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EnerSys Financial Strength

: 5 (As of Jun. 2021)
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EnerSys has the Financial Strength Rank of 5.

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.

EnerSys's Interest Coverage for the quarter that ended in Jun. 2021 was 7.55. EnerSys's debt to revenue ratio for the quarter that ended in Jun. 2021 was 0.33. As of today, EnerSys's Altman Z-Score is 3.19.


Competitive Comparison

For the Electrical Equipment & Parts subindustry, EnerSys'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.

   

EnerSys Financial Strength Distribution

For the Industrial Products industry and Industrials sector, EnerSys's Financial Strength distribution charts can be found below:

* The bar in red indicates where EnerSys's Financial Strength falls into.



EnerSys 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:

EnerSys's Interest Expense for the months ended in Jun. 2021 was $-9 Mil. Its Operating Income for the months ended in Jun. 2021 was $69 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $1,020 Mil.

EnerSys's Interest Coverage for the quarter that ended in Jun. 2021 is

Interest Coverage=-1*Operating Income (Q: Jun. 2021 )/Interest Expense (Q: Jun. 2021 )
=-1*68.732/-9.107
=7.55

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

EnerSys's Debt to Revenue Ratio for the quarter that ended in Jun. 2021 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2021 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(40.26 + 1020.416) / 3259.572
=0.33

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.

EnerSys has a Z-score of 3.19, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 3.19 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.


EnerSys  (NYSE:ENS) 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.

EnerSys has the Financial Strength Rank of 5.


EnerSys Financial Strength Related Terms

Thank you for viewing the detailed overview of EnerSys's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


EnerSys Business Description

EnerSys logo
Industry
Industrials » Industrial Products NAICS : 335911 SIC : 5063
Traded in Other Exchanges
Address
2366 Bernville Road, Reading, PA, USA, 19605
EnerSys provides stored energy solutions for industrial applications. It also manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems which combine enclosures, power conversion, power distribution and energy storage are used in the telecommunication and broadband, utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Its segments include Energy Systems, Motive Power, and Specialty.
Executives
Katsaros Arthur T director 7201 HAMILTON BLVD ALLENTOWN PA 181951501
Tufano Paul J director C/O SOLECTRON CORPORATION 847 GIBRALTAR DR. MILPITAS CA 95035
Vargo Ronald P director 41 UNIVERSITY DRIVE, SUITE 202 NEWTOWN PA 18940
Kane Kerry M officer: VP, Corporate Controller & PAO 2366 BERNVILLE ROAD READING PA 19605
Magnus Robert director 2366 BERNVILLE ROAD READING PA 19605
Connors Nelda J director BOSTON SCIENTIFIC CORPORATION 300 BOSTON SCIENTIFIC WAY MARLBOROUGH MA 01752-1234
Chung Hwan-yoon director METALMARK CAPITAL LLC 1177 AVENUE OF THE AMERICAS, 40TH FLOOR NEW YORK NY 10036
Schmidtlein Michael J officer: Executive Vice President & CFO 2366 BERNVILLE ROAD READING PA 19605
Hoffen Howard I director 1585 BROADWAY NEW YORK NY 10036
Fludder Steven M director 264 NANTASKET ROAD HULL MA 02045
Shaffer David M director, officer: President & CEO C/O ENERSYS 2366 BERNVILLE ROAD READING PA 19605
Zogby Andrew M. officer: Pres. Energy Systems Global 2366 BERNVILLE ROAD READING PA 19605
Chan Caroline director 2366 BERNVILLE ROAD READING PA 19605
Lehman John F director 450 PARK AVENUE 6TH FLOOR NEW YORK NY 10022
Marlo Dennis S director 1130 BERKSHIRE BOULEVARD WYOMISSING PA 19610

EnerSys Headlines

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