What is JOFF Fintech Acquisition Financial Strength?
JOFF Fintech Acquisition has the Financial Strength Rank of 0.
Good Sign:
JOFF Fintech Acquisition Corp 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.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
JOFF Fintech Acquisition has no long-term debt (1).
As of today, JOFF Fintech Acquisition's Altman Z-Score is 0.00.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of JOFF Fintech Acquisition's Financial Strength
For the Shell Companies subindustry, JOFF Fintech Acquisition'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.
JOFF Fintech Acquisition's Financial Strength Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, JOFF Fintech Acquisition's Financial Strength distribution charts can be found below:
* The bar in red indicates where JOFF Fintech Acquisition's Financial Strength falls into.
JOFF Fintech Acquisition 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:
JOFF Fintech Acquisition's Interest Expense for the
months ended in Sep. 2022 was $0.00 Mil. Its Operating Income for the
months ended in Sep. 2022 was $-0.31 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil.
JOFF Fintech Acquisition's Interest Coverage for the quarter that ended in Sep. 2022 is
| JOFF Fintech Acquisition had no long-term debt (1). |
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. JOFF Fintech Acquisition Corp has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
JOFF Fintech Acquisition's Debt to Revenue Ratio for the quarter that ended in Sep. 2022 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.
JOFF Fintech Acquisition has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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.
JOFF Fintech Acquisition (JOFF Fintech Acquisition) Business Description
Traded in Other Exchanges
N/A
Address
c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, 11th Floor, New York, NY, USA, 10105
JOFF Fintech Acquisition Corp is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.
Executives
| Peter Js Smith |
officer: Chief Financial Officer |
PO BOX 364527, SAN JUAN PR 00936-4527 |
| Jay Itzkowitz |
director |
NEW YORK HOCKEY HOLDINGS, LLC, 200 PARK AVENUE SOUTH SUITE 1610, NEW YORK NY 10003 |
| Joel Leonoff |
director, 10 percent owner, officer: Chief Executive Officer |
ORCHID HOUSE PH 9 THE CLIFTONS, EUROPA ROAD, GIBRALTAR J1 ----- |
| Joff Fintech Holdings Lp |
10 percent owner |
1345 AVENUE OF THE AMERICAS, FL 11, NEW YORK NY 10105 |
| Hillel Frankel |
director, 10 percent owner, officer: President and Secretary |
1345 AVENUE OF THE AMERICAS, FL 11, NEW YORK NY 10105 |
| Mohammad Fraz Ahmed |
officer: SVP of Corporate & BD |
1410 BERRYTREE DR., SUGARLAND TX 77479 |
| Billy Goldstein |
director |
757 3RD AVENUE, NEW YORK NY 10017 |
| Paul Wharshavsky |
director |
15 WEST 47TH STREET, SUITE 1404, NEW YORK NY 10036 |
| Alok Sama |
director |
C/O BLUERIVER ACQUSITION CORP., 250 WEST NOTTINGHAM DRIVE SUITE 400, SAN ANTONIO TX 78209 |
| Michelle Ann Gitlitz |
director |
1345 AVENUE OF THE AMERICAS, 11TH FLOOR, NEW YORK NY 10105 |
JOFF Fintech Acquisition (JOFF Fintech Acquisition) Headlines
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