What is Technical Communications Financial Strength?
Technical Communications has the Financial Strength Rank of 0.
Warning Sign:
Technical Communications 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.
Technical Communications did not have earnings to cover the interest expense.
Technical Communications's debt to revenue ratio for the quarter that ended in Jun. 2023 was 30.54.
As of today, Technical Communications's Altman Z-Score is -11.43.
Competitive Comparison of Technical Communications's Financial Strength
For the Communication Equipment subindustry, Technical Communications'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.
Technical Communications's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Technical Communications's Financial Strength distribution charts can be found below:
* The bar in red indicates where Technical Communications's Financial Strength falls into.
Technical Communications 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:
Technical Communications's Interest Expense for the
months ended in Jun. 2023 was $-0.07 Mil. Its Operating Income for the
months ended in Jun. 2023 was $-0.40 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3.20 Mil.
Technical Communications's Interest Coverage for the quarter that ended in Jun. 2023 is
| Technical Communications 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.
Technical Communications's Debt to Revenue Ratio for the quarter that ended in Jun. 2023 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.
Technical Communications has a Z-score of -11.43, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -11.43 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.
Technical Communications (Technical Communications) Business Description
Traded in Other Exchanges
N/A
Address
100 Domino Drive, Concord, MA, USA, 01742-2892
Technical Communications Corp designs, develops, manufactures, distributes, and markets communications security equipment. The company produces and supplies several custom-designed, special-purpose, and standard secure communications products for both domestic and international customers. Its products consist of voice, data, facsimile encryptors and video networks for military, government and corporate/industrial applications. In addition to product sales, it generates revenues from contract engineering services for certain government agencies, domestic and foreign, and commercial entities.
Executives
| Ralph M Norwood |
director |
111 SOUTH WORCESTER STREET, NORTON MA 02766 |
| Guild Carl H Jr |
director, officer: CEO |
|
| Thomas E Peoples |
director |
|
| Francisco F Blanco |
director |
1915 TOWNE CENTRE BLVD, SUITE 309, ANNAPOLIS MD 21401 |
| Mitchell Briskin |
director |
|
| Michael P Malone |
officer: Chief Financial Officer |
|
| Paul D Sonkin |
10 percent owner, other: see footnote #1 |
145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022 |
| Hummingbird Value Fund Lp |
10 percent owner, other: see footnote #1 |
145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022 |
| Hummingbird Management Llc |
10 percent owner, other: see footnote #1 |
145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022 |
| Hummingbird Microcap Value Fund Lp |
10 percent owner, other: see footnote #1 |
145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022 |
| Hummingbird Capital Llc |
10 percent owner, other: see footnote #1 |
145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022 |
| Tarsier Nanocap Value Fund, Lp |
10 percent owner, other: see footnote #1 |
C/O HUMMINGBIRD MANAGEMENT, LLC, 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022 |
| Hummingbird Concentrated Fund Lp |
10 percent owner, other: see footnote #1 |
145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022 |
| Robert T Lessard |
director |
|
| Brown David A B |
director |
|
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