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Oragin Foods (TSXV:OG.H) Financial Strength : 0 (As of Jul. 2022)


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What is Oragin Foods Financial Strength?

Oragin Foods 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.

Oragin Foods did not have earnings to cover the interest expense. Oragin Foods's debt to revenue ratio for the quarter that ended in Jul. 2022 was 0.48. As of today, Oragin Foods's Altman Z-Score is 0.00.


Competitive Comparison of Oragin Foods's Financial Strength

For the Packaged Foods subindustry, Oragin Foods'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.


Oragin Foods's Financial Strength Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oragin Foods's Financial Strength distribution charts can be found below:

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



Oragin Foods 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:

Oragin Foods's Interest Expense for the months ended in Jul. 2022 was C$-0.32 Mil. Its Operating Income for the months ended in Jul. 2022 was C$-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2022 was C$7.36 Mil.

Oragin Foods's Interest Coverage for the quarter that ended in Jul. 2022 is

Oragin Foods 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.

Oragin Foods's Debt to Revenue Ratio for the quarter that ended in Jul. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Jul. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(3.542 + 7.359) / 22.604
=0.48

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.

Oragin Foods 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.


Oragin Foods  (TSXV:OG.H) 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.

Oragin Foods has the Financial Strength Rank of 0.


Oragin Foods Financial Strength Related Terms

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Oragin Foods (TSXV:OG.H) Business Description

Traded in Other Exchanges
N/A
Address
579 Kerr Street, Oakville, ON, CAN, V6B 4M9
Oragin Foods Inc is a Canadian multi-pronged food company, that owns and operates canada's natural and organic food retailers, where new and innovativefood and beverage brands are developed, acquired, grown and commercialized through a Consumer-Packaged Goods (CPG) Division.

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