What is Greencity Acquisition Financial Strength?
Greencity Acquisition has the Financial Strength Rank of 6.
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.
Greencity Acquisition has no long-term debt (1).
As of today, Greencity Acquisition's Altman Z-Score is 0.00.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Greencity Acquisition's Financial Strength
For the Shell Companies subindustry, Greencity Acquisition'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.
Greencity Acquisition's Financial Strength Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Greencity Acquisition's Financial Strength distribution charts can be found below:
* The bar in red indicates where Greencity Acquisition's Financial Strength falls into.
Greencity Acquisition 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:
Greencity Acquisition's Interest Expense for the
months ended in Dec. 2022 was $0.00 Mil. Its Operating Income for the
months ended in Dec. 2022 was $-0.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.00 Mil.
Greencity Acquisition's Interest Coverage for the quarter that ended in Dec. 2022 is
| Greencity Acquisition had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Greencity Acquisition's Debt to Revenue Ratio for the quarter that ended in Dec. 2022 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.
Greencity Acquisition 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.
Greencity Acquisition (Greencity Acquisition) Business Description
Traded in Other Exchanges
Address
505 Eshan Road, Floor 6, Pudong New District, Shanghai, CHN, 200120
Greencity Acquisition Corp is a blank check company.
Executives
| Hudson Bay Capital Management Lp |
10 percent owner |
28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830 |
| Sander Gerber |
10 percent owner |
C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830 |
| Lawrence Feis |
10 percent owner |
190 EAST WALTON PLACE, UNIT 603, CHICAGO IL 60611 |
| Feis Equities Llc |
10 percent owner |
20 NORTH WACKER DRIVE, SUITE 2115, CHICAGO IL 60606 |
| Glazer Capital, Llc |
10 percent owner |
250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019 |
| Paul J Glazer |
10 percent owner |
250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019 |
| Lei Wang |
director |
2609 MONTE CRESTA DRIVE, BELMONT CA 94002 |
| Cynthia Management Corp |
10 percent owner |
SUITE 807 TOWER 2 CENTURY LINK PLAZA, NO. 1196 CENTURY AVENUE, PUDONG DISTRICT F4 200000 |
| Jianmin Yu |
10 percent owner, officer: CFO |
1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
| Jinlong Liu |
director, 10 percent owner |
100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
| Chao Liu |
director |
100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
| Ming Zhang |
officer: CEO |
100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
| Yong Li |
director |
100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
Greencity Acquisition (Greencity Acquisition) Headlines
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