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Sow Good has the Financial Strength Rank of 4.
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.Sow Good's Interest Coverage for the quarter that ended in Dec. 2023 was 3.71. Sow Good's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.31. As of today, Sow Good's Altman Z-Score is 2.93.
For the Packaged Foods subindustry, Sow Good'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 Consumer Packaged Goods industry and Consumer Defensive sector, Sow Good's Financial Strength distribution charts can be found below:
* The bar in red indicates where Sow Good'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:
Sow Good's Interest Expense for the months ended in Dec. 2023 was $-0.49 Mil. Its Operating Income for the months ended in Dec. 2023 was $1.82 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.44 Mil.
Sow Good's Interest Coverage for the quarter that ended in Dec. 2023 is
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
= | -1 | * | 1.818 | / | -0.49 | |
= | 3.71 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Sow Good's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (3.408 | + | 8.437) | / | 38.088 | |
= | 0.31 |
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.
Sow Good has a Z-score of 2.93, indicating it is in Grey Zones. This implies that Sow Good is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.93 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
Sow Good (OTCPK:SOWG) 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.
Sow Good has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of Sow Good's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Joe Mueller | director | 6927 ALTAMONTE DRIVE, ROGERS AR 72758 |
Ira Goldfarb | director, 10 percent owner, officer: Executive Chairman (1) | 1918 N. OLIVE ST, DALLAS TX 75201 |
Brad Berman | director, 10 percent owner | C/O LAKES ENTERTAINMENT, INC., 130 CHESHIRE LANE, MINNETONKA MN 55305 |
Claudia Goldfarb | director, 10 percent owner, officer: Chief Executive Officer (2) | 1918 N. OLIVE STREET, APT. 3302, DALLAS TX 75201 |
Lyle Berman | director, 10 percent owner | 10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305 |
Timothy James Creed | director | 3418 GOLF CLUB LN., NASHVILLE TN 37215 |
Brad Burke | officer: Interim CFO | 4049 PURDUE AVE, DALLAS TX 77225 |
Chris Ludeman | director | 6154 PARK LANE, DALLAS TX 75225 |
Greg Creed | director | 1441 GARDINER LANE, LOUISVILLE KY 40213 |
S-fdf, Llc | 10 percent owner | 1440 N. UNION BOWER RD., IRVIN TX 75061 |
Benjamin S Oehler | director | 10275 WAYZATA BLVD. SUITE 100, MINNETONKA MN 55305 |
Joseph J Lahti | director | 2975 SOMERSET LANE, LONG LAKE MN 55356 |
Kenneth Decubellis | officer: Chief Executive Officer | 10275 WAYZATA BOULEVARD, SUITE 310, MINNETONKA MN 55305 |
Neil I Sell | 10 percent owner | 3300 WELLS FARGO CENTER, 90 SOUTH 7TH STREET, MINNEAPOLIS MN 55402 |
Michael Eisele | officer: Chief Operating Officer | 10275 WAYZATA BOULEVARD, MINNETONKA MN 55305 |
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