PKE has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
PKE has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Park Aerospace has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Park Aerospace 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 Park Aerospace's interest coverage with the available data. Park Aerospace's debt to revenue ratio for the quarter that ended in Nov. 2023 was 0.00. As of today, Park Aerospace's Altman Z-Score is 12.28.
For the Aerospace & Defense subindustry, Park Aerospace'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, Park Aerospace's Financial Strength distribution charts can be found below:
* The bar in red indicates where Park Aerospace'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:
Park Aerospace's Interest Expense for the months ended in Nov. 2023 was $0.00 Mil. Its Operating Income for the months ended in Nov. 2023 was $1.37 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.09 Mil.
Park Aerospace's Interest Coverage for the quarter that ended in Nov. 2023 is
GuruFocus does not calculate Park Aerospace'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. Park Aerospace Corp has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Park Aerospace's Debt to Revenue Ratio for the quarter that ended in Nov. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Nov. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0.053 | + | 0.094) | / | 46.556 | |
= | 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.
Park Aerospace has a Z-score of 12.28, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 12.28 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.
Park Aerospace (NYSE:PKE) 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.
Park Aerospace has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Thank you for viewing the detailed overview of Park Aerospace's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Shane Connor | director | 10510 SPRINGBORO PIKE, MIAMISBURG OH 45342 |
Nickel Cory | officer: Sr VP and General Manager | 816 N. BLAINE ST., NEWTON KS 67114 |
Dale Blanchfield | director | 128 HAWTHORNE ROAD, HOPKINS MN 55343 |
D. Bradley Thress | director | 250 WEST SPRING STREET, UNIT 615, COLUMBUS OH 43215 |
Brian E Shore | director, officer: President and CEO | |
Emily J Groehl | officer: Sr. VP, Sales and Marketing | |
Mark A Esquivel | officer: Vice President - Aerospace | 48 SOUTH SERVICE ROAD, MELVILLE NY 11747 |
Yvonne Julian | director | 225 HIDDEN HILLS DRIVE, GREENVILLE SC 29605 |
Steven T Warshaw | director | |
Stephen E Gilhuley | officer: Senior Vice President, Secreta | |
P. Matthew Farabaugh | officer: Vice President and Controller | PARK ELECTROCHEMICAL CORP., 48 SOUTH SERVICE ROAD, SUITE 300, MELVILLE X1 11747 |
Benjamin Wykoff Shore | officer: Senior Vice President | 31 HARBOR PARK DRIVE, CENTERPORT NY 11721 |
Robert J Yaniro | officer: VP and Corporate Controller | 48 SOUTH SERVICE ROAD, MELVILLE NY 11747 |
Carl William Smith | director | 10044 E. NACOMA CT., SUN LAKE AZ 85248 |
Christopher T. Mastrogiacomo | officer: V P of Strategic Marketing | 48 SOUTH SERVICE ROAD, SUITE 300, MELVILLE NY 11747 |
From GuruFocus
By Marketwired • 07-05-2023
By Stock market mentor Stock market mentor • 01-03-2023
By PurpleRose PurpleRose • 07-12-2022
By Marketwired • 10-05-2023
By sperokesalga sperokesalga • 05-08-2023
By GuruFocusNews GuruFocusNews • 07-05-2022
By Stock market mentor Stock market mentor • 01-09-2023
By Value_Insider Value_Insider • 10-18-2022
By sperokesalga sperokesalga • 02-09-2023
By sperokesalga sperokesalga • 04-20-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.