GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Daybreak Oil & Gas Inc (OTCPK:DBRM) » Definitions » Financial Strength

Daybreak Oil & Gas (Daybreak Oil & Gas) Financial Strength : 0 (As of Feb. 2023)


View and export this data going back to . Start your Free Trial

What is Daybreak Oil & Gas Financial Strength?

Daybreak Oil & Gas has the Financial Strength Rank of 0.

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.

Daybreak Oil & Gas did not have earnings to cover the interest expense. Daybreak Oil & Gas's debt to revenue ratio for the quarter that ended in Feb. 2023 was 0.37. As of today, Daybreak Oil & Gas's Altman Z-Score is 0.00.


Competitive Comparison of Daybreak Oil & Gas's Financial Strength

For the Oil & Gas E&P subindustry, Daybreak Oil & Gas'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.


Daybreak Oil & Gas's Financial Strength Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Daybreak Oil & Gas's Financial Strength distribution charts can be found below:

* The bar in red indicates where Daybreak Oil & Gas's Financial Strength falls into.



Daybreak Oil & Gas 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:

Daybreak Oil & Gas's Interest Expense for the months ended in Feb. 2023 was $-0.02 Mil. Its Operating Income for the months ended in Feb. 2023 was $-0.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2023 was $0.12 Mil.

Daybreak Oil & Gas's Interest Coverage for the quarter that ended in Feb. 2023 is

Daybreak Oil & Gas 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.

Daybreak Oil & Gas's Debt to Revenue Ratio for the quarter that ended in Feb. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Feb. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.418 + 0.119) / 1.436
=0.37

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.

Daybreak Oil & Gas 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.


Daybreak Oil & Gas  (OTCPK:DBRM) 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.

Daybreak Oil & Gas has the Financial Strength Rank of 0.


Daybreak Oil & Gas Financial Strength Related Terms

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


Daybreak Oil & Gas (Daybreak Oil & Gas) Business Description

Traded in Other Exchanges
N/A
Address
1101 North Argonne Road, Suite A 211, Spokane Valley, WA, USA, 99212
Daybreak Oil & Gas Inc is a United States-based independent oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. It is developing its shallow oil reserves, where it owns a 3-D seismic survey under lease in Kern County, California, and Michigan. The company's operational projects include the East Slopes Project and the Michigan Basin Project.
Executives
Gaelic Resources Ltd 10 percent owner 14 ALBERT STREET, DOUGLAS Y8 IM1 2QA
Darren Williams director 9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
James F Westmoreland director, 10 percent owner, officer: President & CEO 1101 N. ARGONNE ROAD, SUITE A 211, SPOKANE VALLEY WA 99212
James F. Meara director C/O 601 W. MAIN AVENUE, SUITE 1012, SPOKANE WA 99201
Timothy R Lindsey director 1101 N. ARGONNE ROAD, SUITE A211, SPOKANE VALLEY WA 99212
Maximilian Investors Llc 10 percent owner 152 WEST 57TH STREET, 54TH FLOOR, NEW YORK NY 10019
Wayne G Dotson director 601 W. MAIN AVE., SUITE 1012, SPOKANE WA 99201
Karol Lynn Adams officer: Corporate Secretary DAYBREAK OIL AND GAS, INC., 601 WEST MAIN AVE., SUITE 1012, SPOKANE WA 99201
Anna Moe other: Spouse of director 8305 NORTH COLTON PLACE, SPOKANE WA 99208
Keith Hooper 10 percent owner 1529 WEST ADAMS STREET, CHICAGO IL 60607
Benjamin Wade Anderson officer: Chief Operating Officer 1023 E 760 S, OREM UT 84097
Eric Moe officer: Chief Executive Officer 8305 NORTH COLTON PLACE, SPOKANE WA 99208
Robert N Martin director, officer: President 621 B 37 STREET SW, CALGARY A0 T3C 1R8
Jeffrey Robert Dworkin director, officer: Secretary 320 1001 13 AVENUE SW, CALGARY A0 T2R 0L5
Curtis Michael Charles Peter director 161 DES CEDRES, ST. EUSTACHE A8 J6R 4V7

Daybreak Oil & Gas (Daybreak Oil & Gas) Headlines

From GuruFocus

Daybreak Settles $12.6 Million Debt with its Primary Lender

By Marketwired Marketwired 01-03-2019