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Hyliion Holdings has the Financial Strength Rank of 6.
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.GuruFocus does not calculate Hyliion Holdings's interest coverage with the available data. As of today, Hyliion Holdings's Altman Z-Score is 7.48.
For the Auto Parts subindustry, Hyliion 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.
For the Vehicles & Parts industry and Consumer Cyclical sector, Hyliion Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where Hyliion Holdings'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:
Hyliion Holdings's Interest Expense for the months ended in Mar. 2024 was $0.00 Mil. Its Operating Income for the months ended in Mar. 2024 was $-14.56 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $6.21 Mil.
Hyliion Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is
GuruFocus does not calculate Hyliion Holdings's interest coverage with the available data. |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Hyliion Holdings Corp has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Hyliion Holdings's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (1.436 | + | 6.207) | / | 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.
Hyliion Holdings has a Z-score of 7.48, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 7.48 is strong.
* 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.
Hyliion Holdings (NYSE:HYLN) 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.
Hyliion Holdings has the Financial Strength Rank of 6.
Thank you for viewing the detailed overview of Hyliion Holdings's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Knight Robert M Jr | director | UNION PACIFIC CORP, 1416 DODGE ST, OMAHA NE 68179 |
Cheri Lantz | officer: CHIEF STRATEGY OFFICER | C/O HYLIION HOLDING CORP., 1202 BMC DRIVE, SUITE 100, CEDAR PARK TX 78613 |
Thomas J. Healy | director, 10 percent owner, officer: Chief Executive Officer | C/O HYLIION HOLDINGS CORP., 5100 W. 115TH PLACE, LEAWOOD KS 66211 |
Dennis M. Gallagher | officer: Chief Operating Officer | C/O HYLIION HOLDING CORP., 1202 BMC DRIVE, SUITE 100, CEDAR PARK TX 78613 |
Jeffrey A Craig | director | MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084 |
Vincent T. Cubbage | director | 725 FIFTH AVE., 19TH FLOOR, NEW YORK NY 10022 |
Jon Panzer | officer: Chief Financial Officer | C/O HYLIION HOLDING CORP., 1202 BMC DRIVE, SUITE 100, CEDAR PARK TX 78613 |
Card Andrew H Jr | director | 5747 N 4TH STREET, ARLINGTON VA 22205 |
Melanie Montague Trent | director | 2800 POST OAK BLVD., SUITE 5450, HOUSTON TX 7056 |
Rodger L Boehm | director | 165 WESTVIEW ROAD, WINNETKA IL 60093 |
Richard Joseph Freeland | director | 927 JUNCO DRIVE, COLUMBUS IN 47201 |
Jose Miguel Oxholm | officer: VP, General Counsel and CCO | C/O HYLIION HOLDINGS CORP., 1202 BMC DRIVE, SUITE 100, CEDAR PARK TX 78613 |
Patrick Sexton | officer: Chief Technology Officer | C/O HYLIION HOLDINGS CORP., 5100 W. 115TH PLACE, LEAWOOD KS 66211 |
Edward E Olkkola | director | 300 WEST SIXTH STREET STE.2300, AUSTIN TX 78701 |
Sherri Baker | director | 1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275 |
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