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Eve Holding has the Financial Strength Rank of 7.
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.Eve Holding did not have earnings to cover the interest expense. As of today, Eve Holding's Altman Z-Score is 0.00.
For the Aerospace & Defense subindustry, Eve Holding'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 Aerospace & Defense industry and Industrials sector, Eve Holding's Financial Strength distribution charts can be found below:
* The bar in red indicates where Eve Holding'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:
Eve Holding's Interest Expense for the months ended in Dec. 2023 was $-0.25 Mil. Its Operating Income for the months ended in Dec. 2023 was $-38.87 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25.76 Mil.
Eve Holding's Interest Coverage for the quarter that ended in Dec. 2023 is
Eve Holding 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.
Eve Holding'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 | |
= | (0 | + | 25.764) | / | 0 | |
= | N/A |
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.
Eve Holding 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.
Eve Holding (NYSE:EVEX) 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.
Eve Holding has the Financial Strength Rank of 7.
Thank you for viewing the detailed overview of Eve Holding's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Johann Bordais | officer: Chief Executive Officer | C/O EVE MOBILITY, 4001 KENNETT PIKE, SUITE 302, WILMINGTON DE 19807 |
Maria Cordon | director | C/O EVE HOLDING, INC., 1400 GENERAL AVIATION DRIVE, MELBOURNE FL 32395 |
Paul Eremenko | director | C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
Entrecanales Domecq Jose Manuel | director | C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
Luis Carlos Affonso | director | C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
Embraer Aircraft Holding, Inc. | director, 10 percent owner | 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
Michael Amalfitano | director | C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
Marion C Blakey | director | C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188 |
Eduardo Siffert Couto | officer: Chief Financial Officer | C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
Andre Duarte Stein | officer: Co-Chief Executive Officer | C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
S.a. Embraer | director, 10 percent owner | AV. BRIGADEIRO FARIA LIMA 2170, SAO JOSE DOS CAMPOS D5 12227901 |
Sergio Pedreiro | director | 2 PARK AVENUE, NEW YORK NY 10016 |
Patrick M Shanahan | director | C/O RESILIENCE CAPITAL PARTNERS LLC, 25101 CHAGRIN BLVD 350, BEACHWOOD OH 44122 |
Triple8, Llc | 10 percent owner | ONE SECURITY BENEFIT PLACE, TOPEKA KS 66636 |
Eldridge Industries, Llc | 10 percent owner | 600 STEAMBOAT ROAD, GREENWICH CT 06830 |
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