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Signature Eyewear (Signature Eyewear) Financial Strength : 0 (As of Apr. 2011)


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What is Signature Eyewear Financial Strength?

Signature Eyewear 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.

Signature Eyewear's Interest Coverage for the quarter that ended in Apr. 2011 was 1.33. Signature Eyewear's debt to revenue ratio for the quarter that ended in Apr. 2011 was 0.23. As of today, Signature Eyewear's Altman Z-Score is 0.00.


Competitive Comparison of Signature Eyewear's Financial Strength

For the Medical Instruments & Supplies subindustry, Signature Eyewear'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.


Signature Eyewear's Financial Strength Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Signature Eyewear's Financial Strength distribution charts can be found below:

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



Signature Eyewear 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:

Signature Eyewear's Interest Expense for the months ended in Apr. 2011 was $-0.03 Mil. Its Operating Income for the months ended in Apr. 2011 was $0.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2011 was $3.93 Mil.

Signature Eyewear's Interest Coverage for the quarter that ended in Apr. 2011 is

Interest Coverage=-1*Operating Income (Q: Apr. 2011 )/Interest Expense (Q: Apr. 2011 )
=-1*0.044/-0.033
=1.33

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

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

Signature Eyewear's Debt to Revenue Ratio for the quarter that ended in Apr. 2011 is

Debt to Revenue Ratio=Total Debt (Q: Apr. 2011 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.29 + 3.931) / 18.04
=0.23

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.

Signature Eyewear 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.


Signature Eyewear  (OTCPK:SEYE) 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.

Signature Eyewear has the Financial Strength Rank of 0.


Signature Eyewear Financial Strength Related Terms

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Signature Eyewear (Signature Eyewear) Business Description

Traded in Other Exchanges
N/A
Address
317 Isis Avenue 207, Inglewood, CA, USA, 90301
Signature Eyewear Inc designs, markets and distributes prescription eyeglass frames and sunwear under brand name licenses. Through its partnerships with Bobby Jones, Carmen Marc Valvo, Cutter & Buck, Dakota Smith, Hart Schaffner Marx, Hickey Freeman Laura Ashley, Laura Ashley Girls, Michael Stars, and Rough Justice, and the company brings quality products and distinct designs to the optical marketplace.

Signature Eyewear (Signature Eyewear) Headlines

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