WaFd (WAFD) Financial Strength : 3 (As of Sep. 2024)

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What is WaFd Financial Strength?

WaFd has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

WaFd Inc displays poor financial strength. Usually, this is caused by too much debt for the company.

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.

GuruFocus does not calculate WaFd's interest coverage with the available data. WaFd's debt to revenue ratio for the quarter that ended in Sep. 2024 was 4.40. Altman Z-Score does not apply to banks and insurance companies.

WaFd 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:

WaFd's Interest Expense for the months ended in Sep. 2024 was $-201.3 Mil. Its Operating Income for the months ended in Sep. 2024 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $3,318.3 Mil.

WaFd's Interest Coverage for the quarter that ended in Sep. 2024 is

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

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

WaFd's Debt to Revenue Ratio for the quarter that ended in Sep. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Sep. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	3318.307)	/	754.428
	=	4.40

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.

Altman Z-Score does not apply to banks and insurance companies.

* 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.

WaFd (NAS:WAFD) 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.

WaFd has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

WaFd Financial Strength Related Terms

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WaFd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » WaFd Inc (NAS:WAFD) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

WAFDP.PFD:USA WAO:Germany

Address

425 Pike Street, Seattle, WA, USA, 98101

Website

https://www.wafdbank.com

WaFd Inc is engaged in providing lending, depository, insurance, and other banking services to consumers, mid-sized to large businesses, and owners and developers of commercial real estate. Through the WaFd Bank, it is involved in accepting deposits from the general public and investing these funds in loans of various types, including first-lien mortgages on single-family dwellings, construction loans, land acquisition and development loans among others. The Bank also invests in certain United States government and agency obligations along with other investments and also performs insurance brokerage activities. Geographically, it operates in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, California and Texas.

Executives

Ryan Mauer	officer: EVP & Chief Credit Officer	425 PIKE STREET, SEATTLE WA 98101
Cathy E Cooper	officer: EVP & Chief Consumer Banker	425 PIKE STREET, SEATTLE WA 98101
Randall H Talbot	director	777 108TH AVENUE NE, SUITE 1200, BELLEVUE WA 98124-1690
David K Grant	director
Blayne Sanden	officer: SVP & PAO	425 PIKE STREET, SEATTLE WA 98101
Brent J Beardall	officer: EVP & CFO	425 PIKE STREET, SEATTLE WA 98101
Kim E Robison	officer: EVP & Chief Operations Officer	425 PIKE STREET, SEATTLE WA 98101
Kelli Holz	officer: EVP & CFO	PO BOX 580, BELLINGHAM WA 98227
Vincent L Beatty	officer: EVP & Chief Financial Officer	425 PIKE STREET, SEATTLE WA 98101
Shawn Bice	director	C/O SPLUNK INC., 270 BRANNAN STREET, SAN FRANCISCO CA 94107
James Endrizzi	officer: EVP & Chief Commercial Banker	425 PIKE STREET, SEATTLE WA 98101
Sean Singleton	director	425 PIKE ST, SEATTLE WA 98101
Sylvia Hampel	director	425 PIKE ST, SEATTLE WA 98101
Sudhir Steven Singh	director	6222 185TH AVE, REDMOND WA 98052
Linda S Brower	director