What is Lake Area Corn Processors LLC Financial Strength?
Lake Area Corn Processors LLC has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Lake Area Corn Processors LLC shows strong financial strength.
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.
Lake Area Corn Processors LLC's Interest Coverage for the quarter that ended in Mar. 2024 was 15.28.
Lake Area Corn Processors LLC's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.12.
As of today, Lake Area Corn Processors LLC's Altman Z-Score is 5.89.
Competitive Comparison of Lake Area Corn Processors LLC's Financial Strength
For the Oil & Gas Refining & Marketing subindustry, Lake Area Corn Processors LLC'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.
Lake Area Corn Processors LLC's Financial Strength Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Lake Area Corn Processors LLC's Financial Strength distribution charts can be found below:
* The bar in red indicates where Lake Area Corn Processors LLC's Financial Strength falls into.
Lake Area Corn Processors LLC 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:
Lake Area Corn Processors LLC's Interest Expense for the
months ended in Mar. 2024 was $-0.1 Mil. Its Operating Income for the
months ended in Mar. 2024 was $1.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $19.4 Mil.
Lake Area Corn Processors LLC's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Lake Area Corn Processors LLC's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
Lake Area Corn Processors LLC has a Z-score of 5.89, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 5.89 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.
Lake Area Corn Processors LLC (Lake Area Corn Processors LLC) Business Description
Traded in Other Exchanges
N/A
Address
46269 SD Highway 34, P.O. Box 100, Wentworth, SD, USA, 57075
Lake Area Corn Processors LLC is a South Dakota limited liability company that owns and manages an ethanol plant that has a nameplate production capacity of 90 million gallons of ethanol per year through its wholly-owned subsidiary Dakota Ethanol, LLC. The principal products produced at the ethanol plant are fuel-grade ethanol, distillers grains and corn oil. The company reports its financial and operating performance in two segments production, which includes the manufacture and marketing of fuel-grade ethanol and co-products of the ethanol production process and ethanol-producing equity method investments, which consists of the aggregation of the company's two equity method operating segments of investment in Guardian Hankinson, LLC and investment in Ring-neck Energy & Feed, LLC.
Executives
Lake Area Corn Processors LLC (Lake Area Corn Processors LLC) Headlines
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