Market Cap : 4.37 B | Enterprise Value : 844.04 M | PE Ratio : 22.29 | PB Ratio : 1.34 |
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First Interstate BancSystem has the Financial Strength Rank of 4.
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 First Interstate BancSystem's interest coverage with the available data. First Interstate BancSystem's debt to revenue ratio for the quarter that ended in Mar. 2022 was 0.31. 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:
First Interstate BancSystem's Interest Expense for the months ended in Mar. 2022 was $-6.0 Mil. Its Operating Income for the months ended in Mar. 2022 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $283.5 Mil.
First Interstate BancSystem's Interest Coverage for the quarter that ended in Mar. 2022 is
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. First Interstate BancSystem Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
First Interstate BancSystem's Debt to Revenue Ratio for the quarter that ended in Mar. 2022 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2022 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 283.5) | / | 908.8 | |
= | 0.31 |
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.
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.
First Interstate BancSystem has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of First Interstate BancSystem's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Robbins Kristina | officer: SVP, Chief Operations Officer | PO BOX 30918 BILLINGS MT 59116 |
Sheridan Stadium Foundation | 10 percent owner | 201 N CONNOR STREET SHERIDAN WY 82801 |
Homer Scott Jr Trust, Homer Scott Jr. & First Interstate Wealth Management Co Trustees | 10 percent owner | FIRST INTERSTATE BANK, TRUSTEE PO BOX 2007 SHERIDAN WY 82801 |
Julie A Scott Rose Trustee Of The Julie A Scott Rose Trust Dated 5-14-2002 | 10 percent owner | 31 BUSBEE ROAD ASHEVILLE NC 28803 |
First Interstate Bank & Julie Scott Rose, Co-ttees Of The Joan D Scott Trust Dtd 10/16/12 | 10 percent owner | PO BOX 2007 SHERIDAN WY 82801 |
Thomas W Scott Trust Dtd 8/22/95, Thomas W Scott Trustee | 10 percent owner | FIRST INTERSTATE BANK, TRUSTEE PO BOX 2007 SHERIDAN WY 82801 |
Harrison William Scott Trust | 10 percent owner | PO BOX 7113 BILLINGS MT 59103 |
Harper Grace Scott Trust | 10 percent owner | PO BOX 7113 BILLINGS MT 59103 |
Holland Elizabeth Scott Trust | 10 percent owner | PO BOX 7113 BILLINGS MT 59103 |
Elizabeth Lauren Scott Rose Trust | 10 percent owner | PO BOX 7113 BILLINGS MT 59103 |
Jonathan Scott As Trustee Of The Jonathan R Scott Trust Dated As Of 4/21/04 | 10 percent owner | BOX 190 DAYTON WY 82836 |
Juliana Sarah Scott Rose Trust | 10 percent owner | PO BOX 7113 BILLINGS MT 59103 |
Ixl Ltd Liability Co | 10 percent owner | BOX 190 DAYTON WY 82836 |
Exempt Thomas W Scott Marital Trust 2 | 10 percent owner | PO BOX 2007 SHERIDAN WY 82801 |
Rykhus Daniel A | director | C/O RAVEN INDUSTRIES PO BOX 5107 SIOUX FALLS SD 57117 |