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Fuse Medical 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.Fuse Medical's Interest Coverage for the quarter that ended in Jun. 2023 was 6.83. Fuse Medical's debt to revenue ratio for the quarter that ended in Jun. 2023 was 0.11. As of today, Fuse Medical's Altman Z-Score is 1.70.
For the Medical Devices subindustry, Fuse Medical'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 Medical Devices & Instruments industry and Healthcare sector, Fuse Medical's Financial Strength distribution charts can be found below:
* The bar in red indicates where Fuse Medical'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:
Fuse Medical's Interest Expense for the months ended in Jun. 2023 was $-0.05 Mil. Its Operating Income for the months ended in Jun. 2023 was $0.37 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil.
Fuse Medical's Interest Coverage for the quarter that ended in Jun. 2023 is
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2023 ) | / | Interest Expense (Q: Jun. 2023 ) |
= | -1 | * | 0.369 | / | -0.054 | |
= | 6.83 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Fuse Medical's Debt to Revenue Ratio for the quarter that ended in Jun. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Jun. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (2.221 | + | 0) | / | 19.988 | |
= | 0.11 |
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.
Fuse Medical has a Z-score of 1.70, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.7 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.
Fuse Medical (OTCPK:FZMD) 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.
Fuse Medical has the Financial Strength Rank of 0.
Thank you for viewing the detailed overview of Fuse Medical's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Lawrence Scott Yellin | director, officer: Chief Financial Officer | 5081 PINEVIEW CIRCLE, DELRAY BEACH FL 33445 |
Christopher C Reeg | director, 10 percent owner, officer: Chief Executive Officer | 3024 WESTMINSTER AVE, DALLAS TX 75205 |
Reeg Medical Industries, Inc. | 10 percent owner | 3024 WESTMINSTER AVE., DALLAS TX 75205 |
Mark W Brooks | 10 percent owner | 1565 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080 |
Bosita Renato V. Jr. | director | TEXAS BACK INSTITUTE, 6020 WEST PARKER ROAD #200, PLANO TX 75025 |
Kalra Ricky Raj S. | director | 2513 SUNTREE LANE, PLANO TX 75025 |
Nc 143 Family Holdings, Lp | 10 percent owner | 1565 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080 |
Medtech Family Trust | 10 percent owner | 1565 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080 |
Mclaughlin William E Iii | director | 1565 NORTH CENTRAL EXPRESSWAY, 2ND FLOOR, RICHARDSON TX 75080 |
Nc 143 Family Holdings Gp Llc | 10 percent owner | 1565 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080 |
Chris Pratt | director, 10 percent owner, officer: Chief Medical Officer | 4770 BRYANT IRVIN COURT, SUITE 300, FORT WORTH TX 76107 |
Randall Dei | director, officer: Medical Director of Podiatry | 4770 BRYANT IRVIN COURT, SUITE 300, FORT WORTH TX 76107 |
Rusty Shelton | director, 10 percent owner, officer: Chief Development Officer | 4770 BRYANT IRVIN COURT, SUITE 300, FORT WORTH TX 76107 |
David Hexter | director, officer: Interim CFO | 4770 BRYANT IRVIN COURT, SUITE 300, FORT WORTH TX 76107 |
D Alan Meeker | director, 10 percent owner, officer: Chief Executive Officer | 4770 BRYANT IRVIN COURT, SUITE 400, FORT WORTH TX 76107 |
From GuruFocus
By Marketwired • 08-15-2023
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