QBAK (Qualstar) Financial Strength: 0 (As of Sep. 2023)

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QBAK Qualstar Corp QBAK
12 GF Score
Price $3.55
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What is Qualstar Financial Strength?

Qualstar has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Qualstar has no long-term debt (1). Qualstar's debt to revenue ratio for the quarter that ended in Sep. 2023 was 0.01. As of today, Qualstar's Altman Z-Score is 0.00.

(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.

Qualstar  (OTCPK:QBAK) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Qualstar has the Financial Strength Rank of 0.

Qualstar Financial Strength Related Terms

QBAK vs POLA, OZSC, XPON: Financial Strength Comparison

For the Electrical Equipment & Parts subindustry, Qualstar'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.

Qualstar Financial Strength vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qualstar's Financial Strength distribution charts can be found below:

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


QBAK
12GF Score
Qualstar Corp QBAK
Financial Strength is just one metric. See GF Score™, valuation, warning signs, and more.
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Qualstar 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:

Qualstar's Interest Expense for the months ended in Sep. 2023 was $0.00 Mil. Its Operating Income for the months ended in Sep. 2023 was $0.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.

Qualstar's Interest Coverage for the quarter that ended in Sep. 2023 is

Qualstar had no long-term debt (1).

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Qualstar's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.138 + 0) / 12.568
=0.01

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.

Qualstar 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.

Qualstar Business Description

Address 1267 Flynn Road, Suite 105, Camarillo, CA, USA, 93012
Qualstar Corp is a U.S.-based provider of data storage systems marketed under the Qualstar brand and power solutions marketed under the N2Power brand. The company operates through the Data Storage segment, which generates the majority of its revenue. It manufactures automated magnetic tape libraries to store, retrieve, and manage electronic data for archive, backup, and recovery, and provides technical customer support services. The Power Supplies segment designs and markets high-efficiency switching power supplies for electronic equipment. The company utilizes contract manufacturers in Asia and sells its products globally through authorized resellers and directly to OEMs. It operates in North America, Europe, Asia Pacific, and others, with the majority of its revenue from North America.
12GF Score

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Financial Strength is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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