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Quality Care Properties (Quality Care Properties) Financial Strength : 0 (As of Mar. 2018)


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What is Quality Care Properties Financial Strength?

Quality Care Properties 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.

Quality Care Properties's Interest Coverage for the quarter that ended in Mar. 2018 was 0.72. Quality Care Properties's debt to revenue ratio for the quarter that ended in Mar. 2018 was 5.93. As of today, Quality Care Properties's Altman Z-Score is 0.00.


Competitive Comparison of Quality Care Properties's Financial Strength

For the REIT - Healthcare Facilities subindustry, Quality Care Properties'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.


Quality Care Properties's Financial Strength Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Quality Care Properties's Financial Strength distribution charts can be found below:

* The bar in red indicates where Quality Care Properties's Financial Strength falls into.



Quality Care Properties 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:

Quality Care Properties's Interest Expense for the months ended in Mar. 2018 was $-36.0 Mil. Its Operating Income for the months ended in Mar. 2018 was $26.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was $1,762.0 Mil.

Quality Care Properties's Interest Coverage for the quarter that ended in Mar. 2018 is

Interest Coverage=-1*Operating Income (Q: Mar. 2018 )/Interest Expense (Q: Mar. 2018 )
=-1*26.032/-35.987
=0.72

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

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

Quality Care Properties's Debt to Revenue Ratio for the quarter that ended in Mar. 2018 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2018 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 1762.023) / 297.176
=5.93

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.

Quality Care Properties 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.


Quality Care Properties  (NYSE:QCP) 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.

Quality Care Properties has the Financial Strength Rank of 0.


Quality Care Properties Financial Strength Related Terms

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Quality Care Properties (Quality Care Properties) Business Description

Traded in Other Exchanges
N/A
Address
Quality Care Properties Inc is a self-managed and self-administered real estate investment trust. It is in the business of owning and leasing post-acute nursing properties and memory care living properties. The company derives revenues from the rent payable under the master lease. The company operates through a single reportable business segment, Triple net leased properties, in which the company leases properties to healthcare operating companies under triple net leases that obligate the tenants to pay all property related expenses.
Executives
Glenn Gary Cohen director 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Donald C Wood director 909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
C Marc Richards officer: Chief Financial Officer 7315 WISCONSIN AVENUE, SUITE 250-W, BETHESDA MD 20814
Mark S Ordan director, officer: Director, Chief Exec. Officer 7315 WISCONSIN AVENUE, SUITE #250 WEST, BETHESDA MD 20814