipeline providers to serve the power generation plants.
Executives
| Frank H Yoho |
officer: Senior Vice President |
5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240 |
| Thomas E Skains |
director, officer: Chairman, President and CEO |
214 N TRYON STREET, CHARLOTTE NC 28202 |
| Phillip D Wright |
director |
17988 EDISON AVE., CHESTERFIELD MO 63005 |
| Holding Frank B Jr |
director |
4300 SIX FORKS ROAD, RALEIGH NC 27609 |
| Vicki W Mcelreath |
director |
PO BOX 33068, CHARLOTTE NC 28233 |
| Minor M Shaw |
director |
PO BOX 6721, C/O MICCO CORP, GREENVILLE SC 29606 |
| John W Harris |
director |
PO BOX 26532, RICHMOND VA 23261 |
| Kim R Cocklin |
officer: Vice President |
C/O ATMOS ENERGY CORPORATION, PO BOX 650205, DALLAS TX 75256 |
Piedmont Natural Gas Co (Piedmont Natural Gas Co) Headlines
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