GURUFOCUS.COM » STOCK LIST » USA » NYSE » Starry Group Holdings Inc (NYSE:STRY) » Definitions » Financial Strength
Switch to:

Starry Group Holdings Financial Strength

: 2 (As of Jun. 2022)
View and export this data going back to 2022. Start your Free Trial

Starry Group Holdings has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Starry Group Holdings Inc displays poor financial strength. Usually, this is caused by too much debt for the company.

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.

Starry Group Holdings did not have earnings to cover the interest expense. Starry Group Holdings's debt to revenue ratio for the quarter that ended in Jun. 2022 was 7.14. As of today, Starry Group Holdings's Altman Z-Score is -2.57.


Competitive Comparison

For the Telecom Services subindustry, Starry Group 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.

   

Starry Group Holdings Financial Strength Distribution

For the Telecommunication Services industry and Communication Services sector, Starry Group Holdings's Financial Strength distribution charts can be found below:

* The bar in red indicates where Starry Group Holdings's Financial Strength falls into.



Starry Group Holdings 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:

Starry Group Holdings's Interest Expense for the months ended in Jun. 2022 was $-8.04 Mil. Its Operating Income for the months ended in Jun. 2022 was $-45.91 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $219.67 Mil.

Starry Group Holdings's Interest Coverage for the quarter that ended in Jun. 2022 is

Starry Group 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.

Starry Group Holdings's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1.861 + 219.669) / 31.016
=7.14

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.

Starry Group Holdings has a Z-score of -2.57, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -2.57 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.


Starry Group Holdings  (NYSE:STRY) 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.

Starry Group Holdings has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


Starry Group Holdings Financial Strength Related Terms

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


Starry Group Holdings Business Description

Starry Group Holdings logo
Traded in Other Exchanges
N/A
Address
Website
Starry Group Holdings Inc is connecting people and communities to high-speed, broadband internet should be simple and affordable. Using innovative, wideband hybrid-fiber fixed wireless technology, Starry is deploying gigabit-capable broadband to the home without bundles, data caps, or long-term contracts. The company is building a platform for the future by putting customers first, protecting privacy, ensuring access to an open and neutral net, and making affordable connectivity and digital equity a priority.
Executives
Coleman Charles P Iii 10 percent owner C/O TIGER GLOBAL MANAGEMENT, LLC 9 WEST 57TH STREET, 35TH FLOOR NEW YORK NY 10019
Shleifer Scott L 10 percent owner C/O TIGER GLOBAL MANAGEMENT, LLC 9 WEST 57TH STREET, 35TH FLOOR NEW YORK NY 10019
Tiger Global Management Llc 10 percent owner 9 WEST 57TH STREET 35TH FLOOR NEW YORK NY 10019
Tiger Global Private Investment Partners Ix, L.p. 10 percent owner C/O TIGER GLOBAL MANAGEMENT, LLC 9 WEST 57TH STREET, 35TH FLOOR NEW YORK NY 10019
Tiger Global Pip Performance Ix, L.p. 10 percent owner C/O TIGER GLOBAL PERFORMANCE, LLC 9 WEST 57TH STREET, 35TH FLOOR NEW YORK NY 10019
Tiger Global Pip Management Ix, Ltd. 10 percent owner C/O TIGER GLOBAL PERFORMANCE, LLC 9 WEST 57TH STREET, 35TH FLOOR NEW YORK NY 10019
Misra Komal officer: See Remarks C/O STARRY GROUP HOLDINGS, INC. 38 CHAUNCY STREET, SUITE 200 BOSTON MA 02111
Graham Elizabeth Ames director C/O STARRY GROUP HOLDINGS, INC. 38 CHAUNCY STREET, SUITE 200 BOSTON MA 02111
Kanojia Chaitanya director, 10 percent owner, officer: See Remarks C/O STARRY GROUP HOLDINGS, INC. 38 CHAUNCY STREET, SUITE 200 BOSTON MA 02111
Nabors Robert L Ii director C/O STARRY GROUP HOLDINGS, INC. 38 CHAUNCY STREET, SUITE 200 BOSTON MA 02111
Abrams Virginia Thuy Lam officer: See Remarks C/O STARRY GROUP HOLDINGS, INC. 38 CHAUNCY STREET, SUITE 200 BOSTON MA 02111
Regan Brian Michael officer: See Remarks C/O STARRY GROUP HOLDINGS, INC. 38 CHAUNCY STREET, SUITE 200 BOSTON MA 02111
Moulle-berteaux Alexis Cedric officer: See Remarks C/O STARRY GROUP HOLDINGS, INC. 38 CHAUNCY STREET, SUITE 200 BOSTON MA 02111
Mackechnie Jeremy R officer: See Remarks C/O STARRY GROUP HOLDINGS, INC. 38 CHAUNCY STREET, SUITE 200 BOSTON MA 02111
Lundregan William J officer: See Remarks C/O STARRY GROUP HOLDINGS, INC. 38 CHAUNCY STREET, SUITE 200 BOSTON MA 02111
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)