What is Zoro Mining Financial Strength?
Zoro Mining 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.
Zoro Mining did not have earnings to cover the interest expense.
As of today, Zoro Mining's Altman Z-Score is 0.00.
Competitive Comparison of Zoro Mining's Financial Strength
For the Other Industrial Metals & Mining subindustry, Zoro Mining'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.
Zoro Mining's Financial Strength Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zoro Mining's Financial Strength distribution charts can be found below:
* The bar in red indicates where Zoro Mining's Financial Strength falls into.
Zoro Mining 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:
Zoro Mining's Interest Expense for the
months ended in Apr. 2012 was $-0.07 Mil. Its Operating Income for the
months ended in Apr. 2012 was $-4.11 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2012 was $0.00 Mil.
Zoro Mining's Interest Coverage for the quarter that ended in Apr. 2012 is
| Zoro Mining 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.
Zoro Mining's Debt to Revenue Ratio for the quarter that ended in Apr. 2012 is
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.
Zoro Mining 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.
Zoro Mining Business Description
Traded in Other Exchanges
N/A
Address
Zoro Mining Corp was incorporated under the laws of the State of Nevada on April 20, 2004 under the name 'Rockdale Mining Corp'. Effective March 19, 2007, it merged with a wholly-owned subsidiary, Zoro Mining Corp., pursuant to Articles of merger filed with the Nevada Secretary of State. The merger was in the form of a parent/subsidiary merger with Rochdale Mining Corp. as the surviving corporation. Upon completion of the merger, its corporate name was changed to 'Zoro Mining Corp.' and its Articles of Incorporation were amended to reflect this name change. It is a natural resource exploration company currently engaged in the exploration, acquisition and development of property located in South America and Mexico. It plans to conduct exploration programs on its properties with the objective of ascertaining whether any of its properties contain economic concentrations of minerals that are prospective for mining. The Company currently has interests in an aggregate of approximately 27,294 net acres located in Chile, approximately 4,940 net acres in Peru, and a further 6,822 gross acres located in Mexico, targeting gold, copper and platinum. It operates in a highly competitive industry, competing with other mining and exploration mineral companies, and institutional and individual investors, which are actively seeking metal and mineral based exploration properties throughout the world together with the equipment, labor and materials required to exploit such properties. The Company's mineral exploration activities are, or would be, subject to extensive foreign laws and regulations governing prospecting, development, production, exports, taxes, labor standards, occupational health, waste disposal, protection and remediation of the environment, protection of endangered and protected species, mine safety, toxic substances and other matters.
Executives
| Andrew A Brodkey |
other: No longer Section 16 |
4960 N. CAMINO ANTONIO, TUSCON AZ 85718 |
| David Hackman |
director, officer: VP of Exploration |
3040 NORTH CAMPBELL AVE., SUITE 110, TUCSON AZ 85719 |
| Frank Garcia |
officer: Chief Financial Officer |
3040 N. CAMPBELL AVE. SUITE #110, TUCSON AZ 85719 |
| Jodi Henderson |
officer: Corporate Secretary |
7033 EAST CALLE BETELGEUX, TUCSON AZ 85710 |
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