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Vistra Financial Strength

: 2 (As of Jun. 2022)
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Vistra 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:

Vistra Corp 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.

Vistra did not have earnings to cover the interest expense. Vistra's debt to revenue ratio for the quarter that ended in Jun. 2022 was 2.25. As of today, Vistra's Altman Z-Score is 0.31.


Competitive Comparison

For the Utilities - Independent Power Producers subindustry, Vistra'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.

   

Vistra Financial Strength Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, Vistra's Financial Strength distribution charts can be found below:

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



Vistra 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:

Vistra's Interest Expense for the months ended in Jun. 2022 was $-139 Mil. Its Operating Income for the months ended in Jun. 2022 was $-1,683 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $12,224 Mil.

Vistra's Interest Coverage for the quarter that ended in Jun. 2022 is

Vistra 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.

Vistra'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
=(2072 + 12224) / 6352
=2.25

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.

Vistra has a Z-score of 0.31, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.31 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.


Vistra  (NYSE:VST) 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.

Vistra 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.


Vistra Financial Strength Related Terms

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


Vistra Business Description

Vistra logo
Traded in Other Exchanges
Address
6555 Sierra Drive, Irving, TX, USA, 75039
Vistra Energy emerged from the Energy Future Holdings bankruptcy as a stand-alone entity in 2016. Vistra is one of the largest power producers and retail energy providers in the U.S. It owns and operates 38 gigawatts of nuclear, coal, and natural gas generation in its wholesale generation segment after acquiring Dynegy in 2018. Its retail electricity segment serves 4.3 million customers in 20 states. Vistra's retail business serves almost one third of all Texas electricity consumers.
Executives
Bam Partners Trust other: See Remarks 181 BAY STREET SUITE 300 TORONTO A6 M5J 2T3
Acosta Arcilia director LEGACYTEXAS FINANCIAL GROUP, INC. 5851 LEGACY CIRCLE PLANO TX 75024
Crutchfield Lisa director 6 LIBERTY LANE WEST HAMPTON NH 03842
Brookfield Us Inc. other: Director by Deputization BROOKFIELD PLACE 250 VESEY STREET, 15TH FLOOR NEW YORK NY 10281-1023
Campbell David A officer: EVP & Chief Financial Officer C/O EVERGY, INC. 1200 MAIN STREET KANSAS CITY MO 64105
Zimmerman Bruce director C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Barbas Paul M director C/O DPL INC. 1065 WOODMAN DRIVE DAYTON OH 45432
Ackermann Hilary E. director 601 TRAVIS, SUITE 1400 HOUSTON TX 77002
Sult John R director 1001 LOUISIANA STREET HOUSTON TX 77002
Dobry Elizabeth Christine officer: VP and Controller C/O VISTRA ENERGY CORP. 6555 SIERRA DRIVE IRVING TX 75039
Muscato Stephen J officer: SVP & Chief Commercial Officer C/O VISTRA ENERGY CORP. 6555 SIERRA DRIVE IRVING TX 75039
Hudson Scott A officer: SVP and President Retail C/O VISTRA ENERGY CORP. 6555 SIERRA DRIVE IRVING TX 75039
Helm Scott B director C/O VISTRA ENERGY CORP. 1601 BRYAN STREET DALLAS TX 75201
Nutt Terry L officer: See Remarks C/O VISTRA ENERGY CORP. 1601 BRYAN STREET DALLAS TX 75201
Ferraioli Brian K director C/O FOSTER WHEELER LTD PERRYVILLE CORPORATE PARK CLINTON NJ 08809-4000

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