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VICFF (Vice Health and Wellness) Financial Strength : 0 (As of Jun. 2023)


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What is Vice Health and Wellness Financial Strength?

Vice Health and Wellness 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.

Vice Health and Wellness did not have earnings to cover the interest expense. Vice Health and Wellness's debt to revenue ratio for the quarter that ended in Jun. 2023 was 0.00. As of today, Vice Health and Wellness's Altman Z-Score is 0.00.


Competitive Comparison of Vice Health and Wellness's Financial Strength

For the Confectioners subindustry, Vice Health and Wellness'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.


Vice Health and Wellness's Financial Strength Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Vice Health and Wellness's Financial Strength falls into.



Vice Health and Wellness 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:

Vice Health and Wellness's Interest Expense for the months ended in Jun. 2023 was $0.00 Mil. Its Operating Income for the months ended in Jun. 2023 was $-0.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil.

Vice Health and Wellness's Interest Coverage for the quarter that ended in Jun. 2023 is

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

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

Vice Health and Wellness's Debt to Revenue Ratio for the quarter that ended in Jun. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 0.044
=0.00

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.

Vice Health and Wellness 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.


Vice Health and Wellness  (OTCPK:VICFF) 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.

Vice Health and Wellness has the Financial Strength Rank of 0.


Vice Health and Wellness Financial Strength Related Terms

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Vice Health and Wellness Business Description

Traded in Other Exchanges
N/A
Address
734 - 1055 Dunsmuir Street, Vancouver, BC, CAN, V7X 1B1
Vice Health and Wellness Inc formerly The Gummy Project sells low-sugar, plant-based gummy products while raising money (and awareness) to support endangered keystone species. It operates "better for you" candy company that is built to support planet's most precious species and ecosystems, while educating our future generations on the steps we must take today, to ensure a viable tomorrow.