Douglas Dynamics 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.
Douglas Dynamics's Interest Coverage for the quarter that ended in Dec. 2023 was 2.83.
Douglas Dynamics's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.48.
As of today, Douglas Dynamics's Altman Z-Score is 2.48.
Competitive Comparison
For the Auto Parts subindustry, Douglas Dynamics'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.
Douglas Dynamics Financial Strength Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Douglas Dynamics's Financial Strength distribution charts can be found below:
* The bar in red indicates where Douglas Dynamics's Financial Strength falls into.
Douglas Dynamics 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:
Douglas Dynamics's Interest Expense for the
months ended in Dec. 2023 was $-4.5 Mil. Its Operating Income for the
months ended in Dec. 2023 was $12.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $195.4 Mil.
Douglas Dynamics's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Douglas Dynamics's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 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.
Douglas Dynamics has a Z-score of 2.48, indicating it is in Grey Zones. This implies that Douglas Dynamics is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.48 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
Douglas Dynamics (Douglas Dynamics) Business Description
Traded in Other Exchanges
Address
11270 W Park Place, Suite 300, Milwaukee, WI, USA, 53224
Douglas Dynamics Inc is a manufacturer and upfitter of commercial vehicle attachments and equipment. The Company's portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand. The Company's portfolio also includes the upfit of attachments and storage solutions under the HENDERSON brand, and the DEJANA brand and its related sub-brands. The Company also leases fifteen manufacturing and upfit and service facilities located in Iowa, Maryland, Missouri, New Jersey, New York, Ohio, Pennsylvania, and Rhode Island. The Company conducts business in two segments: Work Truck Attachments and Work Truck Solutions.
Executives
| Robert L Mccormick |
officer: President and CEO |
C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233 |
| James L Janik |
director |
C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233 |
| Genderen Mark Van |
officer: President - Work Truck Attm. |
C/O DOUGLAS DYNAMICS, INC., 11270 W. PARK PLACE, SUITE 300, MILWAUKEE WI 53224 |
| Linda R Evans |
officer: VP of Human Resources |
7777 N 73RD STREET, MILWAUKEE WI 53223 |
| Jon J Sisulak |
officer: Controller |
7777 N 73RD STREET, MILWAUKEE WI 53223 |
| Sarah C Lauber |
officer: CFO and Secretary |
833 EAST MICHIGAN STREET, SUITE 900, MILWAUKEE WI 53202 |
| Joher Akolawala |
director |
11270 W. PARK PLACE, SUITE 300, MILWAUKEE WI 53224 |
| Keith Hagelin |
officer: VP, Operations |
C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233 |
| Jonathon P. Sievert |
officer: President - Henderson Products |
C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53223 |
| Lisa R Bacus |
director |
1601 CHESTNUT STREET, SHAREHOLDER SERVICES TL05Y, PHILADELPHIA PA 19192 |
| Andrew Dejana |
officer: * See Remarks below |
C/O DOUGLAS DYNAMICS, INC., 777 NORTH 73RD STREET, MILWAUKEE WI 53223 |
| Robert J Young |
officer: Controller |
C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233 |
| Mark Adamson |
officer: VP, Sales and Marketing |
C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233 |
| Michael W Wickham |
director |
C/O ROADWAY CORP, 1077 GORGE BLVD, AKRON OH 44310 |
| Margaret S Dano |
director |
FLEETWOOD ENTERPRISES INC, 3125 MYERS STREET PO BOX 7638, RIVERSIDE CA 92513-7638 |
Douglas Dynamics (Douglas Dynamics) Headlines
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