What is California Bancorp Financial Strength?
California Bancorp 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:
California Bancorp 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 California Bancorp's interest coverage with the available data.
California Bancorp's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.70.
Altman Z-Score does not apply to banks and insurance companies.
California Bancorp 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:
California Bancorp's Interest Expense for the
months ended in Mar. 2024 was $-9.67 Mil. Its Operating Income for the
months ended in Mar. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $54.33 Mil.
California Bancorp's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
California Bancorp's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
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.
California Bancorp (California Bancorp) Business Description
Traded in Other Exchanges
Address
1300 Clay Street, Suite 500, Oakland, CA, USA, 94612
California Bancorp is a holding company for California Bank of Commerce. The company primarily serves business and professional corporations with a variety of business-focused financial services. Some of the products and services that the bank offers include commercial checking, savings and money market accounts, certificates of deposit, treasury and cash management services, foreign exchange services, commercial and industrial loans, asset-based loans, loans to dental and veterinary professionals, commercial real estate loans, residential and commercial construction and development loans, online banking, and mobile banking. Most of the company's business activity is with customers located within the San Francisco Bay Area counties.
Executives
| Wayne S. Doiguchi |
director |
C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612 |
| Kevin Joseph Cullen |
director |
AVEO PHARMACEUTICALS, INC., 30 WINTER STREET, BOSTON MA 02108 |
| Thomas A Sa |
officer: See Remarks |
55 ALMADEN BLVD, SAN JOSE CA 95113 |
| Theodore A. Wilm |
director |
C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612 |
| Andrew J. Armanino |
director |
C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612 |
| Thomas M. Dorrance |
officer: Chief Technology Officer |
C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612 |
| Steven E. Shelton |
director, officer: See Remarks |
C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612 |
| Stephen A. Cortese |
director |
C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612 |
| Michelle Wirfel |
officer: SEVP and Chief Banking Officer |
C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612 |
| Millicent C. Tracey |
director |
1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612 |
| Julie Levenson |
director |
C/O GRAF INDUSTRIAL CORP., 118 VINTAGE PARK BLVD., SUITE W-22, HOUSTON TX 77070 |
| Kevin J. Cullen |
director |
C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612 |
| Rochelle G. Klein |
director |
C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612 |
| Stephen R. Dathe |
director |
C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612 |
| Donald Kintzer |
director |
C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612 |
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