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Farmers National Banc 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:
Farmers National Banc 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.GuruFocus does not calculate Farmers National Banc's interest coverage with the available data. Farmers National Banc's debt to revenue ratio for the quarter that ended in Dec. 2023 was 2.47. Altman Z-Score does not apply to banks and insurance companies.
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:
Farmers National Banc's Interest Expense for the months ended in Dec. 2023 was $-22.2 Mil. Its Operating Income for the months ended in Dec. 2023 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $88.7 Mil.
Farmers National Banc's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Farmers National Banc'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 | |
= | (355 | + | 88.663) | / | 179.944 | |
= | 2.47 |
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.
Farmers National Banc (NAS:FMNB) 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.
Farmers National Banc 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.
Thank you for viewing the detailed overview of Farmers National Banc's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark J Wenick | officer: Chief Wealth Management Office | 20 S BROAD STREET, PO BOX 555, CANFIELD OH 44406 |
Gina A Richardson | director | 20 S BROAD STREET, PO BOX 555, CANFIELD OH 44406 |
Andre Thornton | director | 20 S BROAD STREET, PO BOX 555, CANFIELD OH 44406 |
Joseph W Sabat | officer: VP/Controller | 20 SOUTH BROAD STREET, PO BOX 555, CANFIELD OH 44406 |
Ralph D Macali | director | |
Gregory C Bestic | director | 5415 WOODLAND PL, CANFIELD OH 44406 |
Edward Muransky | director | 20 S BROAD STREET, PO BOX 555, CANFIELD OH 44406 |
Neil J Kaback | director | |
Kevin J Helmick | officer: VP/Retail Sales | 20 SOUTH BROAD ST., PO BOX 555, CANFIELD OH 44406 |
Mark A Nicastro | officer: VP/Director of Human Resources | 20 SOUTH BROAD STREET, PO BOX 555, CANFIELD OH 44406 |
Amber B Wallace | officer: Sr VP/Director of Marketing | 20 SOUTH BROAD STREET, PO BOX 555, CANFIELD OH 44406 |
Timothy Carney | officer: SEVP/Chief Banking Officer | 194 WEST MAIN STREET, CORTLAND OH 44410 |
Nicholas D Varischetti | director | FOUR NORTHSHORE CENTER, 106 ISABELLA STREET, PITTSBURGH PA 15212 |
Michael E Matuszak | officer: EVP/Chief Operating Officer | 20 S BROAD STREET, PO BOX 555, CANFIELD OH 44406 |
Anne Frederick Crawford | director | 530 STONEYBROOK LN, CANFIELD OH 44406 |
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