What is E*TRADE Financial Financial Strength?
E*TRADE Financial has the Financial Strength Rank of 0.
Warning Sign:
E*TRADE Financial Corp 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 E*TRADE Financial's interest coverage with the available data.
E*TRADE Financial's debt to revenue ratio for the quarter that ended in Jun. 2020 was 0.49.
Altman Z-Score does not apply to banks and insurance companies.
E*TRADE Financial 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:
E*TRADE Financial's Interest Expense for the
months ended in Jun. 2020 was $-21 Mil. Its Operating Income for the
months ended in Jun. 2020 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $1,412 Mil.
E*TRADE Financial's Interest Coverage for the quarter that ended in Jun. 2020 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
E*TRADE Financial's Debt to Revenue Ratio for the quarter that ended in Jun. 2020 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.
E*TRADE Financial (E*TRADE Financial) Business Description
Traded in Other Exchanges
N/A
Address
671 North Glebe Road, Ballston Tower, Arlington, VA, USA, 22203
E-Trade is one of the largest direct-to-investor platforms in the United States and housed over $500 billion of invested assets and client cash at the end of 2019. The company generates interest income on noninvested cash on its platform, trading commissions, service charges including payment for order flow, and fees from stock plan administration. Almost all the company's revenue is generated within the U.S.
Executives
| Richard J Carbone |
director |
C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR 10036-9992, NEWARK NJ 10036-9992 |
| Joshua Weinreich |
director |
C/O ANJIE LAROCCA, DEUTSCHE BANK, 345 PARK AVENUE, NEW YORK NY 10154 |
| Chad E. Turner |
officer: Chief Financial Officer |
11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036 |
| Alice Milligan |
officer: EVP, Chief Customer Officer |
11 TIMES SQUARE 32ND FLOOR NEW YORK NY 10036 |
| Lori Sher |
officer: EVP, General Counsel |
11 TIMES SQUARE 32ND FLOOR NEW YORK NY 10036 |
| Michael Jos. Murphy |
officer: Sr. MD, Retail Brokerage |
11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036 |
| Dirk W Wyckoff |
officer: Principal Accounting Officer |
671 N GLEBE ROAD ARLINGTON VA 22203 |
| Donna L Weaver |
director |
C/O E*TRADE FINANCIAL CORP. 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036-9992 |
| Jaime Wallace Ellertson |
director |
C/O SI CORP, 3500 LENOX ROAD SUITE 200, ATLANTA GA 30326 |
| Rodger A Lawson |
director |
C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992 |
| Shelley B Leibowitz |
director |
C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036 |
| Rebecca Saeger |
director |
C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992 |
| Michael John Curcio |
officer: EVP, Institutional |
C/O E*TRADE FINANCIAL CORP. 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036-9992 |
| James Lam |
director |
C/O DAVIS POLK & WARDWELL LLP 450 LEXINGTON AVE NEW YORK NY 10017 |
| Matthew Minetola |
officer: Chief Information Officer |
300 GALLERIA PARKWAY, NW ATLANTA GA 30339 |
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