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Zayo Group Holdings has the Financial Strength Rank of 0.
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.Zayo Group Holdings's Interest Coverage for the quarter that ended in Dec. 2019 was 1.71. Zayo Group Holdings's debt to revenue ratio for the quarter that ended in Dec. 2019 was 2.46. As of today, Zayo Group Holdings's Altman Z-Score is 0.00.
For the Communication Equipment subindustry, Zayo 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.
For the Hardware industry and Technology sector, Zayo Group Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where Zayo Group Holdings'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:
Zayo Group Holdings's Interest Expense for the months ended in Dec. 2019 was $-82 Mil. Its Operating Income for the months ended in Dec. 2019 was $141 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2019 was $6,247 Mil.
Zayo Group Holdings's Interest Coverage for the quarter that ended in Dec. 2019 is
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2019 ) | / | Interest Expense (Q: Dec. 2019 ) |
= | -1 | * | 140.5 | / | -82 | |
= | 1.71 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Zayo Group Holdings's Debt to Revenue Ratio for the quarter that ended in Dec. 2019 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2019 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (189.7 | + | 6247) | / | 2614.8 | |
= | 2.46 |
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.
Zayo Group Holdings has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy 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.
Zayo Group Holdings (NYSE:ZAYO) 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.
Zayo Group Holdings has the Financial Strength Rank of 0.
Thank you for viewing the detailed overview of Zayo Group Holdings's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott William Drake | director | 9965 FEDERAL DRIVE, COLORADO SPRINGS CO 80921 |
Emily White | director | C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE, VANCOUVER A1 V6J 1C7 |
Yancey L. Spruill | director | 1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503 |
Steven N Kaplan | director | 1101 EAST 58TH STREET, CHICAGO IL 60637 |
Mary Catherine Morris | director | ARROW ELECTRONICS, INC., 9201 EAST DRY CREEK ROAD, CENTENNIAL CO 80112 |
Richard W. Connor | director | 1625 17TH STREET, DENVER CO 80202 |
Nina Richardson | director | C/O SILICON LABORATORIES, 400 W CESAR CHAVEZ, AUSTIN TX 78701 |
Charlesbank Capital Partners Llc | 10 percent owner | 600 ATLANTIC AVENUE, BOSTON MA 02210 |
Oak Investment Partners Xii L P | 10 percent owner | 901 MAIN AVENUE, SUITE 600, NORWALK CT 06851 |
Michael W. Choe | director | C/O CHARLESBANK CAPITAL PARTNERS, 200 CLARENDON STREET, 54TH FLOOR, BOSTON MA 02109 |
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