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Box Ships (Box Ships) Financial Strength : 0 (As of Dec. 2015)


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What is Box Ships Financial Strength?

Box Ships 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.

Box Ships did not have earnings to cover the interest expense. Box Ships's debt to revenue ratio for the quarter that ended in Dec. 2015 was 3.02. As of today, Box Ships's Altman Z-Score is 0.00.


Competitive Comparison of Box Ships's Financial Strength

For the Marine Shipping subindustry, Box Ships'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.


Box Ships's Financial Strength Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Box Ships's Financial Strength distribution charts can be found below:

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



Box Ships 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:

Box Ships's Interest Expense for the months ended in Dec. 2015 was $-1.30 Mil. Its Operating Income for the months ended in Dec. 2015 was $-1.96 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2015 was $0.00 Mil.

Box Ships's Interest Coverage for the quarter that ended in Dec. 2015 is

Box Ships did not have earnings to cover the interest expense.

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

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

Box Ships's Debt to Revenue Ratio for the quarter that ended in Dec. 2015 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2015 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(122.763 + 0) / 40.612
=3.02

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.

Box Ships 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.


Box Ships  (OTCPK:TEUFF) 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.

Box Ships has the Financial Strength Rank of 0.


Box Ships Financial Strength Related Terms

Thank you for viewing the detailed overview of Box Ships's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Box Ships (Box Ships) Business Description

Traded in Other Exchanges
N/A
Address
15, Karamanli Avenue, Voula, GRC, GR 16673
Box Ships Inc is a shipping company specializing in the transportation of containers and the provision of commercial management services to shipping companies. The time charter generates maximum revenue for the company.

Box Ships (Box Ships) Headlines

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