What is DriveItAway Holdings Financial Strength?
DriveItAway Holdings 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.
DriveItAway Holdings did not have earnings to cover the interest expense.
DriveItAway Holdings's debt to revenue ratio for the quarter that ended in Mar. 2024 was 4.86.
As of today, DriveItAway Holdings's Altman Z-Score is -56.11.
Competitive Comparison of DriveItAway Holdings's Financial Strength
For the Rental & Leasing Services subindustry, DriveItAway 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.
DriveItAway Holdings's Financial Strength Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, DriveItAway Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where DriveItAway Holdings's Financial Strength falls into.
DriveItAway 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:
DriveItAway Holdings's Interest Expense for the
months ended in Mar. 2024 was $-0.18 Mil. Its Operating Income for the
months ended in Mar. 2024 was $-0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.13 Mil.
DriveItAway Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is
| DriveItAway 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.
DriveItAway Holdings'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.
DriveItAway Holdings has a Z-score of -56.11, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -56.11 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.
DriveItAway Holdings (DriveItAway Holdings) Business Description
Traded in Other Exchanges
N/A
Address
3201 Market Street, Suite 200/201, Philadelphia, PA, USA, 10104
DriveItAway Holdings Inc provides dealer focused mobility platform that enables car dealers to sell more vehicles in a seamless way through eCommerce, with its Pay as You Go app-based subscription program. DIA provides a comprehensive turn-key, solutions-driven program with proprietary mobile technology and driver app, insurance coverages, and training to get dealerships up and running quickly and profitably in emerging online sales opportunities.
Executives
| Paul Patrizio |
director, 10 percent owner |
90 WASHINGTON VALLEY ROAD, BEDMINSTER NJ 07921 |
| John Francis Possumato |
director, 10 percent owner, officer: Chief Executive Officer |
116 THIRD AVENUE, HADDON HEIGHTS NJ 08035 |
| Adam Joseph Potash |
director, 10 percent owner, officer: Chief Operating Officer |
259-10, HILLSIDE AVENUE, APT. 6H, FLORAL PARK NY 11004 |
| Aep Holdings Llc |
10 percent owner |
1 WHITE BUCK RUN, WARREN NJ 07059 |
| Minds' Eye Innovations, Inc. |
10 percent owner |
259-10 HILLSIDE AVENUE, APT. 6H, FLORAL PARK NY 11004 |
| Driveltaway Llc |
10 percent owner |
116 THIRD AVENUE, HADDON HEIGHTS NJ 08035 |
| Zell Richard Gery Ii |
director |
8 GEARYS RIDGE RD, RINGOES NJ 08551 |
| Christopher Rego |
director |
212 BELLEROSE DR., SAN JOSE CA 95128 |
| Franventures, Llc |
10 percent owner |
796 CYPRESS CROSSING TRAIL, ST. AUGUSTINE FL 32095 |
| Blake Furlow |
director, 10 percent owner |
2110 N WESTGATE, BOISE ID 83704 |
| Bart Jay Mitchell |
director |
7853 N HILLIARD CT, COEUR D' ALENE ID 83815 |
| Gary L Herman |
director |
720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019 |
| Karla Kretsch |
officer: Chief Operating Officer |
701 MARKET STREET, SUITE 113, ST. AUGUSTINE FL 32095 |
| Christian Miller |
officer: Chief Financial Officer |
701 MARKET STREET, SUITE 113, ST. AUGUSTINE FL 32095 |
| Joyann Kenny-charlton |
director |
194 TWINING BRIDGE ROAD, NEWTOWN PA 18940 |
DriveItAway Holdings (DriveItAway Holdings) Headlines
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