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Princeton Capital has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Princeton Capital Corp shows strong financial strength.
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 Princeton Capital's interest coverage with the available data. Princeton Capital's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00. Altman Z-Score does not apply to banks and insurance companies.
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:
Princeton Capital'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 $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.
Princeton Capital's Interest Coverage for the quarter that ended in Mar. 2024 is
Princeton Capital had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Princeton Capital Corp has no debt.
2. Debt to revenue ratio. The lower, the better.
Princeton Capital'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 | |
= | (0 | + | 0) | / | -25.248 | |
= | 0.00 |
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.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
Princeton Capital (OTCPK:PIAC) 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.
Princeton Capital has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Thank you for viewing the detailed overview of Princeton Capital's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark S. Disalvo | director, 10 percent owner | 800 TURNPIKE STREET, SUITE 300, NORTH ANDOVER MA 01845 |
Gregory Scott Bennett | director | 35 PARADISE CLOSE, RED BAY, GEORGE TOWN, GRAND CAYMAN E9 0000 |
Martin William Laidlaw | director | WINDWARD 1, REGATTA OFFICER PARK, WEST BAY ROAD, PO BOX 30100, GRAND CAYMAN E9 KY1-1201 |
Darren Stainrod | director | FIDELITY FINANCIAL CENTRE, 3RD FLOOR, BOX 2427, WEST BAY ROAD, GRAND CAYMAN E9 KY1-1105 |
Charles J Newman | director, officer: CEO/CFO/Chairman | P.O. BOX 25610, SCOTTSDALE AZ 85255 |
Alfred Jackson | director, 10 percent owner | ONE RIVERWAY, SUITE 2020, HOUSTON TX 77056 |
Gregory J. Cannella | officer: CFO, Treasurer and Secretary | ONE RIVERWAY, SUITE 2020, HOUSTON TX 77056 |
Trennis L Jones | director | ONE RIVERWAY, SUITE 2020, HOUSTON TX 77056 |
Munish Sood | director, officer: Chief Executive Officer | ONE RIVERWAY, SUITE 2020, HOUSTON TX 77056 |
Joy Sheehan | officer: Chief Compliance Officer | ONE RIVERWAY, SUITE 2020, HOUSTON TX 77056 |
Thomas Jr. Jones | director | ONE RIVERWAY, SUITE 2020, HOUSTON TX 77056 |
Capital Point Partners, L.p. | 10 percent owner | ONE RIVERWAY, SUITE 200, HOUSTON TX 77056 |
Brodkorb Bernard Leonard Jr | director | 2560 N RICE STREET, ST PAUL MN 55113 |
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