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Kaspien Holdings has the Financial Strength Rank of 0.
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.Kaspien Holdings did not have earnings to cover the interest expense. Kaspien Holdings's debt to revenue ratio for the quarter that ended in Oct. 2023 was 0.21. As of today, Kaspien Holdings's Altman Z-Score is -2.95.
For the Software - Application subindustry, Kaspien Holdings'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 Software industry and Technology sector, Kaspien Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where Kaspien Holdings'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:
Kaspien Holdings's Interest Expense for the months ended in Oct. 2023 was $-1.0 Mil. Its Operating Income for the months ended in Oct. 2023 was $-0.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.6 Mil.
Kaspien Holdings's Interest Coverage for the quarter that ended in Oct. 2023 is
Kaspien Holdings did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Kaspien Holdings's Debt to Revenue Ratio for the quarter that ended in Oct. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Oct. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (21.274 | + | 0.588) | / | 105.736 | |
= | 0.21 |
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.
Kaspien Holdings has a Z-score of -2.95, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -2.95 is in distress zone. This implies bankruptcy 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.
Kaspien Holdings (OTCPK:KSPN) 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.
Kaspien Holdings has the Financial Strength Rank of 0.
Thank you for viewing the detailed overview of Kaspien Holdings's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Tom Simpson | director | 38 CORPORATE CIRCLE, ALBANY NY 12203 |
Mark E Holliday | director | 257 SW MARCONI AVENUE, PORTLAND OR 97201 |
Brock Kowalchuk | officer: Interim Chief Executive Office | PO BOX 462, EAST SCHODACK NY 12063 |
Kunal Chopra | officer: CEO - etailz | 38 CORPORATE CIRCLE, ALBANY NY 12203 |
Jonathan Anthony Marcus | director | 100 PINE STREET, SUITE 2700, SAN FRANCISCO CA 94111 |
Jeffrey Scott Hastings | director | 38 CORPORATE CIRCLE, ALBANY NY 12203 |
Alimco Financial Corp | other: See Remarks | 2336 S.E. OCEAN BOULEVARD SUITE 400, STUART FL 34996 |
Neil S Subin | 10 percent owner | 2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996 |
Edwin Sapienza | officer: Chief Financial Officer | 38 CORPORATE CIRCLE, ALBANY NY 12203 |
Robert Galvin | director | 78 GOLF LANE, RIDGEFIELD CT 06877 |
Miller Lloyd I Iii | 10 percent owner | |
Robert J Higgins | director, 10 percent owner, officer: Chairman and CEO | C/O TRANS WORLD ENTERTAINMENT CORP, 38 CORPORATE CIRCLE, ALBANY NY 12203 |
Josh Neblett | officer: CEO, etailz | 38 CORPORATE CIRCLE, ALBANY NY 12203 |
Robert J. Higgins Twmc Trust | 10 percent owner | 38 CORPORATE CIRCLE, ALBANY NY 12203 |
Christoph Hoerenz | officer: Chief Digital and Mktg Officer | 38 CORPORATE CIRCLE, ALBANY NY 12033 |
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