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Superior Drilling Products has the Financial Strength Rank of 7.
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.Superior Drilling Products's Interest Coverage for the quarter that ended in Dec. 2023 was 0.38. Superior Drilling Products's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.39. As of today, Superior Drilling Products's Altman Z-Score is 1.94.
For the Oil & Gas Equipment & Services subindustry, Superior Drilling Products'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.
For the Oil & Gas industry and Energy sector, Superior Drilling Products's Financial Strength distribution charts can be found below:
* The bar in red indicates where Superior Drilling Products's Financial Strength falls into.
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:
Superior Drilling Products's Interest Expense for the months ended in Dec. 2023 was $-0.21 Mil. Its Operating Income for the months ended in Dec. 2023 was $0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.89 Mil.
Superior Drilling Products's Interest Coverage for the quarter that ended in Dec. 2023 is
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
= | -1 | * | 0.078 | / | -0.205 | |
= | 0.38 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Superior Drilling Products's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0.773 | + | 5.89) | / | 17.092 | |
= | 0.39 |
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.
Superior Drilling Products has a Z-score of 1.94, indicating it is in Grey Zones. This implies that Superior Drilling Products is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 1.94 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
Superior Drilling Products (AMEX:SDPI) 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.
Superior Drilling Products has the Financial Strength Rank of 7.
Thank you for viewing the detailed overview of Superior Drilling Products's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Star Equity Fund, Lp | 10 percent owner | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Star Equity Fund Gp, Llc | 10 percent owner | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Star Investment Management Llc | 10 percent owner | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Star Value, Llc | 10 percent owner | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Star Equity Holdings, Inc. | 10 percent owner | 53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870 |
Christopher Cashion | officer: Chief Financial Officer | 1583 S. 1700 E., VERNAL UT 84078 |
Robert Iverson | director | 4928 FM 1374 ROAD, HUNTSVILLE TX 77340 |
Annette Meier | director, 10 percent owner, officer: See Remarks | 1583 S. 1700 E., VERNAL UT 84078 |
G. Troy Meier | director, 10 percent owner, officer: See Remarks | 1583 S. 1700 E., VERNAL UT 84078 |
Lone Star Value Management Llc | 10 percent owner | 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870 |
James R Lines | director | 11 HILLSIDE PARKWY, LANCSTER NY 14068 |
Jeffrey E. Eberwein | 10 percent owner | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Lone Star Value Co-invest I, Lp | other: See Footnote 1 | 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870 |
Lone Star Value Investors Gp Llc | 10 percent owner | 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870 |
Lone Star Value Investors Lp | 10 percent owner | 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870 |
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