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Mowi ASA Financial Strength

: 6 (As of Mar. 2022)
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Mowi ASA 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.

Mowi ASA's Interest Coverage for the quarter that ended in Mar. 2022 was 20.39. Mowi ASA's debt to revenue ratio for the quarter that ended in Mar. 2022 was 0.40. As of today, Mowi ASA's Altman Z-Score is 3.72.


Competitive Comparison

For the Farm Products subindustry, Mowi ASA'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.

   

Mowi ASA Financial Strength Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mowi ASA's Financial Strength distribution charts can be found below:

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



Mowi ASA 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:

Mowi ASA's Interest Expense for the months ended in Mar. 2022 was $-15 Mil. Its Operating Income for the months ended in Mar. 2022 was $308 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $1,758 Mil.

Mowi ASA's Interest Coverage for the quarter that ended in Mar. 2022 is

Interest Coverage=-1*Operating Income (Q: Mar. 2022 )/Interest Expense (Q: Mar. 2022 )
=-1*307.59911894273/-15.088105726872
=20.39

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Mowi ASA's Debt to Revenue Ratio for the quarter that ended in Mar. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(196.25550660793 + 1757.9295154185) / 4831.718061674
=0.40

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.

Mowi ASA has a Z-score of 3.72, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 3.72 is strong.

* 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.


Mowi ASA  (OTCPK:MHGVY) 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.

Mowi ASA has the Financial Strength Rank of 6.


Mowi ASA Financial Strength Related Terms

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


Mowi ASA Business Description

Mowi ASA logo
Traded in Other Exchanges
Address
Sandviksboder 77A/B, Bergen, NOR, 5035
Mowi ASA is a Norway based producer of farmed salmon. It distributes salmon and other processed seafood globally. The company focuses on producing high-quality fish by producing its fish eggs and nurturing the fish in the early stages of their life. The fish are processed and sold once each specimen reaches harvestable weight. Additionally, it owns secondary processor facilities that help transform the fish into ready-to-eat and packaged products.

Mowi ASA Headlines

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