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Glatfelter 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.Glatfelter's Interest Coverage for the quarter that ended in Dec. 2023 was 0.30. Glatfelter's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.68. As of today, Glatfelter's Altman Z-Score is 1.53.
For the Paper & Paper Products subindustry, Glatfelter'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 Forest Products industry and Basic Materials sector, Glatfelter's Financial Strength distribution charts can be found below:
* The bar in red indicates where Glatfelter'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:
Glatfelter's Interest Expense for the months ended in Dec. 2023 was $-17 Mil. Its Operating Income for the months ended in Dec. 2023 was $5 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $853 Mil.
Glatfelter's Interest Coverage for the quarter that ended in Dec. 2023 is
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
= | -1 | * | 5.23 | / | -17.498 | |
= | 0.30 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Glatfelter'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 | |
= | (12.218 | + | 853.163) | / | 1281.528 | |
= | 0.68 |
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.
Glatfelter has a Z-score of 1.53, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.53 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.
Glatfelter (NYSE:GLT) 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.
Glatfelter has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of Glatfelter's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Carlson Capital L P | 10 percent owner | 2100 MCKINNEY AVE, STE 1900, DALLAS TX 75201 |
Black Diamond Offshore Ltd. | 10 percent owner | CITCO FUND SERVICES, 89 NEXUS WAY, P.O. BOX 31106, GRAND CAYMAN E9 KY1-1205 |
Boris Illetschko | officer: SVP, Chief Operating Officer | GRAFENAUWEG, 8, ZUG V8 6300 |
Kevin Michael Fogarty | director | 30 GRAND GARDEN COURT, THE WOODLANDS TX 77381 |
David C Elder | officer: Corp Controller | 96 S. GEORGE STREET, SUITE 400, YORK PA 17401 |
Wolfgang Laures | officer: SVP, Global Supply Chain | 96 S. GEORGE ST., SUITE 520, YORK PA 17401 |
Delaware Domiciled Single Investor Limited Partnership - 101 | 10 percent owner | 2100 MCKINNEY AVENUE, SUITE 1800, DALLAS TX 75201 |
Black Diamond Arbitrage Offshore Ltd. | 10 percent owner | 2100 MCKINNEY AVENUE, SUITE 1800, DALLAS TX 75201 |
Asgard Investment Corp. Ii | 10 percent owner | 2100 MCKINNEY AVENUE, SUITE 1800, DALLAS TX 75201 |
Double Black Diamond Offshore Ltd | 10 percent owner | CITCO FUND SERVICES, 89 NEXUS WAY, P.O. BOX 31106, CAMANA BAY E9 KY-1205 |
Clint Duane Carlson | 10 percent owner | 2100 MCKINNEY AVENUE, SUITE 1800, DALLAS TX 75201 |
Darrel H. Hackett | director | 4350 CONGRESS STREET, SUITE 600, CHARLOTTE NC 28209 |
Thomas Fahnemann | director, officer: CEO | 5664 YARDARM CT., CAPE CORAL FL 33914 |
J Robert Hall | director | GLATFELTER, 96 SOUTH GEORGE ST STE 500, YORK PA 17401 |
Dante C Parrini | officer: Vice President | GLATFELTER, 96 SOUTH GEORGE ST, SUITE 520, YORK PA 17401 |
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