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Baltic Classifieds Group (STU:983) Financial Strength : 8 (As of Oct. 2023)


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What is Baltic Classifieds Group Financial Strength?

Baltic Classifieds Group has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

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.

Baltic Classifieds Group's Interest Coverage for the quarter that ended in Oct. 2023 was 10.36. Baltic Classifieds Group's debt to revenue ratio for the quarter that ended in Oct. 2023 was 0.77. As of today, Baltic Classifieds Group's Altman Z-Score is 11.65.


Competitive Comparison of Baltic Classifieds Group's Financial Strength

For the Internet Content & Information subindustry, Baltic Classifieds Group'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.


Baltic Classifieds Group's Financial Strength Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Baltic Classifieds Group's Financial Strength distribution charts can be found below:

* The bar in red indicates where Baltic Classifieds Group's Financial Strength falls into.



Baltic Classifieds Group 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:

Baltic Classifieds Group's Interest Expense for the months ended in Oct. 2023 was €-1.87 Mil. Its Operating Income for the months ended in Oct. 2023 was €19.37 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was €54.41 Mil.

Baltic Classifieds Group's Interest Coverage for the quarter that ended in Oct. 2023 is

Interest Coverage=-1*Operating Income (Q: Oct. 2023 )/Interest Expense (Q: Oct. 2023 )
=-1*19.373/-1.87
=10.36

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

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

Baltic Classifieds Group's Debt to Revenue Ratio for the quarter that ended in Oct. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Oct. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.395 + 54.413) / 71.582
=0.77

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.

Baltic Classifieds Group has a Z-score of 11.65, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 11.65 is strong.

* 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.


Baltic Classifieds Group  (STU:983) 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.

Baltic Classifieds Group has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.


Baltic Classifieds Group Financial Strength Related Terms

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Baltic Classifieds Group (STU:983) Business Description

Traded in Other Exchanges
Address
Saltoniskiu Street 9B, Vilnius, LTU, LT-08105
Baltic Classifieds Group PLC is an online classifieds group in the Baltics which owns and operates various vertical and generalist online classifieds portals in Estonia, Latvia, and Lithuania. Its online classifieds portfolio comprises vertical online classifieds portals, including vertical portals for automotive, real estate, and jobs and services, and a few generalist portals, offering a wide range of products. The main focus of the Group is operating leading online classifieds platforms for automotive, real estate, jobs and services, and general merchandise in the Baltics. lt generates revenue from fees for service packages based on the number of job ad postings; fees for short-term services including job ad promotion, job ads, and access to the resume database.

Baltic Classifieds Group (STU:983) Headlines

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