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Franklin Covey Co has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Franklin Covey Co shows strong financial strength.
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.Franklin Covey Co's Interest Coverage for the quarter that ended in Feb. 2024 was 12.49. Franklin Covey Co's debt to revenue ratio for the quarter that ended in Feb. 2024 was 0.05. As of today, Franklin Covey Co's Altman Z-Score is 4.21.
For the Education & Training Services subindustry, Franklin Covey Co'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 Education industry and Consumer Defensive sector, Franklin Covey Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Franklin Covey Co'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:
Franklin Covey Co's Interest Expense for the months ended in Feb. 2024 was $-0.3 Mil. Its Operating Income for the months ended in Feb. 2024 was $4.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $4.1 Mil.
Franklin Covey Co's Interest Coverage for the quarter that ended in Feb. 2024 is
Interest Coverage | = | -1 | * | Operating Income (Q: Feb. 2024 ) | / | Interest Expense (Q: Feb. 2024 ) |
= | -1 | * | 4.096 | / | -0.328 | |
= | 12.49 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Franklin Covey Co's Debt to Revenue Ratio for the quarter that ended in Feb. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Feb. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (7.053 | + | 4.092) | / | 245.344 | |
= | 0.05 |
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.
Franklin Covey Co has a Z-score of 4.21, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 4.21 is strong.
* 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.
Franklin Covey Co (NYSE:FC) 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.
Franklin Covey Co has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Thank you for viewing the detailed overview of Franklin Covey Co's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Meisha Sherman | officer: CPO | 2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119-2099 |
Jennifer C. Colosimo | officer: President, Enterprise Division | 2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119 |
Efrain Rivera | director | 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625 |
Paul S Walker | director, officer: CEO, Director | 2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119 |
Covey Michael Sean Merrill | officer: President, Education Division | 2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119 |
Dom Colleen D | officer: COO | 2200 WEST PARKWAY BLVD, SALT LAKE CITY UT 84119 |
Craig Cuffie | director | 2200 WEST PARKWAY BOULEVARD, SALT LAKE CITY UT 84119 |
Esther Kay Stepp | director | |
Nancy R Phillips | director | 1515 BROADWAY, NEW YORK NY 10036 |
Michael Fung | director | 2200 WEST PARKWAY BLVD, SALT LAKE CITY UT 84119 |
Donald J Mcnamara | director | 4200 TEXAS COMMERCE TOWER WEST, 2200 ROSS AVE SUITE 4200, DALLAS TX 75201 |
Knowledge Capital Investment Group | 10 percent owner | 4200 CHASE TOWER WEST, 2200 ROSS AVENUE, DALLAS TX 75201 |
Van Bever Derek C M | director | 2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119 |
Scott Jeffery Miller | officer: EVP Bus Development/Marketing | 2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119 |
Joel Clinton Peterson | director | C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101 |
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