What is Safe & Green Holdings Financial Strength?
Safe & Green Holdings has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. 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.
Safe & Green Holdings did not have earnings to cover the interest expense.
Safe & Green Holdings's debt to revenue ratio for the quarter that ended in Dec. 2023 was 1.57.
As of today, Safe & Green Holdings's Altman Z-Score is 0.00.
Competitive Comparison of Safe & Green Holdings's Financial Strength
For the Metal Fabrication subindustry, Safe & Green Holdings'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.
Safe & Green Holdings's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Safe & Green Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where Safe & Green Holdings's Financial Strength falls into.
Safe & Green Holdings 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:
Safe & Green Holdings's Interest Expense for the
months ended in Dec. 2023 was $-1.06 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-6.95 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.00 Mil.
Safe & Green Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is
| Safe & Green Holdings 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.
Safe & Green Holdings's Debt to Revenue Ratio for the quarter that ended in Dec. 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.
Safe & Green Holdings 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.
Safe & Green Holdings (Safe & Green Holdings) Business Description
Traded in Other Exchanges
Address
990 Biscayne Boulevard, No. 501, Office 12, Miami, FL, USA, 33132
Safe & Green Holdings Corp is a modular solutions company. The company currently provides modules made out of both code-engineered cargo shipping containers and wood for use as both permanent or temporary structures for residential housing use and commercial use, including for health care facilities. It operates in four segments: construction; medical; real estate development; and environmental. The company generates the majority of its revenue from the Construction segment which designs and constructs modular structures built in their factories using raw materials that are Made-in-America.
Executives
| Thomas Meharey |
director |
990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132 |
| Jill Ellen Anderson |
director |
990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132 |
| Vanessa Villaverde |
director |
990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132 |
| Patricia Kaelin |
officer: Chief Financial Officer |
990 BISCAYNE, #501, OFFICE 12, MIAMI FL 33132 |
| Elizabeth Cormier-may |
director |
5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE FL 32256 |
| Shafron E. Hawkins |
director |
5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE FL 32256 |
| John William Shaw |
10 percent owner |
1005 E. LAS TUNAS DR., #116, SAN GABRIEL CA 91776 |
| Gerald Anthony Sheeran |
officer: Acting Chief Financial Officer |
C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201 |
| Margaret Coleman |
director |
195 MONATGUE STREET, 14TH FLOOR, 14TH FLOOR, BROOKLYN NY 11201 |
| Yaniv Blumenfeld |
director |
C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201 |
| David Roberto Villarreal |
director |
17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004 |
| Joseph Safina |
director |
1320 SEMINOLE DRIVE, FORT LAUDERDALE FL 33304 |
| William Jeffrey Rogers |
officer: Chief Operating Officer |
17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004 |
| Mahesh S Shetty |
director, officer: CFO |
429 MEMORY LANE, MARSHALL TX 75672 |
| Swets Larry G Jr |
10 percent owner |
105 S. MAPLE ST., ITASCA IL 60143 |
Safe & Green Holdings (Safe & Green Holdings) Headlines
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