What is Healthy Extracts Financial Strength?
Healthy Extracts 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.
Warning Sign:
Healthy Extracts Inc displays poor financial strength. 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.
Healthy Extracts did not have earnings to cover the interest expense.
Healthy Extracts's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.42.
As of today, Healthy Extracts's Altman Z-Score is -9.48.
Competitive Comparison of Healthy Extracts's Financial Strength
For the Drug Manufacturers - Specialty & Generic subindustry, Healthy Extracts'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.
Healthy Extracts's Financial Strength Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Healthy Extracts's Financial Strength distribution charts can be found below:
* The bar in red indicates where Healthy Extracts's Financial Strength falls into.
Healthy Extracts 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:
Healthy Extracts's Interest Expense for the
months ended in Mar. 2024 was $-0.04 Mil. Its Operating Income for the
months ended in Mar. 2024 was $-0.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.
Healthy Extracts's Interest Coverage for the quarter that ended in Mar. 2024 is
| Healthy Extracts 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.
Healthy Extracts'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.
Healthy Extracts has a Z-score of -9.48, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -9.48 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.
Healthy Extracts (Healthy Extracts) Business Description
Traded in Other Exchanges
N/A
Address
7375 Commercial Way, Suite 125, Henderson, NV, USA, 89011
Healthy Extracts Inc through its subsidiaries is engaged in proprietary research and development of natural plant-based formulations, manufacturing, sales, and distribution of cardiovascular and neuro products that provide natural brain solutions. The company also provides superfruit supplements to support overall cholesterol and cardiovascular health. Its products are distributed in the United States and Mexico. The company's operating segment includes Health Supplements and Corporate. It generates maximum revenue from the Health Supplements segment.
Executives
| Robert Michael Madden |
officer: Chief Financial Officer |
5269 SOUTH ALVERA CIR, SALT LAKE CITY UT 84117 |
| Croyle William Russell Jr |
director |
1 SILVERMOUND, LITTLETON CO 80127 |
| Kevin Pitts |
10 percent owner, officer: President |
3664 CHRISTY RIDGE RD., SEDALIA CO 80135 |
| Sanjeevkumar Ratanshi Javia |
director, officer: President |
7161 E. RANCHO VISTA DRIVE, SUITE 3008, SCOTTSDALE AZ 85251 |
| Patrick Stiles |
director, 10 percent owner, officer: President, CEO |
10300 W. CHARLESTON, LAS VEGAS NV 89135 |
| Joseph Nejman |
director, 10 percent owner, officer: President |
555 BRYANT ST., SUITE 555, PALO ALTO CA 94301 |
| William C Bossung |
director, 10 percent owner, officer: CFO and Secretary |
10300 W. CHARLESTON BLVD., STE. 13-378, LAS VEGAS NV 89135 |
| Brian J Dunn |
director, 10 percent owner |
7075 FLYING CLOUD DRIVE, EDEN PRAIRIE MN 55344 |
| Fred Covely |
director, 10 percent owner, officer: President and CEO |
1508 GRANDVIEW RD., VISTA CA 92084 |
Healthy Extracts (Healthy Extracts) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HYEX has been successfully added to your