What is PureBase Financial Strength?
PureBase has the Financial Strength Rank of 0.
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.
PureBase did not have earnings to cover the interest expense.
As of today, PureBase's Altman Z-Score is -121.79.
Competitive Comparison of PureBase's Financial Strength
For the Agricultural Inputs subindustry, PureBase'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.
PureBase's Financial Strength Distribution in the Agriculture Industry
For the Agriculture industry and Basic Materials sector, PureBase's Financial Strength distribution charts can be found below:
* The bar in red indicates where PureBase's Financial Strength falls into.
PureBase 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:
PureBase's Interest Expense for the
months ended in Feb. 2024 was $-0.03 Mil. Its Operating Income for the
months ended in Feb. 2024 was $-0.46 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.10 Mil.
PureBase's Interest Coverage for the quarter that ended in Feb. 2024 is
| PureBase 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.
PureBase's Debt to Revenue Ratio for the quarter that ended in Feb. 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.
PureBase has a Z-score of -121.79, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -121.79 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.
PureBase (PureBase) Business Description
Traded in Other Exchanges
N/A
Address
8631 State Highway, 124 lone, P.O. Box 757, Ione, CA, USA, 95640
PureBase Corp is a diversified, industrial mineral and natural resource company. It provides new and improved, and environmentally sound solutions to a wide range of industries including cornerstone markets of agriculture and construction. The company focuses on the acquisition, development, mining developing, and marketing of natural mineral properties in California, Nevada, and the United States. It provides minerals such as silica sand, kaolin, bentonite, leonardite, potassium silicate sulfate, pozzolan, and limestone. Geographically all the business activity of the firm is operated through the region of the United States.
Executives
| Bradford Charles Barto |
director |
2461 CRESTVIEW DRIVE, NEWPORT BEACH CA 92663 |
| Jeffrey J Guzy |
director |
3130 19TH STREET, NORTH, ARLINGTON VA 22201 |
| Kimberly Erin Kurtis |
director |
805 ADAIR AVE NE, ATLANTA GA 30306 |
| Craig C Barto |
10 percent owner |
14761 BENTLEY CIRCLE, TUSTIN CA 92680 |
| Michael Joseph Fay |
officer: Chief Financial Officer |
39270 PASEO PADRE PKWY, #459, FREMONT CA 94538 |
| John A Bremer |
director, 10 percent owner |
10490 DAWSON CANYON ROAD, CORONA CA 92883 |
| David Earl Jenkins |
director |
1110 W. MARLETTE STREET, IONE CA 95640 |
| Thomas Michael Swett |
director |
3125 PETTY LANE, CARMICHAEL CA 95608 |
| A Scott Dockter |
director, 10 percent owner, officer: CEO |
3090 BOEING ROAD, CAMERON PARK CA 95682 |
| Alfred Joseph Calvanico |
officer: CFO |
8625 HIGHWAY 124, PO BOX 757, IONE CA 95640 |
| Amy Clemens |
officer: CFO & Secretary |
1670 SIERRA AVENUE, STE. 402, YUBA CITY CA 95993 |
| Calvin Lim |
director |
6580 HAVEN SIDE DRIVE, SACRAMENTO CA 95831 |
| John Gingerich |
director |
237 WEDGEWOOD DRIVE, WOODSTOCK A6 N4T 0J1 |
| Bay Street Capital Corp |
10 percent owner |
SEA MEADOW HOUSE, BLACKBURNE HIGHWAY, PO BOX 116, ROAD TOWN, TORTOLA D8 00000 |
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